iTrip Transforms Vacation Rental Industry

NASHVILLE, TN, February 09, 2011

iTrip is giving displaced professionals a unique opportunity to reposition themselves in today's new economy with a proven business model.

As the visionary vacation rental management company steers its industry in a new direction, vacation property owners and consumers are taking notice of iTrip's advantages. This momentum has resulted in iTrip's expansion into 20 territories in just its first three years of licensing. The dynamic business opportunity is catching the attention of experienced professionals seeking to transition into entrepreneurship.

"Like other forward-thinking companies, iTrip aims to change the course of our field in a way that makes life easier for anyone who owns, manages or travels to vacation rental properties," said Tom Bissmeyer, one of three founding members of iTrip. "We've created a winning business model that can be easily replicated here in the United States and practically any place where people own vacation properties."

Bissmeyer, Steve Presley, and Todd Morrison, all proven successes in the real estate industry, created iTrip, leveraging advanced Internet technology to bring down transaction prices, lower overhead and pass savings of up to 25 percent on to vacation property owners.

"As travelers become increasingly comfortable booking vacation stays online, iTrip is poised to take the leadership position in the vacation property rental sector," said Presley, a founding member of iTrip and longtime vacation property owner who saw the need for management improvement at his own property. "We're driving efficiencies through technology, and everyone comes out happier because of it - the vacationer, the property owner and iTrip's licensees."

In addition to consumers' growing preference and acceptance of online booking, iTrip's emergence onto the vacation rental management scene comes amid several contributing factors, which have helped create an environment conducive to the company's growth. First, there were billions upon billions of dollars worth of vacation properties built during the last decade. Next, the popularity of multi-family, multi-generational travel lends itself to vacation rental property bookings. Rather than hotels where multiple rooms would need to be booked, vacation rentals offer increased social opportunities, cost savings and security. Lastly, baby boomer retirees are growing in number, and more and more often seek to book vacation property stays.

Ideally suited for today's economic environment as a low-barrier to entry investment, iTrip's expansion plans call for licensing growth into vacation areas spanning North America and beyond.

"While business has been brisk and we already have several dozen territories open, there are still numerous key resort destinations available such as Hilton Head, Naples, Amelia Island, Maui, Wine Country and many more," said Morrison, who built the online infrastructure for the company's booking site iTrip.net. "Plus, the supply of vacation properties that need management is abundant and demand from consumers is growing."

Scalability is also an attractive aspect of the iTrip business model. If desired, licensees can grow their property management business to 100 units and beyond. Properties under management range from one-bedroom condos to multi-million dollar, 4,000 to 5,000 square-foot homes.

Licensees benefit from the efficiencies of the iTrip system and online platform, which include self check-in and check-out digital locks on all properties and automatic e-mail communication sent directly to vacationers with easy to read instructions.

Complete with initial and ongoing training and marketing support, ownership in iTrip includes access to the company's proprietary software. Company expansion commands growth with professionals that live in vacation markets or within a four hour drive, have 20-plus years of corporate experience and a desire to replace six-figure salaries that may have been lost through forced downsizing or through chosen career changes.

About iTrip
iTrip is a full-service international vacation management and rental company that uses technology and online efficiencies to pass savings on to consumers and property owners. Former real estate executives Tom Bissmeyer and Steve Presley, along with technology expert Todd Morrison are the three partners leading the company's global expansion through a well-planned licensing program. The leadership team's experience provides the foundation for a finely tuned business model that represents the future of the vacation rental management industry. For more information and to learn more about license opportunities, please visit http://www.itripbusiness.com/ or call (303) 726-3500. To book stays at one of iTrip's vacation properties please visit http://www.itrip.net/ or call 1-888-my-iTrip (694-8747).