Edited Press Release
Technology & Internet Services
Escapia, Inc., a provider of web-based vacation rental software and NAVIS, a provider of leisure sales optimization for the resort lodging market, announced the release of their technology integration of Escapia property management software and NAVIS Narrowcast leisure sales solution. (more…)
Edited Press Release
Escapia, the vacation rental management and marketing solutions provider, 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. Escapia claims to have reached more than one billion dollars of bookings powered by vacation rental management companies using its software platform.
Escapia Logo
Escapia’s web-based software platform powers 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.
Escapia presents its National 2010 Vacation Rental Industry Report providing insight into vacation rental market trends. According to Escapia it covers over a million booking days in 2009 across tens of thousands of vacation homes from coast to coast and is the most thorough analysis of 2009 vacation rental data to date.
escapia vacation rental industy report 2010
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Edited Press Release
Escapia, a provider of web-based management and marketing solutions for vacation rental managers, announced on June 22 the completion of a $1.6 million round of funding. The new funding allows the company to extend its position in web hosted software for vacation rental managers and to capitalize on the breakneck growth in its consumer bookings business. The round, which exceeded the company’s goals for the amount of new capital raised, is being led by existing investors including Steven D. Murch, Buerk Dale Victor, and Atlas Accelerator.
Escapia’s web-based vacation rental software platform simplifies how professional vacation rental managers market and manage their vacation homes. Escapia streamlines reservations, accounting and property management, enables online reservations, provides fully integrated distribution reaching tens of millions of online travelers each month, delivers agencies world-class website solutions, enhances security and provides unparalleled flexibility in running vacation rental businesses. Today Escapia powers the back office and websites for hundreds of vacation rental agencies, providing them with online availability, booking and direct integration with their reservation desks. The Escapia web-hosted software platform has powered over half a billion dollars worth of vacation rental bookings.
The new funding allows the company to build on an impressive track record of growth. Over the past year Escapia has expanded its consumer business, added to its client base, and expanded its suite of services. Consumer bookings driven by the Escapia platform to vacation rental managers has increased by over 400% compared to a year ago. The number of vacation rental agencies using the leading Escapia web-hosted vacation rental software platform has increased by 25%, even in the midst of a sharp recession. And the company has released innovative technology including the first integrated yield management system available to vacation rental managers.
The company’s CEO Bill Furlong said, “We’re thrilled to have closed additional funding to accelerate development of our software platform and expand the breadth and sophistication of our online distribution. Our investors see the opportunity to dramatically improve the ability of vacation rental managers to serve travelers looking online for vacation homes. We’re focused on expanding what is already the most advanced property management and online distribution capability available to vacation rental managers.”
Edited Press Release
HomeAway and Escapia a leading provider of web-based management and marketing solutions for vacation rental managers today announced a partnership giving Escapia customers the ability to market their properties on HomeAway.com.
Escapia Logo
Now vacation rental managers running their business on the EscapiaONE web software platform can automatically showcase their listings and process reservations for their properties directly on HomeAway.com, the HomeAway flagship site.
“Escapia is committed to providing vacation rental managers with the most effective software solution in the industry and the most compelling opportunities to market their vacation homes online. We’re excited that our partnership with HomeAway gives vacation rental managers the opportunity to list their homes and generate bookings from the leading online site in the vacation rental business,” said Bill Furlong, CEO of Escapia.
Participating EscapiaONE property managers will experience integration on HomeAway.com including instantaneous updates of property information, rates and availability information. Travelers on HomeAway.com will also be able to book vacation homes online from managers using EscapiaONE.
“We’re pleased to partner with Escapia to make it easier than ever for their customers to reach the traveler audience on HomeAway.com,” says Brian Sharples, CEO of HomeAway. “Our mission is to provide the broadest choice possible to travelers. Our research has shown that better overall choice always leads to better inquiry performance for owners and managers using our marketplace, so we welcome the addition of the properties represented by Escapia customers, which adds depth to our product offering.”
Yield Management for Vacation Rentals
Monday, May 18th, 2009Comment
Interesting video of a presentation by John Suzuki, VP of Sales at Escapia at the VRMA seminar in Portland, Oregon on the benefits of yield management for the vacation rental industry.
About Escapia:
Escapia develops web-based vacation rental management software and online marketing solutions.
Tags: escapia, john suzuki, vrma, yield management
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