- Camplify has observed a large surge in activity since acquiring the two peer-to-peer motorhome and campervan rental platforms from Tourism Holdings (NZX: THL) in May for a combined $7.37 million.
- Revenue was up 112% to $14.2 million as of 31 May compared to the same period last year
- Year to date, we’ve received $14.81 million in future bookings in the system.
Camplify (ASX: CHL) announced a positive performance across the business in its latest market update, with ShareACamper clients already converted to its platform and the Mighway migration due to be completed in the coming weeks.
Camplify has observed a large surge in activity since acquiring the two peer-to-peer motorhome and campervan rental platforms from Tourism Holdings (NZX: THL) in May for a combined $7.37 million, which corresponded with New Zealand opening up to foreign visitors.
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Revenue was up 112% to $14.2 million as of 31 May compared to the same period last year, with a quarter of campervan hirers (up from a fifth) now repeat bookers, indicating customers are happy to re-engage with the platform.
The Newcastle-based company feels consumer confidence in the business is improving as it shares its future booking numbers for the first time, which were previously kept hidden due to the uncertainty around COVID regulations.
“Year to date, we’ve received $14.81 million in future bookings in the system. That figure was $7.57 million the year before, so almost double the number of bookings this year,” Camplify CEO Justin James told Business News Australia.
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“The way that our system works is we recognise the numbers once the booking takes place, indicating that people have paid for the booking and intend to go on a trip, generally speaking, in the next 12 months.
