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Homeowners to Profit Despite Credit Crunch. RoomFT (Room for Travellers - ), a website matching tourists and visitors looking for a crash pad for as little as 1 night with homeowners looking to cash in on a spare room, has signed its two thousandth member less than 7 months after launching in November 2007. The first website of its kind, RoomFT now has members in more than 60 countries and has 1,800 rooms on offer.

London, United Kingdom, July 06, 2008 --( With daily reports of rising prices and a weakening housing market, more homeowners are seeing their spare apartment, room or even sofa as a chance to earn extra cash towards the mortgage and bills. And tourists and visitors struggling in the search for truly affordable holidays can find home comforts at bargain prices and a wide choice of accommodation across the world.

Hosts can offer their property for any period from one night to several weeks,
providing an ideal alternative to restrictive six-month tenancy deals for tourists, travellers and gap-year students. Registering a room is free and travellers can also post accommodation requests without charge.

Daniel Baum, marketing director at RoomFT, says: “Amidst increasing bleak reports of mortgage arrears and repossessions, we buck the trend with a positive housing market. Homeowners joining RoomFT could earn up to £4,250 a year tax free (in the UK) from renting spare accommodation.”

More than 15 million people in Britain currently own homes with at least one spare bedroom and, on average, British people only have guests six times a year*. Daniel Baum adds: “As mortgages rise, so do the costs of all those spare rooms. It makes sense to make them pay for themselves.”

And it's not just UK properties that are up for grabs: RoomFT has attracted hosts and members from over 60 countries, from Argentina and Australia to Thailand and Turkey. Thanks to the site, travellers can post a room request anywhere in the world and hosts can reply with details of their accommodation.

Designed as part resource, part online community, 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.


Contact Information
Chris Ubah
020 7724 8824

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