Camplify reports rising rentals
Peer-to-peer RV rental platform boasts strong growth despite tourism headwindsOnline sharing platform Camplify is capitalizing on the COVID caravanning boom, reporting a substantial year-on-year jump in rental transactions and listings for the fourth quarter of the 2021-22 financial year.
The ASX-listed RV business reported $17.7 million in transactions for the quarter, up 82.8 percent over last year's corresponding period.
The number of customers also grew by 67,180, partly due to the acquisition of rival platforms Mighway and ShareaCamper, while its total RV fleet grew to 9926; a year-on-year increase of 61.11 per cent.
"Despite continued impact of COVID and impact of Australian East Coast widespread flooding, Camplify continued its pattern of growth and scale," the NSW-based company told shareholders.
Camplify also said it held $14.78 million in future bookings (up by more than 112 per cent over last year's corresponding period) and reported "significant growth numbers" in all regions it operates, including the UK, France and New Zealand.
Unaudited total net revenue of $5.6 million was reported for the quarter.
Founded in 2015, Camplify is one of Australia's leading peer-to-peer RV online rental platforms, and listed on the Australian Stock Exchange in mid-2021.
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