Sharing economy boat rental platform CharterClick expands into Europe

Sharing economy boat rental platform CharterClick expands into Europe

An online booking portal for boats has gone live in Europe after starting out in Dubai.

CharterClick’s European division will be based in Cyprus, and the website now has listings in Larnaca, Limassol and Latchi in addition to its offerings in the UAE (Dubai and Abu Dhabi), Miami, Thailand and Oman.

It plans further expansion in Europe, and suggested Italy, Croatia and Spain could be among future destinations.

The sharing economy platform has options to browse via yachts, speedboats or fishing boats and has an online booking and payment facility.

The company quoted Future Market Insights data which suggests the revenue from the European yacht charter market will grow 1.4% in the next ten years.

In 2015, it says, Europe’s share of the market was 70% – the largest share in the world.

The global yacht market, it adds, is set to be worth $52 billion by 2020 and noted that Greece, Turkey and Thailand are among the most popular countries for boat hire.

CharterClick, which launched in Dubai in November 2016, says it was the first site to bring boat rental to the sharing economy market – following sector leaders like Airbnb and Uber.

“The Cyprus launch is an organic continuation of CharterClick’s plan to provide our services anywhere in the world.” says Nick Doroshenko, CharterClick’s business development executive. “After establishing our operations both in UAE and Oman, we continued researching the global yacht market, and instantly realized that we should be moving towards European expansion.

“Having the biggest yacht charter market share in the world, European business segment sure seems like the right next step for us, if we really want to go global. We chose Cyprus as our first European destination for two reasons – size of the territory and overall location. The island is not that big, which gives us a perfect opportunity to gradually increase the size of our European fleet, while still keeping that personal touch CharterClick has become famous for. And being located in the Eastern Mediterranean region, Cyprus’s tourist flow can still be considered relatively low, in comparison with Italy, Croatia or Spain. But you can surely expect us there as well really soon.”

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