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Homeowners Beat the Credit Crunch with 'Rent a Spare Room by the Night' Scheme at Room for Travellers

2007-12-05

December 05, 2007, Press Dispensary. Ever wanted a short term crash pad and couldn't find one amongst all the six month tenancy deals? Or you have a spare house, room or even a sofa to offer global travellers, to earn extra cash to help pay the mortgage and bills and beat the current ‘credit crunch’? Now, those seeking and offering short term accommodation can come together in one place at RoomFT ( Room for Travellers - http://www.roomft.com ).

The first website of its kind, RoomFT is encouraging hosts from all over the world to sign up to the scheme. Homeowners can boost their income by renting out their spare room, flat, house or couch to tourists for any period from one night to several weeks. Meanwhile, gap year students and travellers can gain comfortable accommodation world-wide that's easy to obtain and cheaper than a hotel.

Daniel Baum, marketing director at RoomFT, says: "Over 15 million people in Britain currently own homes with at least one spare bedroom*. While homeowners claim to buy a property bigger then their needs because they wish to have friends or relatives stay, on average British people only have guests six times a year**. So, this leaves a lot of spare accommodation that could be put to good use and earn the homeowner additional income without doing any hard work. With up to £4,250 a year tax free, this opportunity is too good to miss.”

Within a couple of weeks of going live, RoomFT has already attracted hosts and travellers from over 30 countries, including: UK, USA, Australia, Canada, New Zealand, South Africa, Argentina, Bahamas, Barbados, Brazil, China, Costa Rica, Croatia, Czech Republic, Israel, France, Germany, Greece, Italy, Mexico, Panama, Peru, Philippines, Portugal, Singapore, Serbia, Sweden, Thailand and Turkey.

Designed as part resource, part online community, Roomft.com features: a global hosts and travellers search with Google mapping and amenities; profile pages for hosts and travellers with their own personal URL; ratings and guestbook features; a calendar showing room availability and travellers' room requests; a verification option for hosts and travellers; a web mail system; a room valuation tool; and a traveller's diary and agenda. Thanks to the site, travellers can post a room request anywhere in the world and hosts can reply with details of their accommodation.

Daniel Baum adds: "With the recent increase in mortgage arrears and repossessions, it is timely for homeowners to join RoomFT. The ability to rent out a room for a short period of even just one night is much more flexible than taking on a lodger for six months to a year.

"The lack of hotels during the recent England and South Africa rugby match in Paris revealed how easily accommodation fills up during major events. The same problem will certainly arise in London during the 2012 Olympics. It makes sense for private individuals to benefit by offering whatever space they have to spare."

*and ** http://www.travelodge.co.uk/press/article.php?id=177

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Notes for editors
RoomFT is based in London and was established in April 2007. The company has six employees.

For further information, please contact:
Daniel Baum, marketing director
RoomFT.com
Tel: 020 7724 8824
Email: , ,
Site: www.roomft.com
Christopher Ubah, operations director
Tel: 020 7724 8824
Mob: 07956 245092
Email:

Geoffrey Hollander, finance director
Tel: 020 7724 8824
Email:

Media contacts

Daniel Baum, marketing director
Tel: 020 7724 8824
Email: , ,
Site: www.roomft.com
Christopher Ubah, operations director
Tel: 020 7724 8824
Mob: 07956 245092
Email:

Geoffrey Hollander, finance director
Tel: 020 7724 8824
Email:

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