Camplify Holdings Limited (ASX:CHL)
Camplify Holdings Limited (ASX:CHL) is a peer-to-peer digital marketplace connecting recreational vehicle (RV) Owners to Hirers. Camplify offers a diverse network of RVs for rent including campervans, caravans and motorhomes.
Camplify has grown to become a leading RV rental platform, with one of the largest RV fleets in Australia. The company's marketplace has facilitated over 50,000 bookings, helped Hirers enjoy 1.5 million nights away and distributed over $35 million to RV Owners in Australia, New Zealand, the UK and Spain. Camplify receives a fee for facilitating the transactions and generates additional income from complementary products.
In Australia, Camplify has amassed over 5,400 RVs from the 740,000+ RVs registered in the country. The Camplify business model has allowed this growth without the cost required to build or own a fleet or maintain rental locations.
The success of Camplify is based on keeping Owners and Hirers happy through exceptional customer service. Camplify will continue to prioritise investment in the platform to realise cost and operational efficiencies, while maintaining superior customer service.