, 2022-08-01 10:48:32,
Borrow A Boat – The latest trend in holidays? Chartering a yacht or boat is the latest rage in travel, with many inspired by popular TV shows like Below Deck.
The changing landscape of the industry in recent years due to factors like travel becoming more accessible and online services, has meant that the chartering industry has become increasingly competitive. So competitive in fact, that the marketplace is estimated to be worth $25 billion by 2027. It’s no wonder the industry has investors looking their way, who want to get a share in potential revenue that this explosive market will soon offer.
One company that’s definitely leading the way and making a name for themselves as of late is Borrow A Boat. The business founded in 2017 gives boat renters access to charters in places like the Mediterranean, the UK, North America, Southeast Asia as well as the Caribbean.
With 35,000 boat listings in over 65 countries over the globe, Borrow A Boat, which began as the ‘AirBnB’ of boats, is becoming one of the key players in the industry, and has received accolades and top reviews from the world’s leading publications like The Guardian, Boat International, Yachting World and Superyacht News.
The story behind Borrow a Boat
When Borrow A Boat’s journey began back in 2017, it all began with an idea by serial entrepreneur Matt Ovenden. An experienced boater and sailor, Matt is also known as a Fellow of the Institution of Mechanics as well as being a Chartered Mechanical Engineer with an MSc in Innovation and Design for Sustainability.
Matt launched his first company — an energy and sustainability business called Bright Green Shoots back in 2009. Green shoots worked to help other organisations and businesses embrace sustainable innovation and ‘green’ energy. He later launched two other companies through Bright Green Shoots; Free Wind ltd in 2011 and Free Island Energy in 2014.
His idea for BorrowABoat came from what he saw as a gap in the marketplace – and an untapped customer base, which included those who hadn’t been interested in yachting in the past, either due to how challenging it seemed to make a booking or limitations around the seven day charter. When launching Borrow A Boat in 2017 it quickly became known as the ‘Airbnb’ for chartering yachts. Matt’s team soon reached out and moved the business beyond it’s first iteration, including traditional yachting suppliers and accessing the super yacht sector. This grew their customer base…
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