As the purchasing power of the millennials increases, so does their preference for the experience economy.
The boat rental business has proven its worth as a resilient business as even during the COVID-19 pandemic, the industry was able to thrive as people think of it as a safe means of leisure travel.According to Bryan Petro, the COO of online boat rental marketplace GetMyboat, many people discovered the thrill of boating for the first time during the pandemic.
Another statistic suggests that the Global Yacht Charter market is expected to reach $27.8 billion in the luxury segment by 2027 at a CAGR of 15%.Benefits of taking boat rental business onlineThe business to provide an online boat rental service is booming due to some inherent benefits it provides compared to the offline model.
A business providing boat booking services online can remove this hurdle by allowing boat lovers to filter out the best boat according to their requirements.An online boat rental booking service will help the tourists book the boat of their choice, whether it’s a party yacht, a honeymoon cruiser, or an adventure sailing boat.The benefits of an online boat rental service are not just limited to the people who rent the boats, but the boat owners also stand to gain a lot from the online boat rental service.
The backend of the boat rental mobile app solution will collect, categorize, and store all the data related to the boats securely, making it easily accessible to the administrators.
This boat rental system feature maximizes sales as the booking hours to rent a boat are not limited.Cuts manual workloadBoat rental and yacht management software solutions will eliminate a lot of manual workloads and optimize customer service.