Escapia Posts Record Results for 2009; Tops One Billion Dollars in Bookings Powered by Leading Vacation Rental Software Platform.
Escapia, the leading vacation rental software and marketing company, signs up more new clients than ever before; Drives dramatic growth in online vacation rental bookings.
SEATTLE – January 26, 2010 - Escapia, Inc. (www.escapia.com) the leading provider of web-based vacation rental management and marketing solutions, today announced record results for 2009. The company finished 2009 with another consecutive year of double digit sales growth, driving record revenue even in the midst of a tough economic environment. And just before the end of the year, Escapia reached a major milestone by topping more than one billion dollars of bookings powered by vacation rental management companies using its software platform.
Escapia’s web-based software platform powers hundreds of vacation rental management companies, providing integration across their business operations, website, and online marketing sites. The Escapia platform delivers streamlined property management, more bookings and more revenue. In 2009 Escapia’s software platform powered $300 million in vacation rental bookings, taking the company over the mark of having processed more than one billion dollars of cumulative bookings for vacation rental companies. The company also added more new vacation rental managers to its client list than in any single year in the company’s history. “Escapia has streamlined our vacation rental marketing and operations,” said Tracey Gaines, Owner of Port Aransas Escapes, who implemented Escapia’s vacation rental software last year. “We’ve been able to nearly double our business and market our properties in more places online. It’s all been about more bookings, better service, and more revenue that we wouldn’t have had without Escapia.”
2009 also marked a year of dramatic growth in Escapia’s commitment to increasing online revenue for vacation rental managers. The number of bookings driven through the EscapiaNET online distribution network increased by 570% in 2009 as the company added leading web sites like HomeAway.com, TripAdvisor.com, FlipKey.com, Yahoo Travel, AOL Travel and more to its distribution network.
“We are extremely pleased with our results,” said Bill Furlong, CEO of Escapia. “In a tough year, vacation rental managers recognized the value of Escapia’s online distribution and world-class web site solution that fully integrate with Escapia’s back-office software. With our commitment to driving as much business for managers as possible from the Web, Escapia has become a profit center for vacation rental managers instead of a cost like traditional software.”
Escapia’s consumer site, ClearStay.com also experienced growth in 2009 as well with the number of bookings made by travelers using ClearStay.com increasing by 262%. The leading web site dedicated solely to inventory from professional vacation rental managers, ClearStay.com increased the number of authenticated guest reviews to over 50,000 by year end and the number of vacation rental properties with real-time rates, availability and online booking by more than a third.