UK sharing economy platform Beds on Board has acquired its French competitor Boatyng in a deal it says makes it the “world’s leading provider of boat accommodation”.
The firm, which launched in 2015 and earlier this year outlined plans to bring one million beds to the tourism market, operates on the Airbnb model.
Buying out Boatyng adds “thousands” more beds on boats to the peer-to-peer platform’s inventory, in marinas and waterways across France and Europe.
Beds on Board says that it sees France as a key market, citing research that suggests 20% of the 75% of Britons planning to travel abroad plan to head across the channel.
Co-founder Jason Ludlow said: “This is a major step in our growth and a really exciting addition to the Beds on Board story. We already have boats in more than 60 countries and this strategic deal will give immediate benefits to boat owners looking to offset the cost of ownership and guests wanting to holiday in France.
“The sharing economy gives people access to things they couldn’t access before. With us that’s boats and staying on a boat offers great value from budget breaks to luxury coastal stays or city chic ‘boatrooms’.”
Beds on Board was founded in 2015 by Sir Peter Ogden and brothers Jason and Tim Ludlow.