Boatsetter and GetMyBoat are projected to achieve over $100 million in combined bookings in the current year. This growth reflects a significant demand for boat rental services, highlighting a broader trend in the recreational boating industry. Both companies have positioned themselves as leaders by offering diverse and accessible options for consumers looking to enjoy water activities.
Boatsetter provides a platform for boat owners to connect with renters, facilitating a wide range of vessels from personal watercraft to larger yachts. Similarly, GetMyBoat operates in a comparable capacity, helping users find and book boats for leisure and adventure purposes. The rise in popularity of these platforms can be attributed to an increased interest in outdoor activities and an emphasis on experiential travel.
As the boating rental market continues to expand, both companies are investing in technology and customer service enhancements to streamline the booking process and improve user experience. The ongoing recovery from the impacts of the COVID-19 pandemic has also played a crucial role in this resurgence, as more individuals seek safe outdoor recreational opportunities.
Overall, the trajectory of Boatsetter and GetMyBoat signals a robust growth phase within the boating rental market, reflecting changing consumer behaviors and preferences.
Why this story matters: The growth in boat rental bookings underscores a booming sector within the recreational economy.
Key takeaway: Boatsetter and GetMyBoat are leading a significant rise in boat rental services, with projections exceeding $100 million in bookings for the year.
Opposing viewpoint: While the industry is growing, concerns regarding environmental impacts and over-regulation of waterways persist.
