Camplify has built a platform that delivers a seamless and transparent experience for consumers and potential RV Hirers to connect with RV Owners and SMEs with a fleet of RVs. A wide variety of caravans and campervans are available on Camplify.
Camplify operates in the RV rental market. Camplify is an online platform and differs from a traditional RV rental agency as Camplify does not own or hold product inventory, or require physical retail outlets but acts as an intermediary to connect Owners and Hirers.
The characteristics of the Hirer and Owner demonstrate a growing community of customers who are likely to use P2P platforms such as Camplify. As at January 2021, there were approximately 741,000 RV registrations in Australia, indicating a substantial number of available RV assets that Camplify can potentially capture and make available for rent. Over the past 5 years since 2015, approximately 141,000 caravans have been added representing a 26.7% increase over this period.
During the year to September 2020, even with limited international tourists due to COVID-19, 40.7 million nights have been spent camping and at caravan parks by tourists in Australia, indicating a strong demand for domestic tourism.
It is anticipated that CHL will list on the ASX during May 2021.
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