SOURCE: Escapia, Inc.

April 12, 2007 20:39 ET

Escapia Announces Record Results for the 1st Quarter of 2007

SEATTLE, WA -- (MARKET WIRE) -- April 12, 2007 -- Escapia (www.escapia.com), developers of the #1 Internet business platform serving the professional vacation rental management industry, announced today that the dollar volume of vacation rental bookings made using the Escapia platform hit a record high in the first quarter of 2007, increasing by 70% from March 2006 to March 2007.

"Every week, thousands of renters make millions of dollars of bookings with hundreds of vacation rental agencies using Escapia's web hosted software," said Bill Furlong, Escapia's CEO. "Running a web service isn't something new to Escapia; we've been doing it since 2001. For years, vacation rental agencies from Cape Cod to Kauai have found that Escapia's web platform delivers unparalleled flexibility, reliability and ease of use. Seamless integration of the back-office software with an agency's own web site means that Escapia is the easiest way to have a state-of-the-art online presence."

In February 2007, a surge of new licenses for Escapia's software allowed the company to achieve stand-alone profitability for the core property management platform. The company continues to invest additional resources not only to help professional vacation rental managers manage their agency more efficiently, but also to capture more bookings on the web. "As a major investor in Escapia, I am extremely gratified with the progress of our property management software. Beyond that, I am excited about the investment Escapia is making in products and services aimed at increasing the occupancy and revenue base of our professional vacation rental manager customers," said Steve Murch, Chairman of Escapia, Inc. and co-founder of pioneering online vacation rental directory VacationSpot.com.

The growth in Escapia's business has allowed the company to assemble the most talented team in the online vacation rental business. With decades of experience at Expedia, First Resort, Microsoft, Sun Microsystems, IBM, VacationSpot.com and other leading technology and travel companies, the Escapia team has the vision and experience to deliver breakthrough software and services over the web for professional vacation rental companies.

Powering the growth in the number of bookings has been the addition of scores of leading vacation rental agencies as Escapia clients. RE/MAX Kauai is one of the many new additions to the Escapia client base. "We selected Escapia because they are on the cutting edge of the vacation rental management software industry; leaps and bounds ahead of the competition. We did not just get a software solution with Escapia, we got a relationship of two companies working toward the same goal, RE/MAX Kauai on a localized level and Escapia on a nationwide or even worldwide level. Not only have we been able to cut our workload in half, but we are able to offer current and potential owners features and abilities that cannot be found in our competitors' offerings. By the end of the year the software will have paid for itself," said Jim & Cyrila Pycha, owners of RE/MAX Kauai.

About Escapia

Escapia, Inc., founded in 2000, is leading the Internet revolution in the $25 billion vacation rental industry with web-based on-demand software. Escapia software 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. Escapia Vacation Rental Suite is a comprehensive software suite for vacation rental companies embracing the Internet future of the industry. Seattle-based Escapia can be reached at 1-800-ESCAPIA, info@escapia.com or via the web at www.escapia.com.

Escapia and the Escapia logo are trademarks of Escapia, Inc.

All other trademarks are the property of their respective owners.

www.escapia.com

Contact Information

  • For more information:
    Kristine Lande
    Escapia, Inc.
    Ph. 206-832-0241
    e-mail: Email Contact