Airtasker sees the Australian service economy staging impressive recovery

Australia’s service economy is staging an impressive recovery from the pandemic lockdowns.

Australian digital and online marketplace, Airtasker, has revealed its gross marketplace volume (GMV) and crossed a record annualised run-rate of more than $200 million.

In the 2021 financial year, Airtasker’s gross marketplace volume was $153.1 million and yet key markets like Melbourne and Sydney were in restrictive lockdowns this year.

Airtasker anticipates growth in the service economy

The service economy initially saw a drop in activity as some services, for example residential cleaning, hairdressing and some non-essential building works were paused.

However, the service economy continues to bounce back, as experienced with Airtasker’s gross marketplace volume increasing more than 70% since lockdowns began.

Tim Fung, the Co-founder and Chief Executive Officer at Airtasker offered some insights.

“Airtasker’s economic data is showing that Australia’s local service economy is performing well and bouncing back strongly following the COVID-19 pandemic lockdowns.”

“It’s been a tough year and a half for many service providers across the country but we are heartened to see that as the nation reopens, activity is bursting back towards growth.”