Outdoorsy, a leading outdoor travel marketplace, was named today as one of the top Travel & Hospitality companies in the 2023 Inc. 5000, an annual list of the fastest-growing U.S. private companies published by Inc. Magazine.
The ranking comes on the heels of the company achieving profitability and surpassing 1 million booked trips in June, or 7 million nights of booked travel. On Aug. 1, Outdoorsy exceeded $3 billion in total transactions – up from the most recent milestone of $2 billion in total transactions hit in October 2022 – effectively doubling its growth rate from 2021 to 2022. The majority of these increased earnings go straight into the pockets of Outdoorsy hosts and their households.
The Outdoorsy marketplace has seen bookings jump by 100% from 2019 to 2022 – the time period assessed by Inc. – with 76% of those bookings attributed to first-time visitors to Outdoorsy.com. Another key to Outdoorsy’s growth in that time can be attributed to its insurtech, Roamly, which underpins the Outdoorsy marketplace and is currently growing faster than 100% year-over-year.
“We are honored to be recognized in this year’s Inc. 5000,” said Outdoorsy’s co-founder and CEO Jeff Cavins. “We consistently seek ways to make outdoor experiences easier and inclusive for all, which means innovating new ways for individuals to restore their connection with both nature and one another.”
In 2023 alone, Outdoorsy expanded to include new ventures in the outdoor hospitality and accommodations space with the launch of Outdoorsy Stays in California which is expanding nationwide in 2024.
“The company’s steadfast dedication to prioritizing customer delight has led to the introduction of our proprietary branded campground destinations. Pioneering this initiative, we proudly present Outdoorsy Bayfield in Colorado and Outdoorsy Yosemite in California — the first destinations in our campground portfolio. This fall, we will also debut our highly anticipated Texas-based glamping retreat, Outdoorsy Hill Country,” said Cindy Strong, vice president of people. “One of our core company values is to ‘relentlessly serve our guests and partners.’ This commitment guides and inspires all of us and underpins our culture of success. I couldn’t be more proud of today’s recognition and the positive reflection this has on our team.”
Most recently, Outdoorsy launched its Oasis Fund — a $30 million initiative designed specifically to offer financing support for qualified entrepreneurs aiming to join the glamping movement by acquiring luxury glamping tents.
“One of the keys to Outdoorsy’s success since Day 1 has been a dedication to innovation and 2023 was a year of record results; however, in 2024, you’ll see us implementing new solutions that lead to growth and transformation in outdoor hospitality,” said Cavins.