Dec 16, 2024   SOURCE: PR NewsWire

Storable Drives Record Innovation and Impact Across Property Management Software in 2024

Technology adoption drives unprecedented operational efficiency and customer engagement across self-storage, marine, and RV and camping industries

AUSTIN, Texas, Dec. 16, 2024 /PRNewswire-PRWeb/ -- Storable, the leading provider of property management software tailored for the self-storage, marine, and RV and camping industries, today shared key milestones highlighting the growing adoption of technology solutions throughout 2024. The company's data reveals unprecedented momentum in digital transformation, with owners and operators increasingly leveraging automation and cloud-based tools to drive operational efficiency and enhance customer experience.

Self-Storage Innovation and Impact

In 2024, Storable's facility management software transformed the storage industry by:

    --  Powering 10+ million storage units
    --  Processing 82+ million tenant payments
    --  Facilitating 4 million move-ins
    --  Connecting 357,000+ new tenants through Marketplace

Performance Metrics

    --  35,000+ hours saved through automated collections processes
    --  $312 Million in revenue recovered through streamlined collections
    --  1.8 Million customer touchpoints managed
    --  65% average enrollment rate in tenant protection programs

Marine Sector Growth

In 2024, Storable Marine's technology solutions, Molo and Stellar IMS, transformed the marina industry by:

    --  Processing 300,000+ annual IMS transactions
    --  Managing 17,000+ rental units
    --  Reducing operator call volume by approximately 80%
    --  Streamlining operations through dynamic pricing, centralized accounting,
        and mobile applications

RV and Camping Technology Advancement

Storable entered the specialized hospitality technology space by joining forces with Newbook, the premier property management software for accommodation and hospitality providers, including RV parks and campgrounds.

This addition brings enterprise-grade capabilities to this growing sector and addresses its unique and evolving operational demands including:

    --  Total Guest Bookings: 6,927,020 (guest bookings from all of our
        customers)
    --  16M emails and SMS sent through Newbook (delivering streamlined guest
        communication)
    --  217k facilities hires through Newbook (+29% YoY) (providing memorable
        and unique experiences)
    --  383K SMS upgrade promotions sent (driving revenue opportunities for our
        customers)
    --  Comprehensive accommodation and reservation management
    --  Specialized solutions for the unique operational demands of RV parks and
        campgrounds
    --  Enhanced guest experience management tools

Strategic Growth Initiatives

2024 marked a year of strategic expansion for Storable as the company strengthened its technology leadership across all three core sectors. Through strategic platform expansion and continuous innovation Storable built a more comprehensive ecosystem of solutions to address the evolving needs of property operators:

    --  Integration of StorageAuctions.com created the industry's first true
        end-to-end delinquency management solution for self-storage
    --  Acquisition of Newbook established a strong foundation in specialized
        hospitality technology with Storable RV & Camping
    --  Enhancement of Storable Marine operations through Molo and Stellar
        platforms

"The remarkable growth and adoption we've seen across the company in 2024 demonstrates how technology is fundamentally transforming these industries," said Chuck Gordon, CEO of Storable. "As we continue to expand our platform and innovate across self-storage, marine, and RV and camping sectors, we're committed to leading the next wave of property management software that will define these markets in 2025 and beyond."

Looking Forward

The coming year will see continued investment in AI and automation capabilities across Storable, aimed at helping operators streamline daily operations and deliver exceptional customer experiences.

About Storable
Storable is the leading provider of property management software, powering the self-storage, marine and RV and camping industries. Storable is committed to pushing the boundaries of innovation, offering a suite of products that includes management software, marketplace, websites, access control, insurance, payments, and more. Storable takes pride in supporting operators and managers along each step of their journey and enabling them to achieve their operational goals. For more information, visit http://www.storable.com.

Media Contact

John Eidson, Storable, 2035617112, john.eidson@beantownmv.com, www.storable.com

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SOURCE Storable