SOURCE: Escapia, Inc.

March 20, 2008 09:00 ET

ClearStay.com™ and EscapiaNET™ Vacation Rental Reservation Network Deliver Record Results for Vacation Rental Managers

SEATTLE, WA--(Marketwire - March 20, 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.
    

About Escapia

Escapia, Inc., founded in 2000, is leading the Internet revolution in the $18 billion vacation rental industry with a comprehensive Internet business platform and a breakthrough consumer booking service. Escapia empowers professional vacation rental management companies to reach new customers, manage properties and owner relationships, and perform trust-based accounting, housekeeping, maintenance and other mission critical aspects of their businesses. EscapiaONE is a comprehensive platform for vacation rental companies embracing the Internet future of the industry. EscapiaNET is the leading online distribution network for professional vacation rental managers. And ClearStay.com is the premier online vacation rental site helping consumers book lodging with vacation rental managers. Seattle-based Escapia can be reached at 1-800-ESCAPIA, info@escapia.com or via the web at www.escapia.com.

Escapia, EscapiaONE, EscapiaNET, ClearStay.com, the Escapia logo and the ClearStay.com logo are trademarks of Escapia, Inc. All other trademarks are the property of their respective owners.

www.escapia.com

www.clearstay.com

Contact Information

  • Contact:
    Parag Vaish
    Escapia, Inc.
    425-802-3429
    e-mail: Email Contact