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Homeowners Rent Rooms to Olympic Visitors in London with RoomFT

2012-02-22

February 22, 2012, Press Dispensary. With over one million visitors to London expected for the 2012 Olympics, and many seeking accommodation that’s already in short supply, capital homeowners are cashing in on the rental opportunities presented by the major sporting event. The accommodation shortfall is being alleviated by RoomFT (Room for Travellers - http://www.roomft.com ), which allows homeowners with spare rooms to rent them by the night.

Already, RoomFT has signed up 10,000 members who have started receiving bookings for the Olympics through its easy-to-use website. With rental periods ranging from one night to several weeks, homeowners can earn additional income from their property. The rental opportunities offered by RoomFT are ideal for targeting tourists, travellers and gap-year students. Registering a room is free of charge, and travellers can post accommodation requests for free as well.

Thanks to RoomFT, the average homeowner/member earns £200 from renting out their spare room for 10 days in a month. The website's most successful host, with a large property, has received 74 bookings and earned over £16,000 since joining the website in July 2011. Meanwhile, in a ‘win-win’ situation, travellers can gain comfortable accommodation world-wide that's easy to book and cheaper than a hotel.

Chris Ubah, founder of RoomFT, says: "This opportunity is too good to miss. With the current economic climate, it’s a good time for homeowners to join RoomFT. The ability to rent out a room for a short period,  even for just one night, is more flexible than taking on a lodger for six to 12 months."

Designed as part resource, part online community, RoomFT.com features: an advance payment system to weed out timewasters; a global hosts and travellers search featuring 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 webmail system; a room valuation tool; and a traveller's calendar. Thanks to the site, travellers can post a room request anywhere in the world and hosts can reply with details of their accommodation.

Chris adds: "With daily reports of a weak housing market, more homeowners are seeing their spare apartment, room or sofa as a chance to earn extra cash towards their mortgage and bills. And, with disposable income limited these days, travellers who are struggling to find truly affordable holidays can obtain home comforts, in diverse locations, at bargain prices. The UK isn’t the only thriving country amongst our subscriber base. RoomFT has attracted members from all over the world - from Argentina and Australia to Thailand and Turkey."

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Notes for editors
RoomFT is based in Central London. The company has four employees.

For further information, please contact:
Chris Ubah, founder
RoomFT.com
Tel: 020 7724 8824
Email:
Site: www.roomft.com

Media contacts

Chris Ubah, founder
Tel: 020 7724 8824
Email:
Site: www.roomft.com

Keywords/tags
room rental London 2012 Olympics accommodation London accommodation homeowner income

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