ClearStay.com™ and EscapiaNET™ Vacation Rental Reservation Network Deliver Record Results for Vacation Rental Managers
SEATTLE – March 19, 2008 – Escapia, Inc., the #1 web-based provider of software and marketing solutions for professional vacation rental managers, announced that its industry-first, end-to-end vacation rental network delivered record January and February results. Escapia’s unique real-time, end-to-end reservation platform allows consumers to book rental properties easily, with real-time availability, accurate pricing and one-click booking. Consumers can visit ClearStay.com or one of many vacation rental sites using the EscapiaNET™ distribution network. For the professional vacation rental property manager, the EscapiaONE™ property management web-hosted software provides a cost-effective way to reach traveling consumers.
“We went to beta with EscapiaNET in November 2007, and already, more than 60% of the property managers using it have seen bookings, including one property manager with over $27,000 in new business,” said Bill Furlong, CEO of Escapia. “For consumers, ClearStay.com offers unparalleled convenience; our goal is to make it as easy for consumers to find and book a vacation rental as a hotel room.”
Illustrating the strong momentum of the company:
The platform powers a large and growing volume of transactions:
Escapia, Inc. powered nearly $200 million in gross bookings over the past year, with bookings increasing by over 40% from a year ago; each week, Escapia solutions power more than $5 million of vacation rental bookings.Property managers are increasingly adopting Escapia:
Escapia drove record January and February software license sales -- the number of new vacation rental units adopting the platform in January and February 2008 show year over year gains of 230%. Units signed for January and February 2008 are more than 70% of 2007’s total for the full year.Escapia’s new distribution network is already driving new business:
Released to beta in November 2007, EscapiaNET has driven over $350,000 in new gross vacation rental bookings at no up-front cost to property managers.ClearStay.com is dramatically increasing its breadth:
ClearStay.com, Escapia’s own vacation rental booking site for consumers which went to beta in November 2007, now has more than 45,000 committed vacation rental listings. The extraordinary response to ClearStay listings has resulted in a backlog of vacation rentals to be added to the site as Escapia responds to the strong demand.