Federico Folcia is a Italian entrepreneur who loves to travel but sick of hostels and dingy budget hotels and the typical cookie-cutter hotel rooms. Enter the idea of matching travelers for alternatives to hotels for residential accommodations with a local flavour, Roomorama.
Together with his partner, Jia En Teo, Roomorama.com enables anyone to rent out their property to travelers looking for short-term stays. He will be speaking about travel in a panel discussion at Echelon 2012 this June.
“We launched Roomorama out of our own needs when traveling. My partner and I love to travel but we were tired of hostels and dinky budget hotels. However, we didn’t want the typical cookie-cutter chains and we couldn’t always afford the exclusive boutique hotels either. We were always looking for options that were not only value-for-money, but that would also offer a local flavour.
At the same time, we were renting out our own place to travellers while we were away, and making good money doing so. We realised that this was a gap in the market that needed to be filled of matching travellers looking for alternatives to hotels with the owners/providers of such accommodation,” said Jia En Teo, the Co-founder of Roomorama.
There is more to travel with Roomorama
With Roomorama, New Yorkers can rent out their apartments for a few weeks – or even a few days – to visiting tourists, students, or small-business travelers. Hosts can upload photos, manage inquiries and reservations, and collect payment through the site. It is the perfect way to make back some rent money while you are on vacation yourself.
Roomorama is a leader in short-term rentals, with listings in over 500 destinations around the world. With a secure and streamlined transaction process, Roomorama makes it easy for travelers to find and book affordable accommodation from locals.
Roomorama has 35,000 properties worldwide. In an interview with New Straits Time, he said, “We are pioneers in a new market and have given people confidence to rent from or to a stranger. We have enabled travellers to live like locals wherever they go.”
Federico Folcia (CEO & Co-founder of Roomorama.com) Speaker at Echelon 2012
Federico Folcia (CEO & Co-founder of Roomorama.com) is one of the awesome speakers at Echelon 2012. This tech conference is a two-day, double-track event on 11 and 12 June 2012 with over 1,100 delegates, a demo pit of up to 50 regional startups per day and various workshops. Get your tickets now!
Roomorama is an online marketplace for guests to search rental listings, or post notices for short term rentals to find hosts.
Undisclosed Series B Investors:
Vickers Venture Partners