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SYS-CON MEDIA Authors: Lori MacVittie, Elizabeth White, Eva Belanyiova, tru welu, Blue Box Blog

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GetMyBoat is Number One in the Boating Peer-to-Peer Rental and Charter Market

GetMyBoat, leader of peer-to-peer boat rentals and charters, has claimed the title as the worldwide leader in the space. Launched in January 2013, GetMyBoat has steadily added over 200 boats a week worldwide, which will give them a year-end tally of over 11,500 boats in 1,100+ cities, 80 countries, and 49 US states. With such rapid growth, seasoned sailors and new boaters alike now have the opportunity to try any type of desired watercraft, from a kayak in California to a catamaran in Croatia. Every boat owner listed with GetMyBoat now can reach a global audience and marketplace with their watercraft.

Similar to companies like Airbnb and Uber that are planted in the sharing economy and favor an “asset-light” lifestyle, GetMyBoat allows boat owners to make additional income on their otherwise underused watercraft. In the United States alone, boat owners only use their boat an average less than 8% of the year. GetMyBoat also makes boating accessible and affordable by allowing boaters to only pay for a boat when they need it, removing the necessity and high cost of ownership. In the spirit of accessibility and ease of use, GetMyBoat recently launched apps for both Android and iPhone so that boat lovers and owners have access to boating — all from the palm of their hand and on the go.

While using GetMyBoat, boat owners can list photos, video, and specifications for their boat, as well as price by the hour, day, week, or even per person. In addition to offering a secure peer-to-peer marketplace for boat owners and renters, GetMyBoat provides educational boating content (videos and articles) to teach their users boating safety, etiquette, and essential skills in its online Resource Center. As a result of the model, twenty-foot speed boats rent for as little as $200 a day, about a third of what one might pay at a marina rental agency. Unlike others in the industry, GetMyBoat does not take fees for each confirmed rental.

“In the ‘60s, there was communal living. Today that has morphed into ‘collaborative consumption’. It’s the perfect blend of being asset-light while at the same time being able to make money. It’s where our society is headed,” said GetMyBoat Co-Founder and CEO Sascha Mornell. “GetMyBoat has far surpassed initial expectations for year one, making it the leader in the boat sharing space. As a comparison to the leader in the collaborative consumption space Airbnb, which had 4,000 listings in its first year, GetMyBoat already has over 11,500. We’re incredibly grateful to all our users and customers that put their faith in our product, and we are anxious to continue expanding our international coverage and improve our mobile presence in 2014.”

GetMyBoat by the Numbers

These numbers are on an annualized basis from a 3-month sample

  • 500 reservation booked
  • Total reservations $1,000,000
  • 20+% of traffic from mobile

End of year one metrics

  • 11,5000 Boats listed
  • 1,100 Cities
  • 80 Countries
  • 49 US States

“Thanks to all the hard work of our employees in helping make GetMyBoat’s first year a memorable one,” added Bryan Petro, Head of Product. “2014 looks to be extremely promising and we’re going full steam ahead in the new year.”

About GetMyBoat

GetMyBoat is the world's largest and fastest growing community-driven boat rental and charter marketplace. Owners on GetMyBoat rent or charter out their underutilized watercraft — from kayaks to catamarans, powerboats, and sailboats — in more than 1,100 locations worldwide. Boaters browse watercraft that meet their specifications and budget, then reserve them online or via mobile phone. With 11,500 watercraft listed, in over 80 countries, GetMyBoat enables amazing boating experiences, one boat at a time. Like us on Facebook, Follow us on Twitter, Watch us on YouTube, and Follow us on Pinterest.

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