Published on Tuesday, January 25, 2005 launches commissionable vacation rental properties says its new is the first Web site allowing consumers to book instantly thousands of vacation rental properties that include condominiums, suites, villas and vacation homes.

Said Dan Proctor, vice president of vacation rentals at

“We live in bigger houses with more beds and bathrooms than ever before, so why should vacationers sacrifice space, privacy and comfort while on vacation?”

The company is also offering agents 5% commissions.

Mr Proctor says VacationSpot eliminates guesswork from bookings by supplying detailed descriptions, pictures, ratings and low price guarantees.

He said vacation rentals are a fast-growing business that represent $30 billion a year in revenues.

Report by David Wilkening

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Undercutting is not for the long-term. Demise of volume players.

The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.