New 'Airbnb For RVs' Platform Takes On $540 Million RV Rental Market With 25% In Savings And $50,000 For Renters

Despite rising demand for RVs, with over 72 million Americans planning to undertake an RV trip within the next year, 44% of RV travelers do not own an RV. Enter Wallabing: an innovative peer-to-peer RV rental marketplace connecting owners and renters, transforming the RV lifestyle. The Company is currently raising funds on Wefunder, which means anyone can invest in Wallabing for a limited time. 

Click here to invest in Wallabing. 

Launched in 2021, Wallabing capitalizes on the current RV market’s potential, which was valued at $546 million in 2020. The company’s rapid growth can be attributed to its unique approach of turning idle RVs into revenue-generating assets. With an average RV being used only 20 days per year, Wallabing offers a solution to millions of owners to generate upwards of $50K per year by listing their RVs for rent.

When compared to other rental options on the market, consumers can look to save as much as 25% compared to other existing solutions. 

Recognizing the market potential, Wallabing has remarkably increased its inventory by 628% in just six months. Their efforts have not gone unnoticed. The startup recently earned a semi-finalist spot in the 2023 Pepperdine Graziadio Business Schools’ Most Fundable Companies list.

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With the rise of flexible work schedules and a growing desire to travel more with kids and family, Wallabing is making it affordable for more people to explore the great outdoors. By offering a streamlined process, the platform is gaining popularity among Gen-Z and Millenials, who now form a significant driving force in RV rentals.

Wallabing’s business model is designed to benefit all involved. Like the original innovations of Airbnb Inc., Wallabing looks to capitalize on its original success by implementing a tech-forward approach to the outdated RV market. For renters, the platform offers an industry-low service fee of 10% and transparent pricing. For owners, Wallabing does not take any commission from their earnings, resulting in higher returns. This means consumers pay less and people renting out their RVs earn more.  

The company’s marketing strategies have paid off as well, with its PR campaign reaching over 201.3 million people, translating to an estimated ad value of $2 million and growing.

Looking ahead, Wallabing has set ambitious goals. Their five-year plan aims to feature 150,000 RVs on their platform. Through strategic marketing campaigns and further development of its marketplace, the company hopes to significantly increase its user base, driving more savings for its customers. For those looking to invest in Wallabing and join their journey, click here.

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