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J Composites 2022 - J45 LEADERBOARD

Travel is returning - and so are boat rentals and charters

by GetMyBoat 17 Mar 11:00 PDT
Yacht charter and rental © GetMyBoat

As worldwide travel is slowly resuming after the impact of the pandemic, people around the globe are more eager than ever before to plan their adventures. A recent survey conducted by the Expedia Group indicates that 81% of respondents planned on taking a vacation with family and friends within the next 6 months. People are also planning to spend more, with 54% of respondents indicating that they intend to spend more money on their trips than they did before the pandemic.

"Travel is about to experience a year unlike ever before as people plan purpose-driven trips, value vacation time more, and up their investment in unique experiences," Expedia President Ariane Gorin said.

Online seamless booking

The increased interest in unique experiences is driving a demand for seamless technology to find and book these excursions and activities. People want the ability to compare their options with ease, using mobile apps that offer secure, contactless payments, direct messaging to their hosts, and the ability to read reviews.

GetMyBoat is a boat rental marketplace with a mobile app that connects people who want to rent boats directly to charter operators, boat owners, and captains. It's the largest platform of its kind globally, with over 150,000 listings across 9,300 destinations in 184 countries. The company has seen over 10x revenue growth in the past two years alone, and recently announced a $21M investment as a part of Series B funding and majority acquisition from Yanmar.

GetMyBoat's technology is making it easy to find and book amazing boat rentals and water experiences - everything from luxury yachts to sailing charters, pontoon rentals to jet skis.

Huge growth in holidays on the water

During the past two years, boating and water experiences have stood out as a preferred method of spending time with loved ones outdoors. Boating provides a secluded environment that people on holiday can share with just their travel companions. Boats can be a venue for rescheduling events that have been canceled, and they can be the highlight or top-of-the-itinerary item for people booking vacations and holidays in beautiful locations that are best enjoyed on the water.

Demand has skyrocketed, and has only been sustained as the world slowly reopens to travel. This increase in demand for boating experiences has had a significant impact on boat owners and charter operators, who have had to grow their fleets to keep up and use digital tools to run their businesses.

Consider this story from GetMyBoat operators in Wisconsin who joined the app in 2020 amidst the pandemic. With GetMyBoat, they were able to not only grow their fleet of boats, but they ended up purchasing the entire marina. They experienced an unprecedented amount of bookings and noted that the constant connection to their customers helped their business to explode.

Using GetMyBoat's technology to rent your own boat, or launch your own rental business

To capture these people returning to travel who are seeking adventures on the water - boat owners and charter operators should consider digitizing their businesses. The GetMyBoat platform is looking for more boat owners, charter captains, and boat rental operators to help meet the rising demand for water excursions in thousands of locations globally. GetMyBoat has a robust team of experienced account managers and customer service professionals to help owners join the platform and turn their boats into income-producing assets, or grow their existing boat rental businesses exponentially.

If you've been waiting for the perfect moment to bring your boat rental business online, or you've been wanting to try renting out your boat in a P2P space to make some extra money, 2022 is your year. More people than ever before want to rent boats, book charters, and experience the water, both at home and during their adventures. Capture this interest and turn your vessel into an income-generating asset. Grow your boat rental business and charter operations and access a thousands of customers who are using technology to find and book the activities and experiences they want to have around the world.

Want more information on how to join GetMyBoat? Click here.

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