Experience economy is increasingly seen as something of a bulwark against the rampant rise of internet and mobile technology. The notion that experiences are much more valuable than material items has gained wide currency off late. To prove our point, we want to shift the focus to the Boat Rental Industry, which happens to be a major contributor to the experience economy. The US boat rental market is forecast to surpass US $19.7bn by 2030, as the appeal for leisure boating and luxurious sailing experiences continues to move skyward.
The industry was even able to thrive during the COVID-19 pandemic by emerging as a safe and reliable means of leisure and travel, keeping the occupants far from crowded places. Boat rental businesses started handling bookings with the help of online rental software, providing a 100% contactless booking experience.
Bryan Petro, the COO of GetMyBoat, a boat rental marketplace claimed that during the pandemic, it felt like many people discovered boating for the first time.
According to him, there was "a 3900% increase in demand” for boat renting during the pandemic.
With significant profit-making potential in the online boat rental industry, the entrance of several new players is highly anticipated. In this blog, you will learn about the existing players of the boat rental industry, the working of a boat rental website, and many more aspects to help you launch your own boat rental business... DEMO POST