GetMyBoat exceeds $158m annual run rate

US: Boat rental and water experience marketplace, GetMyBoat, has reported record business growth in 2021, building on the company’s growth last year.

From January to April 2021, GetMyBoat achieved 700 per cent 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.

Having launched in 2013, GetMyBoat is currently reporting an annual run rate [ARR] in excess of $158 million, putting the company on course to send over one million people boating before the end of 2021.

In response to a dramatic surge in demand for water experiences, and in order to meet renter demand, GetMyBoat has 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.

GetMyBoat COO Bryan Petro said: “2021 is off to an incredible start with tremendous, pent-up demand. 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,” he added.

With summer approaching in the United States and Europe, the demand for local, outdoor experiences is booming.

With the majority of the world’s population living near the water, GetMyBoat wants its community to be able to enjoy water activities without travelling far from home.

For people who are taking advantage of opening travel markets, boating is seen as an ideal activity for staying isolated from crowds while enjoying a new place. The ease of access to boating experiences through the GetMyBoat platform has brought much-needed relief to many people during the past year of uncertainty.

GetMyBoat has more than 130,000 listings in 184 countries and over 9,300 locations. It seeks to empower owners of every type of boat, from kayaks to sailboats to motorboats, to post their watercraft for rent or charter for free.