Pet Sitters International Releases 2017-2018 Pet-Sitting Industry Forecast
“The forecast is created as a benefit for our members, but is also shared with the public to educate the pet industry at large, pet owners and prospective pet sitters about the value of professional pet-care services and the industry’s encouraging growth potential,” said Patti J. Moran, president of Pet Sitters International.
Pet Sitters International (PSI) in King, N.C., has released its 2017-2018 Pet-Sitting Industry Forecast. The report highlights the growth potential for professional pet care businesses, as pet ownership remains high in the U.S. and abroad, and as pet spending increases year over year. The report also explores the influx of newcomers in the pet care sphere and examines how the increased competition will influence industry trends as professional pet sitters seek to remain competitive in the tech-driven “sharing economy,” according to the organization.
PSI anticipates that this growing competition, particularly from “hobbyists” (individuals who may offer pet care, but do not operate legitimate, professional businesses), will influence the way professional pet sitters build and market their businesses in the coming year, the organization stated.
“Those currently in or now entering the professional pet-sitting industry face more competition—from both fellow professionals and hobbyists,” said Patti J. Moran, author of “Pet Sitting for Profit” and founder of PSI. “Fortunately, professional pet sitters also have access to more tools and resources than ever before, and PSI believes education is the key to helping them gain a competitive advantage in their local markets.”
For a limited time, PSI is offering the 2017-2018 Pet-Sitting Industry Forecast free of charge on the PSI website.
First published in 2012, the forecast utilizes data from PSI’s State of the Industry Survey, current market research, the association’s collective intellectual capital and knowledge from PSI’s more than 20-year history and nearly 7,000 member businesses.
“As the largest association for professional pet sitters, PSI has a unique opportunity to offer unparalleled insight into this niche industry,” said Moran. “The forecast is created as a benefit for our members, but is also shared with the public to educate the pet industry at large, pet owners and prospective pet sitters about the value of professional pet-care services and the industry’s encouraging growth potential.”
The 2017-2018 Pet-Sitting Industry Forecast shares proprietary industry data, including the average annual revenue for professional pet sitters. The report also includes demographic information used to develop data-driven profiles for the typical professional pet sitter and typical professional pet-sitting client.
To download the free report or to learn more about PSI, visit petsit.com.