Published on: 06 December 2018
Beds on Board, the sharing economy platform that connects guests and owners for stays on boats, revealed the total market opportunity of the boat accommodation sector ahead of its crowdfunding raise on Seedrs.
Beds on Board has worked with global marine organisations to identify that there are over 8 million suitable boats worldwide and that they are used, on average, less than 10% of the year. This represents 2.6 billion nights worth of inventory that can to used as accommodation through the peer-to-peer platform, satisfying demand for city-breaks, family staycations, romantic escapes and event accommodation.
Accommodation from the sharing economy accommodation alone is estimated to be worth £34 billion in 2018 satisfied by platforms such as Airbnb and Booking.com renting land-based accommodation options. Beds on Board’s differentiator is it’s focus - renting only boats, only as accommodation - and that it has agreements that exclude other platforms from operating in key locations.
Talking at the World Marina Conference in Athens, CEO Jason Ludlow said, “Beds on Board’s vision is to bring the boating lifestyle to the world, working with marinas to open up to new customers and to help grow the boating industry as a whole. There is a huge opportunity here, over 2 billion nights of opportunity, and Beds on Board are in position to unlock it.
These 2.5 billion nights not only represent a huge opportunity, they come from no new building or infrastructure. They do not threaten existing housing supply. They do not take anything from the local community; it’s completely new inventory, unlocked for the benefit of guests, boat owners and the travel economy, including marinas. In fact, helping marinas become destinations is a key part of our strategy as we go into 2019 on the back of this crowdfunding raise with Seedrs”.
Launched in 2015, Beds on Board was founded by Sir Peter Ogden, founder of Computacenter and Dealogic; Jason Ludlow, an RYA yachtmaster instructor who sold his marine hospitality business in 2014 and Tim Ludlow, former Production Director at Google.
To find out more, please visit the Beds on Board website here.