GetMyBoat predicting strong summer for rentals
GetMyBoat, the world’s largest boat rental and water experience marketplace, has reported record business growth in 2021. From January through April 2021, GetMyBoat says it achieved 700% year-over-year growth, with the rate accelerating each month as restrictions started lifting from the pandemic. The company also added that the growth has been entirely organic.
GetMyBoat is currently reporting an annual run rate (ARR) in excess of $158m, putting the company on pace to send over one million people boating before the end of 2021. There has been a dramatic surge in demand for water experiences, which has led to customers confirming boat reservations every few minutes on the platform. To meet renter demand, GetMyBoat has also brought on thousands of new boat operators and is helping them find new customers and grow their boat fleets. The company expects bookings to double during the busiest summer months.
“2021 is off to an incredible start with tremendous, pent-up demand,” says Bryan Petro, COO. “There has always been a significant desire for boating experiences, but last year really amplified the need for customers to get out on the water quickly, easily and safely.
“Due to travel limitations and lockdowns that continue in other parts of the world, I’m excited to say we have not yet come close to tapping our full potential. Many global markets are still at least partially closed, and we expect that our business will further increase in the coming months as more locations ease restrictions.”