Instant Software announces that $1 Billion worth of online bookings have been executed through ISILink, its Global Distribution System, and prior technologies for real-time online bookings in the vacation rental industry.
Basalt, Colo. (PRWEB) July 5, 2008 -- Instant Software, the leading technology solution provider for the Vacation Rental Management industry announced that over $1 Billion in online reservation bookings have been successfully executed through its global distribution system (GDS) called ISILink and prior real-time technologies. The ISILink technology, now in its fourth generation, was originated in 1998, and is the leading real-time GDS for the $18 Billion vacation rental industry, which is quickly becoming one of the fastest growing segments of the online travel industry.
ISILink is the hub that integrates data from multiple property management software systems to the internet for automated real-time online bookings. Property Managers using any of Instant Software's market leading solutions such as PropertyPlus, First Resort, Entech, and the new V12.NET can integrate with ISILink to advertise available listings to more than 15 million potential travelers per month through several different channels, including:
- Their own supplier sites, using Instant Software's WebLink and WebLink Plus
- Any of Instant Software's Channel Partners
- StayUSA, a pay-per-performance service in which Instant Software will manage Channel Partner relationships on behalf of its property management clients
Real-time booking in the vacation rental industry, which encompasses the short term rental of individually owned homes and condominiums, allows property management companies to compete with the hotel and resort industry on a more level playing field. Online bookings for the vacation rental industry are more complex than the traditional hotel/resort industry because each property rented is treated as an individual and unique entity. Vacationers generally rent a specific property as opposed to a room type, making real-time information on pricing and availability critical to success.
There are several advantages to integrating with a GDS such as ISILink to distribute properties on the internet. The most important is that it is real-time and automated, including the ability to provide last minute confirmations. Some reservation booking websites allow property managers to manually upload vacation rental property information, but these systems have many limitations, such as:
- Manual entry and continuous time-consuming management of properties and all associated data and images into third party extranets
- Staff labor required to enter reservations resulting from non-integrated booking sites into Property Management systems
- Manually taking properties on and off the available pool of properties in the third party extranet each time the vacancy status changes
- High probability of double booking resulting from out-of-date data, due to the necessity to manually duplicate the site with the in-house property management system
"Instant Software has, for the last ten years, provided the most innovative systems for property management companies to run their businesses efficiently and supplied a conduit that distributes their properties to the largest possible audience on the internet. $1 Billion in online transactions is the best evidence of that," explains Dave Hopcroft, CEO of Instant Software. "We've achieved this unequaled success by building trust with our clients, having the best technology and understanding their business needs. We have developed these three principals by providing software solutions to more than 2,000 companies - this depth of knowledge and experience is unparalleled by any other software company in our industry."
About Instant Software
Instant Software Inc. (ISI), is the nation's leading provider of vacation rental management software, real-time online reservation and distribution systems and related services. The Instant Software product portfolio includes First Resort™, PropertyPlus™, Entech™, V12.NET™ and ISILink™. ISI has installed software at more than 2,000 property management companies and vacation rental resorts throughout North and Central America and the Caribbean. The company, which was the first in the vacation rental industry to bring real-time booking, serves more than 225,000 vacation rentals and provides more software solutions for more companies than any other in the USA.
For more information, please contact:
Scott Gerber
Vice President of Marketing
Instant Software, Inc.
Tel: 888-534-7555
www.instantsoftware.com
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