PayByGroup Partners with Homeaway Software to provide split payments for vacation rental travelers
MarketWatch, Mar 17, 2015
SAN FRANCISCO, March 17, 2015 /PRNewswire/ -- PayByGroup today announces a partnership with HomeAway Software®, the leading provider of property management software for professional vacation rental managers. HomeAway Software`s platforms, EscapiaSM, V12.NET®, First Resort™, Entech™ and PropertyPlus®, connect property managers to the leading vacation rental listing sites HomeAway.com® and VRBO.com, in addition to aiding the managing and operation of vacation rental inventory.
PayByGroup (www.paybygroup.com/business) gives travelers the ability to split the cost of a vacation rental with family or friends directly from the booking website. This increases guest satisfaction ratings and reviews, cuts booking cycles by five to nine daysi, boosts marketing reach by 40 percentii, and protects managers and their homeowner clients by collecting contact information and rental agreements from every guest in the booking party.
With the new PayByGroup for HomeAway Software integration, property management companies that use Escapia, V12.NET, or any other HomeAway Software platform can now easily add the PayByGroup checkout option to their website without any integration work or changes to existing processes.
PayByGroup`s volume has grown 172%iii over the past month, and 10 to 20 percentiv of travelers choose PayByGroup as their preferred checkout option on vacation rental websites that offer it. That number continues to rise as the payment option becomes more widely available throughout the travel and e-commerce industries. The PayByGroup for HomeAway Software integration streamlines the group booking process by connecting directly to property managers` inventory and tracking multiple travelers` payments in real-time. As an added benefit to property managers, the average traveler group spends 16% more on accommodations when they are able to split payments.
"We`re excited to incorporate PayByGroup for HomeAway Software customers. Our software platforms are designed to help vacation rental managers serve guests and owners by integrating innovative solutions to meet their needs. PayByGroup is an incredibly valuable solution for our customers," said Bill Furlong, HomeAway Software.
"The PayByGroup for HomeAway Software integration is a huge win for the travel industry. Thousands of property managers can now see immediate booking and revenue boosts by eliminating the nightmare of multiparty payments and catering to what travelers want," noted Frank Langston, President and COO at PayByGroup.
HomeAway Software users can learn more about the service and sign up for a free PayByGroup for HomeAway Software trial to start boosting their bookings and revenue today. PayByGroup accepts payments using all major credit and debit cards, including Visa, MasterCard, American Express, and Discover, and uses industry-leading security to protect user information and credit card data.
PayByGroup is the world`s leading group payments platform. It integrates with businesses` existing payment processors to provide consumers with a best-in-class group purchasing experience.
Vacation rental businesses that choose PayByGroup reliably capture extra marketing leads, screen renters more effectively, and boost their revenue with additional bookings. To learn more about adding PayByGroup to your business website, go to www.PayByGroup.com/business or contact Frank Langston at firstname.lastname@example.org.
About HomeAway Software
HomeAway Software is the leading provider of property management software for professional vacation rental managers. HomeAway Software solutions consist of powerful productivity tools that automate key vacation rental management tasks, streamline operations, and help vacation rental managers maximize their online potential through world-class websites, booking engines, and the industry`s leading distribution programs. HomeAway Software is part of HomeAway, Inc. AWAY the world`s leading online marketplace of vacation rentals.
i Derived from HomeAway traveler survey of average days to book (10.4). Survey conducted Q1 2012 of 2,199 participants.
ii Derived from calculation: 10% or more of bookings choose the PayByGroup option when booking; the average PayByGroup transaction containing 5 participants.
iii PayByGroup transaction volume in December 2014 versus January 2015.
iv Based on random sampling of PayByGroup merchants