New Survey Reveals Pet Sitting is a Growing Business
Pet-sitting businesses generated more than $440 million in revenue from 22 million-plus pet-sitting assignments last year, according to a new survey released by Pet Sitters International (PSI).
The organization's 2018 State of the Industry Survey further indicated that the average annual revenue generated by PSI's nearly 6,000 member businesses was up approximately 25% over a two-year period ($75,658 in 2017 vs. $60,625 in 2015). The findings were cause for optimism about the potential for further growth within the pet-sitting business, explained PSI founder and president Patti J. Moran.
“With these results, it’s not surprising that nearly three-quarters of PSI members indicated a ‘positive’ or even ‘sky’s the limit’ outlook for 2018-19, and we agree,” she said. “The need for pet-care services continues to grow and as pet owners become increasingly savvy in their pet-care choices, professional pet-sitting and dog-walking businesses will be in even higher demand.”
PSI conducted its survey exclusively online from January 23, 2018, to February 26, 2018. About 28 percent of the organization's member businesses contacted completed the survey. PSI uses the survey results to develop an accurate PSI member profile and to examine pet-sitting industry trends. Data on types of pets cared for, services offered and standard pet-sitting rates are also compiled. The association plans to share additional survey data throughout the year.