Boatbay Establishes Boat Rental Marketplace for Asia Pacific and Middle East

Boatbay has established one of the first boat rental marketplaces in Asia Pacific and the Middle East.

With the average boat owner using their boat for just 15 days a year while spending a fortune in storage and maintenance fees with no way to offset these costs, Boatbay lets an owner earn money out of his or her boat, while making quality lifestyle boating more affordable to others.

Tim Gundry, co-founder of Boatbay, said, "The expenses really add up. The advantage of using Boatbay is that you can offset these expenditures while still enjoying boat ownership."

Boatbay allows boat owners and boat charter companies to list their boat at no cost. All the boat owner has to do is to add some photos, a description, contact information and pricing. The owner can rent or charter their boat with themself as the captain; or select a captain of their choice or rent to someone with a boat license.

Boat renters can browse listings across their chosen destination, find a boat they like, select dates and book. Boatbay takes a small commission on consumed bookings and the owner gets the rest. Boat rental rates vary according to the size of the boat ranging from a few hundred to a few thousand dollars.

"A wide variety of watercraft can be found on Boatbay. Boat renters can search and rent a luxury motor yacht in Sydney, a sports fishing boat in Dubai, a 1906 Danish built sailing yacht in Phuket or even a submarine in Bali," Tim added. "We are seeing an increasing amount of people taking to the water for a growing variety of reasons, such as hosting a corporate event or birthday party, fishing, water skiing, recreation and family holidays. Recreational boating is a $50 billion dollar industry and Boatbay enriches people's lifestyles by enabling fresh social experiences. A 24 foot boat that costs $35,000 to buy is available on Boatbay for rent as little as $150 a day."