2019-2030
2022
2023
2023-2030
2019-2021
CAGR of 5.5% from 2023 to 2030
Value (USD billion)
Fortune Business Insights research report says that the market was valued at USD 7.22 billion in 2022 and is projected to reach USD 11.06 billion in 2030.
The market is expected to register a CAGR of 5.5% during the forecast period.
Growing popularity of recreational yachting and marine tourism activities will drive the global market growth.
Europe led the market in 2022.
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The global yacht charter market size was valued at $7.22 billion in 2022 & is projected to grow from $7.59 billion in 2023 to $11.06 billion by 2030
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When contemplating the possibility of investing in a luxury yacht, questions often arise as to what kind of return an owner can expect on their investment beyond a fun and exciting experience out on the open water.
In this article, we’ll answer the question whether or not a regular yacht owner can rent it out and expect to make a profit out of it.
Owning a yacht and chartering it are two completely different things. If you don’t own a yacht yet, the issue is even worse. Here are some valuable reminders.
The initial cost of purchasing a yacht is high, and it is just the beginning. One must also take into account the maintenance and operation costs that come with owning a yacht. The operation costs include the cost of fuel, mooring fees, crew salary, communication expenses, yacht insurance, and P&I. These costs alone can quickly add up and make up a significant portion of the expenses associated with owning a yacht.
On top of the operation costs, one must also consider the maintenance cost. Keeping a yacht in top shape requires a considerable investment in shipyard costs, replacing broken parts, painting, and regular cleaning. Ongoing maintenance is essential to keep the yacht seaworthy and in excellent condition.
To know more, read: How much does it really cost to own a yacht?
Before investing into a yacht and charter it, it is crucial to thoroughly research the regulations and requirements for operating a charter business in your specific location.
This may involve obtaining various licenses and certifications, as well as adhering to safety and liability standards. You’ll also need to carefully consider your target market, pricing strategies, and marketing efforts.
Building strong relationships with brokers and other industry professionals is also the difference between a profitable yacht charter venture and one that follows the sunk costs fallacy.
So, although entering the charter business can seem profitable and easy at first glance, it does requires careful planning and a commitment to even get started.
To an outsider, chartering a yacht can almost seem like a good passive income source. But it is rarely the case.
A yacht charter is a service that involves a lot of work if you intend to do it yourself: hiring a crew, doing the maintenance of your yacht, preparing food & beverage, getting moorings… the list of tasks can be very long. If you are not from the industry or if you intend to rent your yacht as a side hustle, you will quickly realize why people use the services of yacht brokers !
While owning a yacht available for charter can be an exciting venture, there are several drawbacks to consider. These include:
As we mentioned before, owning a yacht is a significant financial commitment. The initial purchase cost, along with ongoing expenses such as maintenance, crew salaries, insurance, and berthing fees, can be substantial.
If the yacht does not generate enough charter bookings, it may become a financial burden rather than a profitable investment.
The demand for yacht charters can be seasonal and location-dependent. If your yacht is based in an area with limited charter seasons or faces high competition during peak times, it may be challenging to secure enough bookings to cover the costs.
This can result in periods of low or no income.
Chartering your yacht means it will be used by different groups of guests. This can lead to increased wear and tear on the yacht’s interior, equipment, and systems. Regular maintenance and repairs are necessary to keep the yacht in good condition, which can add to your expenses.
When your yacht is available for charter, it may limit your personal use of the vessel. Popular charter periods may coincide with times when you would like to enjoy the yacht privately. Balancing personal use and charter bookings can be a challenge, especially if you have high expectations for personal enjoyment.
Alternatively, every time you use your yacht, it’s a yacht charter income revenue that is automatically lost.
As a yacht owner offering charters, guest satisfaction becomes crucial. Ensuring a positive charter experience requires careful management, including hiring and training competent crew, maintaining high standards of service, and addressing any guest concerns or issues promptly. Meeting guest expectations can be demanding and time-consuming.
Operating a yacht for charter involves complying with various regulations and legal requirements. These can include safety inspections, licensing, tax obligations, and compliance with local maritime laws. Staying updated and compliant with these regulations can be complex and may require professional assistance.
The yacht charter market can be influenced by economic fluctuations and changes in consumer preferences. Economic downturns or shifts in travel trends can impact the demand for luxury yacht charters. It is essential to monitor market conditions and adapt your charter business accordingly.
It is crucial to carefully evaluate these drawbacks against your personal goals and financial capabilities before deciding to own a yacht available for charter. Conducting thorough market research, seeking professional advice, and creating a comprehensive business plan can help miti
Not everybody can be profitable chartering their own yacht, or having a fleet of yachts for rent.
Most people that rent their own yacht without a professional broker by their side aren’t actually making money, even though their little side hustle can help them finance their hobby.
Being constantly profitable chartering your yacht involves a lot of work combined with the appropriate vessel in the right location, and some experts to market it and manage it. Only then one can reasonably expect to see extra cashflow.
Considering numerous factors, the return on investment (ROI) of a yacht for charter can significantly vary. Just keep in mind that while some yacht owners can generate profitable returns, the vast majority of yachts may experience lower or even negative ROI.
In most business, market research is one of the key to success. Yacht charter is not an exception. If you already have your own yacht, your options are naturally limited. However, if you are new to yachting and are simply contemplating the idea of buying a yacht with the plan to rent it out to break even or be profitable, then seriously study your market.
Better yet, get the help of a professionnal broker that might have all the insiders tips you need before making a big mistake and kill your potential ROI forever.
The ROI largely depends upon the level of demand and popularity of yacht charters in specific locations. Popular destinations with high demand, such as Mediterranean or the Caribbean can provide better opportunities for a higher ROI. But, due to the competition among yacht owners, the pricing and occupancy rates might be impacted.
Rental rates significantly contribute to deciding the ROI of a yacht. Higher rates may result in a favorable ROI only if the yacht is consistent in securing more bookings throughout the charter season. The ability to attract clients is important to maximize returns: an empty boat costs money and doesn’t generate income.
The costs of fleet management including crew salaries, maintenance and repair, insurance, fuel, provisioning, marketing, and administrative expenses have a direct impact on the ROI. Effective management of these costs can non only help you to break-even, but also hopefully to generate real profits.
The size and type of yacht directly influence its charter appeal and ROI. Larger, more luxurious yachts typically command higher charter rates, attracting high-end clientele and potentially generating better ROI. However, larger yachts may also have higher operating and maintenance costs, and they can be harder to fill.
Nobody want to charter a yacht that looks beaten up and dangerous.
The condition and age of the yacht are the key factors that affect its charter appeal and subsequent rental rates. Well-maintained yachts in excellent condition are highly likely to receive more bookings and generate higher rental rates, thereby maximizing the ROI.
Older yachts may require frequent repairs and renovations, which can influence profitability.
Implementing effective management and marketing strategies to increase client bookings, occupancy rates, and optimizing charter pricing can significantly influence the ROI.
Working with a professional yacht management company or charter broker can help attract clients and maximize the ROI.
When offering a yacht for charter, there are several costs involved that will naturally have to be lower than your total charter income in order to make sure your venture remains profitable .
These costs can vary depending on various factors such as the size and type of the yacht, the charter location, the duration of the charter, and the services provided. Here are some common costs to consider:
It’s important to note that the actual costs can vary significantly depending on the specifics of your yacht and the charter operation. Working with a professional yacht management company or charter broker can provide valuable insights and help you estimate these costs more accurately. Contact our team to get more details.
Read also : The yacht charter experience ladder
Read also : FRACTIONAL YACHT OWNERSHIP EVERYTHING YOU NEED TO KNO W
Fractional ownership of a yacht is when an individual invests in only part of the yacht. This means there are comparatively more funds to spare for just a part of the yacht. So, the cost of owning and keeping a yacht in great condition is considerably reduced.
There are yacht chartering companies like the WI Yacht that allow individuals to own part of a yacht for some time during the year. This way, the cost of ownership is significantly less, but you do get the privilege of being a yacht owner.
Real also : Fractionnal yacht ownership : everythings you need to know
Renting out profitably a yacht that you own is largely dependent upon having the right boat in the right location, the right plan, and in most cases the right broker by your side.
Knowing exactly what to expect before taking on this type of venture is essential as there is a certain level of risk involved when entering the yacht charter market, especially considering the costs involved in simply maintaining a yacht afloat.
Can every yacht owner be profitable by chartering their own yacht? No, but it can certainly decrease the overall cost of ownership.
And with the right set of conditions and a professional broker, some owners might even make a successful business out of it almost passively.
Get in touch with us if you own a yacht that you’d like to charter.
Yachts from know shipyard are usually the most profitable for chartering. The key is a professional crew and a good central agent for your marketing.
Chartering a superyacht just offsets the costs. Majority of superyachts offered for charter earn money to offset expenses, they do not earn a profit.
If done in strategic areas and times of the year, chartering your own yacht can be extremely lucrative. An individual can make up to one hundred thousand or more in a single month. The key is to buy cheap, second-hand even, and then refurbish your boat.
Usually, banks offer loans for buying a yacht if you have a strong initial payment. There are personal loans available that people can use for such investments, but they come with higher rates of interest.
The standard rate of commission to the yacht charter company per yacht is 15%. This amount can increase or decrease, but just a little.
The income obtained from renting (or chartering) a yacht can sometimes cover all expenses incurred, but not always. So, owning a yacht for free by renting it out is possible, but not guaranteed.
The most popular yacht charter destinations are the United States of America, British Virgin Islands, the Bahamas, French Riviera & Monaco, Amalfi Coast, Croatia, and Greece.
Yacht charter: how much does it cost all rental costs explained, you might also like.
In the last 15 years at Rodriquez Consulting we have served a variety of yacht charter companies and private owners who were keen on chartering their yachts. We have created a Yacht Charter Business Plan download because more often than not we are asked to help them with their business plan but often times startups can’ afford to rely entirely on our team from the start so we decided to poor in some of our knowledge into a ready made starting point. Undoubtedly the question we are asked most often is:
In many industries the above questions would be rather simple to answer. However, in the yachting industry answering these questions with anything else other than “It depends..” requires us to get into a great level of details. At the very least, we need to get into the specifics of the size segment you choose, the primary geographic area and the yacht charter business model that you intend to implement.
To most people Yacht Charter rates seem to be very high as an absolute per-week-value, but are they high enough when you consider the cost of the asset/s (the yacht/s) and its running costs? The latter can have a very large range as variable costs depending on how and where the vessel is managed and can make a significant difference. Ultimately, it the acquisition price (the price of the vessel) that is crucial but the variable and fix costs are the ones that can determine whether the operation (your yacht charter business) is profitable or not. If you are looking to build a business plan to charter yachts and get in the business this article will be useful, however, you might want to contact us for more ad-ho c support. Looking from outside the yachting industry, charter rates like those of M/Y Serene ( see our previous posts ) chartered by Bill Gates for over 2.5M$ a week, might sound as an exorbitant price to pay, but let us look at it differently than simply comparing the charter rate to the alleged value of the yacht at $300 millions. Indeed, if you take into account a rough estimate 10% of the [alleged] purchase value (or $30 Million) spent on running the yacht every year and at the number of potential clients that can pay such rates for a week of charter all of a sudden the weekly rate seems not as high any more.
The above mentioned ratio between purchase price, charter rates and running costs cannot be applied to all investments made on yachts that are on the charter market. Professionals in the yachting industry are aware of the fact that at least a good part of the success of the Turkish yachting industry is due not only to its marvellous geographic position and to its well balanced cost of labour of skilled boat builders. Turkey’s success is also thanks to the Turkish traditional gulet which would be often refer to as ‘ a lot of boat for the money’ . The latter type of vessel, indeed, has often made the fortune of charter companies and owners who can rent it well even if they are targeting customers that wouldn’t be able to charter similar size (65feet+) built in Holland or Italy for example. Very simply put, the average purchase value of these vessels is particularly interesting if compared to the quantity of space and comfortable accommodation they can offer.
Back to our original question, is investing in Yacht Charter profitable? At Rodriquez Consulting we would tend to say – YES – It can still be if you do it right !
Let’s look at the historical trends of the Super Yacht Charter Market Analysis and its economic evolution from 2000 to 2012
[if you are looking for 2015-2020 contact us]
Super Yacht Charter Market Evolution
[if you are looking for 2015-2017 data click here]
Rule 1: Whatever boat you think of buying get a great surveyor and a good yacht/ship survey done possibly choose a professional with yacht building experience
Finding the “right” boat is crucial in this process because the “right” boat will drive the type of clients who are interested in renting it, the price competitiveness, and maintenance costs. It is not uncommon though to incur into the common mistake to think that the right boat is the one you want to buy because much like cars, boats are an investment of passion, thus, are subject to one’s perception of beauty which might not be the same as your target market (your prospective charterers). For example, not long ago, I have stumbled upon a quite rare fiberglass UK-built fast sail yacht, the McGregor 65. A decent size yacht but yet, not too hard to handle even with only one or two skilled people on board. This boat was for sale at an asking price of slightly less than 100’000 GBP and in very good condition but most importantly it was built with the objective of having to do as little maintenance as possible.
Sail Yacht McGregor 65
Turkish Gulet
The McGregor 65 was built to go fast upwind so unlike a traditional turkish gulet of similar size its max beam is not as generous, however, it requires much less maintenance than the latter and [it] is certainly not as roomy. Therefore a McGregor 65 would appeal more to clients that look for exciting sailing performances rather than sunbathing areas. The advantages of such a choice of vessel for a charter boat would certainly be: Low maintenance costs, Little or no crew to be employed , low cost of acquisition/purchase, slower depreciation, and ease of cross atlantic crossing to extend the season and sell more weekly or even daily charter periods, targeting a more sailing oriented niche of clients. The disadvantages; less cabins, smaller sunbathing areas and overall a less cozy party-type of boat that is less suitable for the occasional party-boat charterers. A vessel like the McGregor 65ft could also be chartered for regattas to customers that are into the sport of sailing rather than the vacation which is a good way to employ the vessel through not very sunny periods of the year or locations.
It’s probably as interesting to point out that such a big vessel can easily cross the Atlantic, thus, it can be chartered during the Caribbean high season when the mediterranean one is low.
When we get to the motor yacht part of the charter business the ‘game’ gets a little more complicated, but don’t panic we can help here to feel free to pick our brain and contact us
The engines and the propulsion system plays a big role in the maintenance of a vessel. The fuel cost, which are variable depending on the power installed, become a cost element on the client vacation. This cost certainly has an influence on the attractiveness of the yacht to the end client. Speed and performance play a relatively minor role unless we consider a smaller size segment 25-45ft feet whereby charters can be a day long or even less. In the above motor yacht scenario, the classic Bagliettos are interestingly underestimated boats in terms of space the provide and low acquisition cost (less than £200’000 ) but they are not that appealing to the younger crowd who looks for more modern looking boats and performance.
In the motor yacht industry and especially in areas like South Florida, fishing boats and fishing boat charters are very popular and a plethora of interesting boats is available on the pre-owned market. As one would expect fishing boat charters tend to be shorter and often operated by the boat owners or professionals captains.
The vast majority or charter companies (and the biggest ones) specialising in large yacht charter (super yachts) as don’t own the vessels or own a very small % of the vessels the charter and are essentially brokers or at times manage the vessel on behalf of the owner (depending on size). There are also established brands like Moorings or Sunsail who have engineered managed ownership programs where owners are tight to a management contracts that let the charter companies rent the vessel so that the owner can have a paid management service to make up for running costs for most of the year.
We could say, across the board, that the average use of a Yacht by its owner rarely exceeds the 2-3 weeks per year in the Mediterranean therefore, a managed yacht is a good compromise to manage your own boat if your yacht investment is not properly oriented to profit and as a prospective yacht owner you are thinking to mainly cover cost ownership and depreciation.
If instead, you have decided to do yacht charters as a serious business and turn a profit at the end of the year you might want to contact us (or use the live chat to get your consultation booked) and get your numbers right. Your brand and charter offer needs to be well structured and differentiated from the competition. Considering the information we have provided above, I hope it is clear that those who are in business for profit (owning the vessel/s) will have a tough time against those who are essentially covering the cost of ownership and therefore are running at a loss.
Therefore, it is of utmost importance to plan your investment and offer positioning as thoroughly as possible and with the most updated amount of information on current yacht charter price trends (see an example of older data in the slide below).
Yacht Charter Trends, historical data
Marketing via modern technologies and hopping on the latest trends like the new rent-a-boat type of platforms such as BoardaBoat.com in the UK and Cruzin.com , now merged with BoatSetter.com in the U.S. can certainly help making Yacht Charter a successful and profitable business.
Some more marketing savvy owners also use more established non-specific platforms like Airbnb.com to sell as much as possible. If you are serious about marketing your charter service or vessels, we certainly recommend not to underestimate the value of a well optimised (SEO-friendly) and attractive website. Marketing to sell the experience of boat/yacht charter as TheYachtWeek.com has successfully done, rather than the mere temporary use of the asset can be a good idea depending on the target market one is looking to reach.
When we met with Frank Sykes from BoardaBoat.com to get more information on this new innovative platform some time ago, we started our meeting with a candid question to understand his view on the business opportunity. Not surprisingly, he answered exactly what we expected him to:
“We identified the market opportunity from the high volume of key under-utilised asset. By making the boating experience easier to access at a better value, sustainable private ownership and charter, becomes a reality”
Utlimately, in our opinion the answer is YES, Yacht Chartering can still be a profitable line of business to be in. As a boat owner we would suggest to associate with companies like Upyacht.com or BoatBookings.com or even trying to invest in such companies together with managing your own yacht which would put you in a strategic investor position.
However, it now requires more advanced techniques from a marketing point of view and thoroughly planned operations. If you have read this post so far and this is the business you are in or you are thinking of going in don’t hesitate to contact us for a preliminary consultation or
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Global Yacht Charter Market is Segmented by Charter Type (Bareboat, Cabin, and Crewed), Yacht Type (Sailing Yacht, Motorboat Yacht, and Other Yacht Types), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Size and Forecasts for the Yacht Charter Market in Value (USD Billion) for the Above Segments.
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Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR (2024 - 2029) | 5.79 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Europe |
Market Concentration | Medium |
Need a report that reflects how COVID-19 has impacted this market and its growth?
The Yacht Charter Market is expected to register a CAGR of 5.79% during the forecast period.
The market was valued at USD 18.9 billion in 2021, and it is projected to reach USD 26.5 billion by 2027,
The market was negatively impacted by the COVID-19 pandemic in 2020. Worldwide, the yacht charter industry was brought to a standstill by the pandemic. The impact was clear on the industry, as several companies confronted instabilities with their supply chain. Furthermore, the lack of skilled labor impacted the market growth. The key players are doing their best to counter the situation. Additionally, rising global participation in competitive and recreational boating activities and growing corporate tourism activities are expected to significantly support the demand of the target market.
Over the medium term, the factors such as the increasing demand for competitive and recreational boating activities, the purchasing power of people, and rising disposable income are anticipated to drive the yacht charter market during the forecast period. Seeing the potential of the market, numerous associated businesses, like yacht management, that support the construction of new yachts are also entering the market. Yacht charter companies are currently concentrating on vertical integration with major yacht manufacturers to intensify their revenue.
However, factors like high costs of yacht taxation policies and rentals in certain regions are impeding the market growth.
Asia Pacific is expected to be the fastest-growing region. Rising recreational activity popularity, as evidenced by increased participation in marine recreational activities in countries such as Australia, Indonesia, Thailand, and Singapore, is expected to support regional growth.
Numerous yacht charter companies are adding new yachts to remain ahead of their competitors, as several charter companies have contracts with yacht manufacturers to ensure that the new yachts are provided to them for chartering. For instance,
With the addition of new yachts in the fleet, charter companies invested huge amounts in upgrading their fleet. For instance,
Europe is preferred as one of the top destinations for marine culture. Northern Europe has a very rich culture of yacht charters. Countries, like Germany, Sweden, England, Denmark, Scotland, Ireland, Norway, and Russia, have the existence of a variety of options to select from motor yachts, luxury yachts, and crewed yachts. Several superyachts are also available for charter along with expedition/explorer yachts. The summer season is the finest time to charter a yacht in Europe.
Correspondingly, most clients in North America selected to visit chartered destinations to avail of large discounts. In the United States, consumers are oriented toward comfort over performance. The Northern American yachting season is from May to October, whereas in South America, it runs from January to September. Florida has one of the largest gatherings of private superyachts. It has two coastal borders, one in the Atlantic and the other in the Gulf of Mexico, and it holds around 30,000 lakes.
Several countries are reforming their tax regulation and rules, which is concerning the yacht charter market. For instance, in January 2020, the French Tax Authorities released an official tax bulletin with some new rules, which will affect charter contracts signed after March 30, 2020. The VAT will be charged at a 20% rate when the yacht is sailing in EU water bodies, and there will be no VAT while sailing in international waters. If any boat is in EU waters, it is fully subjected to VAT.
As developments in the current situation are constant and fluid, one would expect that certain measures are put in place, comprising governmental and legislations directives, which would give some assurance to the industry.
The yacht charter market is moderately fragmented, with many active players. The market is witnessing the emergence of many new start-ups. Some of the major players in the market are Burgess, Northrop & Johnson, and Dream Yacht Charter. The companies are expanding their presence by increasing their fleet size and partnering with small players. Key players are expanding their presence by tapping into new and unexplored markets.
Dream Yacht Charter
OceanBLUE Yachts Ltd.
Simpson Marine
Northrop and Johnson
*Disclaimer: Major Players sorted in no particular order
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Charter Type
5.1.1 Bareboat
5.1.2 Cabin
5.1.3 Crewed
5.2 By Yacht Source
5.2.1 Sailing Yacht
5.2.2 Motorboat Yacht
5.2.3 Other Yacht Sources
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 United Arab Emirates
5.3.4.4 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Dream Yacht Charter
6.2.2 Yachtico
6.2.3 Asta Yachting
6.2.4 OceanBLUE Yachts Ltd
6.2.5 Simpson Marine
6.2.6 Ocean Independence
6.2.7 Imperial Yachts
6.2.8 Northrop and Johnson
6.2.10 Burgess
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Yacht charters are typically used for leisure, business, and vacation activities. A yacht charter offers a convenient and easy way to enjoy a long holiday with friends and family without owning a yacht. Yacht charter firms provide the yacht and deliver the best itinerary as per the requirements of the clients, with crew and captain and online or on-call support till total charter duration.
The yacht charter market is segmented by charter type, yacht type, and geography. By charter type, the market is segmented into the bareboat, cabin, and crewed. By yacht type, the market is segmented into sailing yacht, motorboat yacht, and other yacht types.
By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
By Charter Type | |
Bareboat | |
Cabin | |
Crewed |
By Yacht Source | |
Sailing Yacht | |
Motorboat Yacht | |
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Yacht Charter Market Research FAQsWhat is the current yacht charter market size. The Yacht Charter Market is projected to register a CAGR of 5.79% during the forecast period (2024-2029) Who are the key players in Yacht Charter Market?Dream Yacht Charter, OceanBLUE Yachts Ltd., Burgess, Simpson Marine and Northrop and Johnson are the major companies operating in the Yacht Charter Market. Which is the fastest growing region in Yacht Charter Market?Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Which region has the biggest share in Yacht Charter Market?In 2024, the Europe accounts for the largest market share in Yacht Charter Market. What years does this Yacht Charter Market cover?The report covers the Yacht Charter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Yacht Charter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. What drives the Global Yacht Charter Market growth?The Key Drivers of the Global Yacht Charter Market are: a) Rising disposable incomes b) Desire for unique travel experiences c) Growing interest in water-based activities and personalized travel experiences d) Increasing yachting infrastructure What are the key challenges for the Global Yacht Charter industry?Key Challengers in the Yacht Charter Industry are: a) Seasonal variations in demand b) High operational costs c) Stringent Regulations d) Environmental concerns, and e) fluctuating fuel prices Our Best Selling Reports
Yacht Charter Industry ReportThe global yacht charter market is on a significant upward trajectory, fueled by the surging interest in recreational yachting and marine tourism. Offering a wide array of yacht types such as motor, sailing, and luxury yachts with lavish amenities, it serves diverse segments including leisure and business. The market, segmented by contract type, yacht size, and end-user preferences, provides both bareboat and crewed charters to meet varying client needs for privacy and independence. Dominated by Europe and North America, due to their robust tourism sectors and the affluent demographic seeking premium cruising experiences, the market is also benefiting from an increase in fleet sizes by leading players and supportive marine tourism policies. However, it faces hurdles like high charter costs and region-specific tax regulations. Yet, with a growing appetite for luxury and marine leisure activities, the yacht charter market is set for ongoing growth. For detailed market share, size, and revenue growth insights, Mordor Intelligence™ offers comprehensive industry reports, including forecasts and historical overviews, available as free PDF downloads. Yacht Charter Market Report Snapshots
Please enter a valid email id! Please enter a valid message! Yacht Charter Market Get a free sample of this report Please enter your name Business Email Please enter a valid email Please enter your phone number Get this Data in a Free Sample of the Yacht Charter Market Report Please enter your requirement Thank you for choosing us for your research needs! A confirmation has been sent to your email. Rest assured, your report will be delivered to your inbox within the next 72 hours. A member of our dedicated Client Success Team will proactively reach out to guide and assist you. We appreciate your trust and are committed to delivering precise and valuable research insights. Please be sure to check your spam folder too. Sorry! Payment Failed. Please check with your bank for further details. Add Citation APA MLA Chicago ➜ Embed Code X Get Embed Code Want to use this image? X Please copy & paste this embed code onto your site: Images must be attributed to Mordor Intelligence. Learn more About The Embed Code X Mordor Intelligence's images may only be used with attribution back to Mordor Intelligence. Using the Mordor Intelligence's embed code renders the image with an attribution line that satisfies this requirement. In addition, by using the embed code, you reduce the load on your web server, because the image will be hosted on the same worldwide content delivery network Mordor Intelligence uses instead of your web server. The global authority in superyachting
The state of charter: key markets, new trends and emerging destinationsData from the world’s biggest yachting association reveals that the charter industry is growing exponentially – but who’s seeing the most benefit, and how long can it last? BOATPro investigates... To continue reading this article... Sign up to BOATPro PremiumGet access to BOATPro Premium content, the Global Order Book, exclusive superyacht industry data and insight, interviews with sector leaders as well as breaking news. From our partners
Yacht Charter Market Size, Share, Competitive Landscape and Trend Analysis Report by SIZE, by TYPE, by APPLICATION : Global Opportunity Analysis and Industry Forecast, 2024-2032AT : Automotive Aftermarket Report Code: A02553 Tables: 116 Get Sample to Email Thank You For Your Response ! Our Executive will get back to you soon The global yacht charter market size was valued at $11.4 billion in 2022, and is projected to reach $20.2 billion by 2032, growing at a CAGR of 6.9% from 2024 to 2032. Report Key Highlights:
Yacht chartering involves the rental or charter of a sailboat or motor yacht for the purpose of traveling to different coastal or island destinations, whether for business or leisure. There are primarily two types of yacht charters: bareboat and skippered. In bareboat charters, clients take on the role of the boat's skipper and handle it themselves, whereas skippered charters come with both the boat and a crew. Many bareboat charter companies offer fundamental seamanship courses to prepare clients for operating a boat. Some of these companies may also provide skippered charters, which come with a skipper but do not include additional crew members. The yacht charter market is expected to experience substantial growth, driven by an increasing number of yacht productions and ongoing construction projects. Yachts, often equipped with luxurious amenities such as helipads, swimming pools, saunas, hot tubs, and more, symbolize the pinnacle of opulence. The market is segmented into type, size, application, and region. On the basis of type, it is categorized into sailing yacht, motor yacht and others. On the basis of size, it is classified small (Up to 30m), medium (30m-50m), large (Over 50m). The application segment is divided into vacation/ leisure, sailing, and others. On the basis of region, the market is analysed across North America, Europe, Asia-Pacific and LAMEA. The growth of water sports and recreation activities and increase in number of private islands on cruise itineraries drive market growth. However, the high cost associated with yacht charter and the weather and safety concerns hamper the growth of the market. Moreover, increased involvement of intermediaries & hybrid business models, and change in yacht infrastructure are expected to propel market growth in the forecast period. Key players operating in the global yacht charter market are Boatsetter, Inc., MARTELLO YACHTING & COMPANY, SAILOGY S.A., Northrop & Johnson, Ionian Catamarans, IYC, ZIZOOBOATS GmbH, Yachtico, Inc., Boatjump, S.L., and West Coast Marine Yacht Services Pvt. Ltd., among others. Key Developments The leading companies are adopting strategies such as acquisition, agreement, expansion, partnership, contracts, and product launches to strengthen their market position.
Growth of water sports and recreation activities: The surge in interest and engagement in water sports has led to the introduction of various innovative and exciting water sporting categories in recent years. Notably, jet-powered hoverboards, flyboarding, and inflatable catapults have captured the imagination of enthusiasts. In addition, activities like aquatic hoverboards and water jetpacks have emerged as thrilling options for those seeking aquatic adventures. Setting out on a luxury yacht charter presents an unmatched chance to revel in the finest water sports and yacht toys. The majority of yachts are equipped with inflatable slides, trampolines, stand-up paddleboarding (SUPs), and kayaks. Increasing number of private islands on cruise itineraries: There is a strong trend toward renewing the marine fleets and rise in number of marine fleets increased by about 7% globally. Moreover, the adventure travel is growing at a rapid pace and cruise expeditions are experiencing the impact. Furthermore, numerous cruise builders are investing in land-based private islands that allow cruise lines to offer customers exclusive beach time as an extension of the onboard experience. Such rise in trends from the millionaires along with the increase in add-on services is estimated to fuel the demand for the yacht charter industry in the forecast period. The spending of cruise line brands increased owing to which the growth of yacht chartering also increased for instance in September 2023, Royal Caribbean invested $250 million in the development of CocoCay in the Bahamas. People around the world are preferring the yachts for recreational purposes which are celebrated at the world’s beautiful destinations due to which the private islands are gaining traction. High cost associated with yacht charter: Yacht charters are priced based on their base rate, which represents the weekly rental cost of the boat. The total cost of a yacht charter varies due to several factors, including the type of yacht, the charter destination, local taxes, and the base rate itself. As a result, yacht charters have a wide price range. Smaller sailing yachts and catamarans may start at around $10,000 per week, while the most luxurious motor superyachts can exceed $150,000 per week. In addition, there are hidden costs associated with yacht charters, including taxes, Value Added Tax (VAT), insurance, crew gratuity, advanced provisioning allowance, and other expenses, which typically amount to approximately 15-30% of the base price. These charges are collected prior to the charter, serving as an initial financial commitment. These additional costs can pose a barrier to potential customers in developing countries, thus hindering the growth of the yacht charter market. Increased involvement of intermediaries & hybrid business models The increase in involvement of brokers is a notable trend in the yacht industry, driven by a rise in number of buyers and charter clients. Brokers play a vital role, facilitating viewings, negotiating sales terms, managing paperwork, and overseeing the collection and distribution of sale proceeds. Moreover, the use of tablets and smartphones as mediums for customers to gain real insights into yachts is drawing more people toward yacht rentals. In addition, yachts are venturing into the leisure and hospitality sectors, with the global yacht tourism industry experiencing remarkable growth. Luxury travel has also seen a significant upswing. Yacht tourism has evolved into an exclusive form of recreation, coexisting with well-established mass entertainment systems. Yacht chartering is no longer limited to the aristocracy, however, has expanded to the middle class. Yacht tourism takes various forms, including fishing, sightseeing, and leisure sailing, with the latter being the most favored. The success of yacht tourism has led to an increased demand for luxury yacht charters in the foreseeable future. Key Benefits For Stakeholders
Yacht Charter Market Report Highlights
Analyst Review In accordance with several interviews conducted, the CXOs of the leading companies stated that the yacht charter market is expected to witness significant growth in the future. In addition, the global yacht charter market is anticipated to be influenced by the eternal need for luxury and changing lifestyles. Furthermore, the introduction of innovative materials, such as structural glass, has elevated the sophistication of yacht design. Yacht production and under-construction projects are on the rise, which is anticipated to drive substantial growth in the yacht charter market. Yachts, equipped with luxurious amenities such as helipads, swimming pools, saunas, and hot tubs represent the pinnacle of opulence. In addition, key players in this industry have expanded their global presence through acquisitions and expansion strategies. Despite the challenges faced by the global economy, the yacht charter market has gained popularity, which is attributed to strong underlying factors such as the increasing wealth of ultra-high-net-worth individuals, a growing interest in recreational & expeditionary activities, and the rising trend of yacht tourism. The market is expected to experience significant growth during the forecast period. However, the sector is not without its challenges, including high costs and the impact of natural disasters.
Growing recreational activities upcoming trends of Yacht Charter Market in the world vacation/leisure is the leading application of Yacht Charter Market. Europe is the largest regional market for Yacht Charter. Ionian Catamaras is the top companies to hold the market share in Yacht Charter. Loading Table Of Content... Loading Research Methodology...
Enter Valid Email ID Verification code has been sent to your email ID By continuing, you agree to Allied Market Research Terms of Use and Privacy Policy Advantages Of Our Secure Login Easily Track Orders, Hassel free Access, Downloads Get Relevent Alerts and Recommendation Wishlist, Coupons & Manage your Subscription Have a Referral Code? Enter Valid Referral Code An Email Verification Code has been sent to your email address! Please check your inbox and, if you don't find it there, also look in your junk folder. Yacht Charter MarketGlobal Opportunity Analysis and Industry Forecast, 2024-2032 Does charter ownership work? Creating a financial model.Deciding whether charter ownership makes sense for you should involve the careful examination of financial models of your options. Although most companies will provide you with models, it is important that you run your own models, understand each factor that can impact the outcome of the model, and manipulate the assumptions that are relevant to you. This post is a follow up to our earlier article on why we decided to become charter owners . That article deals with more big-picture issues of charter ownership such as risks, rewards, and types of ownership. The post below instead is primarily about the economics of ownership. The model below applies specifically to “bareboat” charter ownership of boats in the 40-50ft range. There are other charter ownership programs such as crewed charters, owner-operated charters, etc., that require a different set of assumptions and thus a different model. Below we created financial models based on two different use cases that vary as a function of the end goal of the owner. Use Case A assumes that the owner wants to reduce his/her charter costs and thus it assumes the sale of the boat at the end of the program. This is the case for someone who charters often and is not interested in taking possession of the boat at the end of the program. Use Case B assumes that the owner wants to reduce the ownership costs while still chartering, and thus it assumes the purchase of the boat at the end of the program. This is the case for someone who charters often AND wants to buy a boat. Thus the charter ownership program is used to simultaneously reduce charter and ownership costs. That is our case. The two reasons above require slightly different models because the final outcome is slightly different (to sell the boat vs. to buy/keep the boat). The options and assumptions.Regardless of the use case, we essentially compare 3 options: 1. Investing the down payment in the stock market instead. 2. Buying a charter boat under a guaranteed income program*. 3. Buying a charter boat under a performance program*. *See our previous article for a discussion of these models. Each of these options will be presented below as separate columns. Each of the options has some basic assumptions that impact the model. You may not agree with the assumptions below. Some of you may think they are too conservative while others may think they are too optimistic. You should modify them as needed. It is important that the models are built on assumptions that are believable to you given your context because the end goal is to use the model to guide your decision making. If you don’t believe the assumptions, the model is worthless. All models below are based on the purchase of a boat with a ready to sail new price of $550,000 USD with an estimated 5-year value of $357,500. Option 1 (Investing down payment) assumptions.
Option 2 (Guaranteed Income) assumptions.
Option 3 (Performance program) assumptions.
The raw data for the models below can be accessed at this Google Spreadsheet Link: https://docs.google.com/spreadsheets/d/1jfvdTtS1Oo8clyrVEUaphqVCohLR2mpHcRtkwY5ucI4/edit?usp=sharing The link brings you to a “view only” file but if you have a google account you can make a copy of the file using File > Make a Copy and you will be able to edit and change the assumptions. If you don’t have a google account I believe you can still export it into an excel file. Model for Use Case AAs I mentioned, this Use Case A involves someone who does not want to take possession of the boat at the end of the program and is instead interested only in reducing the charting vacations costs. The model starts with a basic breakdown of the boat purchase costs and financials. The three columns represent the 3 main options. The data below is the same for both of the charter ownership options (Guaranteed and Performance). There is no data for the Investment option since this option does not involve buying a boat. Essentially, this Investment option is our “control” condition. It compares becoming a charter owner against the common suggestion to put the money in the stock market instead and keep paying out of pocket for your sailing vacations. Then we start analyzing income. The first piece applies only to the Investment option. It assumes putting $137,500 in the stock market and making 8% interest. However, it also assumes that this account will be used to pay for all the charting costs, so it assumes a withdrawal of $23,700 per year (see charting costs below). Thus, the return is not a compounded return of 8% but it assumes that the balance is dropping each year by $23,700. For a detailed analysis of how to calculate the total 5Y return, check the Investment Income tab in the spreadsheet. It is possible that the person is paying for the sailing vacations from a different source of income that is not generating interest/gains such as the person’s own salary. In such a case, then the account would be generating more revenues than indicated below. Next are the income calculations for the two ownership options. The Guaranteed income calculation is pretty simple as it involves just 9% of the hull value each year for a total of $49,500 per year. The calculation for a performance plan is a bit more difficult because it involves estimating how many weeks the boat will charter. In the example below, we assume 2 seasons (high and low) with the boat charting for 12 weeks in high season and 8 weeks in low season generating a total of $156,800 in revenue not including commission costs. The total revenue after 5 years for all 3 options is below. First, we start with mortgage-related expenses. Since this assumes a 15-year mortgage, it is important to make additional payments towards the principal otherwise you risk being underwater at the end of the charter contract (pun intended!). We assume that the extra payments will come from the monthly surplus of the difference between the guaranteed income payment and the mortgage payment. That is, under the guaranteed income program, we would receive $969 per month more than the mortgage payment ($4,125 (income) – $3,157 (mortgage) = $969 surplus), which can be applied towards the mortgage principal. For purposes of simplicity, the model for the Performance option also uses the same amount of additional payments. Charting costs are pretty simple to calculate. All programs will incur some expenses in the form of a cleaning (turn around) fee and a waiver/reduction of the insurance deductible. We calculate this expense to be $700 per week. As you can see below, if you assume that you receive a contribution from guests to offset your cost, you actually end up with a surplus for each week you charter in the Guaranteed and Performance program. For example, the total chartering cost every time you take the boat out is $700 or $2100 per year, but if you receive a $1000 contribution from your guests per charter ($3,000 annual), you end up with a $900 surplus per year. In addition, under the Investment option, you would be paying the full chartering cost for a total of $23,700 per year. This is the amount that you would withdraw from the investment account under the Investment option. Next, we have the Performance program costs. These are pretty simple to understand but I should highlight that the model below assumes 12% of hull value in maintenance expenses per year. This may be too low in some years and too high in other years. Yet, this has a massive impact on the Performance project metrics. If maintenance costs are closer to 15% then this program only works if using IRS Section 179 to reduce federal income taxes. Finally, we have the calculation of total program costs. For the Investment option, the calculation is fairly simple. You start with a $137,500 and end with $74,371, leading to a total cost of $63,129. The calculation for the other two programs is a bit more complex. It assumes that the boat would sell at the end of the program for 65% of its original value and that your selling costs would be 10% of the sale price. At the end of the program, the model indicates that the Guaranteed program would cost you $50,600 of actual out of pocket costs, while the Performance program would net you an extra $19,530. Now you may think that the Performance data is unrealistically optimistic, and you may be right. Any minor changes to the Performance assumptions, both in terms of income and expenses, can lead to a major difference in the outcome of that program. For example, if you change the maintenance cost to 15% the final number moves from a net surplus of $19,530 to a cost of $62,970. This is the major risk of the performance program. It works beautifully if the economy is strong, world politics are stable, and no frequent major repairs are required, but it falls apart if any of the assumptions don’t hold up. Finally, below I present the comparison of charting cost. As you can see, using the assumptions above, the Guaranteed income program is not much different than the Investment option in terms of total charter cost, although it does lead to a $12.5K savings. The major saving would come from a Performance program if the assumptions hold. Model for Use Case BIn the case when the owner is using the program to lower the ownership costs while still chartering, the model will differ only in the way we calculate the final bottom line costs. The models assume that we would either buy a 5-year old boat in the case of the Investment option or pay off the mortgage in the case of the two charter ownership options. As you can see, purchasing a 5-year-old boat (while still chartering for 5 years prior to the purchase) will cost 48K and 118K more than in the Guaranteed and Performance programs, respectively. Whether that is “worth it” is a matter of heated debate, as it involves the valuation of multiple other factors that are not easily quantifiable. For us, it was obviously worth it as we explained in our post: Buying a Sailboat for Charter: We Bought A Boat . Now it is up to you to modify the assumptions as needed using the spreadsheet link and determine whether charter ownership works for you. If you like this article, follow us on Facebook at Blue Buddha Adventures where we post more frequent updates about our travels and our experience with Charter Ownership. If you have questions, post them on facebook on the related post or email us at [email protected] Share this:
Related postsFrom Charter Boat to World Cruising: The Refit of Blue Buddha – Part ILess than a year to go! A five-year plan update.Crossing the Atlantic on a Lagoon 42 CatamaranLeave a reply cancel reply. Great Article! We have booked Blue Buddha this November and I have been scouring your site. Thanks for all the info. How has your experience with DYC been? Hi Justin, sorry I just noted this comment. Send me an email at [email protected] if you have questions about DYC and our experience. Thanks! n.
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Charter Boat Ownership for DummiesMore and more people are buying monohulls and (mostly) catamarans and placing them into charter programs all over the globe. Placing a yacht into charter management is a good way to reduce the cost of the boat and also offset the cost of ownership. There are different types of management programs offered by the industry that I will analyze and explain to ensure that you have a good understanding of what you will be getting into if you decide to place a yacht into charter management. The two most popular programs are the Guaranteed Income program and the Performance (aka Income Sharing aka Variable income) program that, in all probability, are the two options that you will be presented with across the entire industry. New programs have come up recently, like shared ownership - I believe that trend will eventually pick up steam. GUARANTEED INCOME PROGRAM The Guaranteed program is the option offered by most of the large, well-established companies and is very popular for owners who want to have a “no hassle” ownership experience. The owner must qualify for financing which can sometimes be challenging, as most lenders can be sticky on making loans for yachts going into charter. There are, however, a few known lenders, who have certified these programs and companies, and will approve transactions with well-qualified buyers. Once the financing approval has been received, the buyer will then typically pay a 20% to 25% deposit, while the balance of 75% to 80% is due upon completion of the yacht at the factory. The deposit can vary and be as low as 10% - and as high as the buyer wishes, which will obviously facilitate the financing - of the purchase price. At closing, the ratio is usually 20% from the buyer and 80% from the finance company. See important note about financing issues at the end of this article . The boats are typically priced fully equipped, delivered to the charter base and ready for charter so there are no more out-of-pocket or surprise expenses for the buyer after the initial deposit. The program is structured so that after that deposit, the charter company pays for all the expenses including, insurance, dockage, maintenance and general operating expenses. The owner pays literally ZERO for the entire duration of the program. The guaranteed payment, which is made monthly, typically amounts to more or less 9% annually of the boat initial value. It is enough to cover a typical mortgage payment, making the entire proposition cash-neutral for the duration of the program. The term varies from 54 to 66 months, so the longer the term, the more guaranteed income you will receive as a whole. This is an important consideration when shopping companies or comparing programs. While the boat is in service, the owners will have exchange privileges allowing them to sail on a similar boat at any of the companies bases worldwide. While there is no charge for the actual charter, be aware that there are fees that will need to be paid, such as cleaning or turn around costs, diesel, water and ice etc, aka Turnaround fees. So familiarize yourself with the exact fee structure with various companies. The Charter Company is totally responsible for the maintenance and upkeep of the yacht for the duration of the program. However, this does not mean that the owner should not pay attention to it . It is strongly recommended to thoroughly check on your boat every time you are on board for a charter. Make a list of all items to be attended by the technical staff and give it to the base maintenance manager. Then follow up . When the contract expires, then the boat is “Phased-out” and the owner must then take possession of her. Most charter companies will have a phase-out program written into the management agreement that stipulates that the boat must be handed back in good working order except for fair wear and tear . It is critical for the buyer to fully understand the obligations of the charter company with regard to the phase-out: this component will determine the condition and resale value of the boat after the owner takes possession. The phase-out should be managed by the owner to ensure that he boat is in the best possible condition and it must involve a pre-phase out survey. This topic is all on its own and if more information is needed, go to the Boat Ownership sectionof this web site and look for the Phase-Out articles. There are three options once the program has ended: private use, place the yacht in a second tier charter operation for another 5 years, or sell the boat. In some cases the charter company will trade the boat in, or alternatively assist the buyer to sell the boat and upgrade to a new boat back into the program. Again this is a subject that needs to be addressed on its own, contact catamaranguru.com and sailonline.com for more information.
The benefit for the charter company with the Guarantee program is that there is no monthly accounting, just a monthly payment. The maintenance is at the companies’ discretion which negates most of owner's involvement, which can be time consuming and often problematic. The Phase out at the end of the program allows the charter company to address all outstanding issues at one time with an independent survey as guidance. The boats are all interchangeable in terms of usage or booking, and so if there is a problem on one boat, the charterer’s party can be switched at the discretion of the Charter Company. As for the owner, his/her income is contractually guaranteed no matter what, so it is of no concern to them. PERFORMANCE PROGRAM The Performance program is designed to be an income sharing relationship: the owner is credited for the full net charter income after booking commissions, and then the Charter Company bills the owner for services. While this program definitely yields the owner more income it requires a lot more personal involvement. Smaller companies tend to offer this program as opposed to the Guarantee program because it represents less risk or liability to them. As with the Guaranteed program, the purchase requirements with respect to financing, down payment, yacht specification, equipment and delivery to the base are the same as stated previously. With the Performance program, there is typically a split of the net charter income. That split usually ranges from 65% owner-35% charter company, to 80% to the owner and 20% to the Charter Company. The reality, often misunderstood by the boat buyers, is that the split is almost completely irrelevant and used as a marketing catch when it looks very favorable to the owner. Truth is, only the bottom line is relevant . That is because it is what the owner is charged for after the split (costs of the price of services, booking commission paid to charter brokers, etc. that truly determines the bottom line and not the split formula . Some companies rely entirely on outside booking agents – in which case the commission load is high - while others have a booking office in-house with only occasional use of outside booking agents. The issue here is that the outside booking agents charge 15% to 20% commissions, which means that the owner starts with 15-20% less income per charter. Conversely, the charter company’s in-house booking office might charge less or no commission at all. Therefore, if there is an outside booking agent 100% of the time and the split is 80/20, then the owner will earn $64 on every $100. If there is no outside booking agent, and if the charter company does not charge a booking commission, with a split of 65/35 the owner will earn $65 on every $100. In that example, an 80/20 split which seems very attractive at first, becomes in fact less favorable than a 65/35 split. That is why it is very important to know and understand how the booking commissions work because they have a big impact on the final outcome. Similarly, because this is an income-sharing program, the owner needs to know what the costs are, and how they will be billed to him. For example: hourly labor rate, dockage and electricity costs, turn around costs, insurance or any other fixed or variable expenses the owner will be responsible to pay for. It is very important to analyze those costs to see what the actual bottom line income is projected to be. As you have seen, the split does not determine the bottom line and will be affected by many factors: So do not get blinded by this . Generally speaking, the maintenance of a boat in a Performance program should be better because the Charter Company bills for services and the owner is involved in the management and operation of the yacht. Depending on the type of boat, configuration and location, the Performance program will yield 30% higher an income than the Guaranteed program to the owner. That is a substantial difference. Typically, there is no phase out for yachts in this program. That is because if the maintenance is being done regularly and diligently, then the yacht should be in good condition at all times, including the end of program. If there were any issues that need to be addressed, then the owner would be responsible for the expense. So the phase out notion is not applicable. As with the Guarantee program, once the program has ended, there are three options: private use; yacht placement in a second tier charter operation for another 2 to 5 years; sell the boat. In some cases the charter company will trade the boat in or alternatively assist the buyer to sell the boat and upgrade to a new boat back into the program. Again, this is a subject that needs to be addressed on separately. You may visit catamaranguru.com for more information.
Advantages to the Charter Company are that there is no contingent liability that comes with a Guaranteed program; the financial risk is with the owner. The maintenance is entirely invoiced to the owner and there is no phase out obligation. The Charter Company generally earns less income from this program, with the owner benefitting more than in the Guarantee program, but the trade off is that the risk is shared. The owner is actively involved and the administration requirements on the Charter company side are high compared to the Guarantee program. Conclusion : In the end, the main aspects to consider for the boat buyer are his/her risk tolerance (financial visibility vs. potential upside, similar to the difference between a bond and a stock); need for tax benefits; attraction to exchange programs between locations vs. sailing in one cruising ground; interest in involvement in the yacht management vs. hassle-free experience. FUNDAMENTAL FINANCIAL CONSIDERATIONS There is a very important element is to be considered, and most charter companies’ sale staff do not often highlight it. You’ll see why. It goes like this: any loan with a 80% financing (the usual configuration) paired with a maturity higher than 10 to 12 years MAX, i s guaranteed to put the buyer significantly upside down at the end of the charter program , simply by virtue of the typical charter boat depreciation and boat value on the second-hand market. In other words, the typical charter boat depreciation and value on the second-hand market ends up being less than the loan payoff amount. Regardless of the buyer’s plans after the end of the management program, it is not a situation anyone wants to be in. Consider this: it’s the end of the management program. You thought, 5 years ago, that you would keep the boat for private use. However, your life circumstances have changed (5 years is a long time) and you are now forced to sell your boat. You’re upside down by $50K. in relation to the real resale value of your boat. Sounds familiar – remember the real estate disaster in 2009? This is not a hypothetical situation. We see it often and it can be a precarious situation. The reason many sales people do not mention this is because a 5-year financial proforma on any boat, paired with a 15 or 20 year-mortgage looks significantly better than one with a 10-year mortgage, in regard to the monthly and annual cash flow. We think it is borderline deceiving and potentially dangerous. ____________________________________________
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126M Lürssen superyacht OCTOPUS rejoins yacht charter fleet following nine-month refit
By Katie Scott 9 July 2024 Following a highly secretive nine-month refit in Bremerhaven, Germany, 414ft (126m) superyacht charter OCTOPUS is rejoining the market with bookings already open for a highly indulgent globetrotting world tour over the next few seasons. Delivered in 2003, Lürssen charter yacht OCTOPUS is among the most expensive charter yachts on the market with a 13-cabin layout for up to 12 sleeping charter guests and a dedicated crew of 45. Completing her 20-year survey, as well as a full paint job and AV/IT upgrades, OCTOPUS' latest refit, following on from her gym and interior upgrades in 2021, remains largely under wraps but she's already been spotted heading down the River Weser as she returns to the yacht charter fleet. Boasting striking exterior designs penned by Espen Øino International, OCTOPUS currently ranks second in the largest yachts for charter , behind 446.2ft (136m) superyacht charter FLYING FOX , and features every luxury and splendor needed for truly indulgent escapes to both hot and cold climates. As soon as charter guests step onboard they are greeted with a staggering outdoor living environment with a large swimming pool and full cocktail bar, multiple alfresco lounge and dining areas, a spacious beach club and swim platform plus a helipad for high-flying adventures during corporate or family yacht charters . Making a statement as the ultimate partner for explorer yacht charters , OCTOPUS hosts an eyebrow-raising selection of premium amenities that include a 15-seater indoor cinema, a spa-quality health and wellness area with a spa, sauna, Hammam and gym, a library, sports bar, music studio, and a captivating glass-bottomed observation lounge. With a range of 12,500nm, OCTOPUS is ideal for the adventurous at heart Providing charter guests with a real insight into expedition yacht charter vacations, OCTOPUS allows those on board to make the most of every charter destination with an enticing collection of toys from the personal submarine for eye-opening trips beneath the waves, to the fully-certified dive center, extensive selection of watersports equipment, and a helicopter. After a day of exploring, charter guests can relax in the opulent overnight accommodation that includes a vast owner's deck with its own private Jacuzzi, alfresco dining area, and elevator access. Further charter guest accommodation includes a selection of double cabins, all with their own en-suite facilities and exceptional views. M/Y OCTOPUS on tourEmbarking on a globetrotting world tour, superyacht charter OCTOPUS opens up a multitude of opportunities to explore some of the most remote regions of the world. Whether you're looking to try out the best locations for heli-skiing or relax on the isolated shores of a Tahiti yacht charter , OCTOPUS is primed and ready to deliver an exceptional charter experience. Summer 2024Scotland > Inner Hebrides – Mull > Iona > Scarba > Islay > Jura > Lagavulin Alesund > Storfjord > Hjordundfjord > Glomset > Flatflesa > Skotholmen > Loftoen Islands – Svartisen Glacier > Vaeroy, Reine > Ballstad > Henningsvaer > Svolvaer > Bodo Longyearbyen > Hornsund > Edgeoya > Hinlopen Strait > Lagoya Island > Liefdefjorden > Danskoya & Amsterdamooy > Longyearbyen Greenland > Nuuk > Heli-Skiing – Maniitsoq to Kangaamiut > Isortok > Ukkusissat Winter 2024/2025King George Island > Gerlache Strait > Port Lockroy> Lemaire Channel > Cuverville Island Spring/Summer 2025Fakarava (North & South Pass) > Toau > Apataki > Rangiroa > Bora Bora > Taha’a > Raiatea > Huahine > Tahiti To be one of the first to experience the newly refitted superyacht charter OCTOPUS speak to your preferred yacht charter broker today for availability and information on yacht rental costs . Alternatively, find more inspiration by viewing all boat charters . Largest yachts for charter136m Lurssen 2019 122m Lurssen 2024 115m Lurssen 2021 112m Freire Shipyard 2023 107m Olympic Yacht Services 1997 / 2022 105m Oceanco 2018 RELATED AREA GUIDES View destinations guides, photo galleries & itineraries for areas related to this news article
RELATED STORIES Previous Post 122M Lürssen superyacht charter KISMET announces global debut at 2024 Monaco Yacht Show EDITOR'S PICK Latest News 9 July 2024 8 July 2024 5 July 2024
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Receive our latest offers, trends and stories direct to your inbox. Please enter a valid e-mail. Thanks for subscribing. Search for Yachts, Destinations, Events, News... everything related to Luxury Yachts for Charter. Yachts in your shortlist Because There Can Be More To The Good Life, A Higher Level, A More Abundant Life - From Mere Wealth To Prosperity Wealth preserving economic insights make living the best of the good life prudent wealth management Yacht Exchange Services Real Deal -$11 million tax savings on $45 million income The yachting lifestyle- the ultimate liquid investment Yacht opportunities in film and television Boating For Better Physical, Mental & Financial Health YES is Your Equine Economic Solution The Yachting Lifestyle is prudent wealth preservation. YES is the answer to real estate YES - Yacht charter can be profitable Prudent Private Profitable The best prices for luxury cars Cutting Taxes by more than 50% is wealth management The Best Artists Support The Best Causes How rewarding helping the dreams of others come true YES Reduces IRS Risk SUCCESS SECRETS OF THE SUPER RICHEnsuring generational prosperity during political and economic uncertainty. Historical U S Government Investment Returns:100% return on investment in 1 year,, 1200% return on investment over 10 years,, backed by the full resources of the united states federal government., effective federal tax rates less than 5%.. If your current advisers knew - surely they would have told you already - wouldn't they?might this information alter your priorities and resource allocation, could this information possibly affect your net worth and economic decision making, now that we have your attentio n , forgive us for stating what' s becoming increasingly obvious., not only are society's economic and political rules changing, but it's now an entirely different game. many will soon find themselves in unchartered waters., the inflation reduction act is a classic case in point. a perfect political storm, painful but passing, or a permanent tax, climate & societal sea change. Regardless, YES can be your ensured smooth sailing.Why not chart a new course to successfully navigate any economic storms and really go green, reduce taxes,, carbon footprints &, irs audit risk by 50% & more, success secrets to living the best of the good life . Success Secret # 1 : Tax savings can buy a yacht . It's not what you make that counts, but what you keep.the united states general accounting office ( gao ) estimates 60% - 90% of all tax returns prepared by tax professionals contain errors., in 2019, gao told congress the tax code complexity results in both under-payment & over-payment of taxes. a gao study of paid tax professionals (cpas) revealed:, only ten percent (10%) prepared tax returns correctly, per tax law & error free,, thirty-seven percent (37%) "made errors with substantial tax consequences" ., of course that's better than prior studies where not one cpa was correct and the range of tax liabilities between the highest and lowest was 100% or twice as much., such professional errors and oversights have significant real world consequences for most. for many they are potentially life changing., recent research reveals that taxes can have 10 times greater influence over long term wealth accumulation then actual asset allocations or investments., on it's face, it seems a bit unjust that it's the client tax payers and not the paid tax professionals that are legally responsible for any unpaid taxes and penalties and that bear the economic burdens and legal liabilities of these tax preparer errors. , how much more so now with the passing of the inflation reduction act , with $80 billion to hire 87,000 new irs agents, it's a priority of public policy to reduce the "tax gap" by more audits and enforcement actions to catch tax cheats and make sure the more successful finally pay their fair share to fund more government spending., of course, that is just political speak. they really mean you., success secret # 2: an ounce of prevention is worth a pound of cure., so, with the prevalence of error filled tax returns prepared by leading tax professionals, what are the chances something might be amiss or lacking with your taxes, how would you really know, how much is it costing you, ever had a second tax opinion, what would an irs audit reveal, what are the odds the irs targets you, yes helps you take the good life to the next level, get off & stay off the irs radar , & to really go green, for example:, did you owe any federal tax in 2020 or 2021, did you know it may have been unnecessary, did your advisors tell you of special pandemic provisions in the tax code whereby it was possible to owe no federal taxes regardless of the amount or source of income, if not, why not, are you taking deductions for unprofitable activities, what else are they not telling you, overlooking or allowing to fall through the cracks, for how long has this gone on, what's the cost: over payment of taxes, lost investments and possible legal exposure, there's 'a yacht' to lose by under and over paying taxes, unfortunately, the significant over payment of taxes is a common problem. it's the secret few cpa's or public officials want to discuss. the opposite of the tax gap , but just as large a problem, tax payer over payment is called the reverse tax gap., the irs reports fewer than 1/2 of 1% of those earning over $200,000 take advantage of all available tax code provisions. congress has estimated that well over half of all taxpayers overpay their taxes by not taking advantage of available tax provisions. this is especially disturbing because over 89% of taxpayers that overpay their taxes use “professional” fee paid tax preparers such as cpa’s and accountants.. “That’s a real shame. Congress enacts a tax benefit with the intention of every eligible person taking advantage of that benefit. I’m very concerned that tens of thousands of taxpayers aren’t taking advantage of the available tax provisions. Even worse, a lot of paid tax preparers were in the dark. There’s no point in paying somebody to do your taxes if those folks don’t do you any good.” Charles Grassley U. S Senator Everyone believes they have good tax advisors, but how do you know? Few ever get a second opinion until it's too late. No one knows everything. A rapidly expanding and ever changing tax code increasingly requires specialization. With more sophisticated business and financial activities it's likely more falls through the cracks. It's not surprising then the wealthiest overpay the most.Now more than ever, at a time when it seems to many that the powers that be are increasingly encouraging, some may say extorting, compliance with arbitrary and erroneous edicts, yes yacht executive solutions believes now may in fact be the right time before it's too late for everyone, boaters and non boaters alike, to get on board the right vessel to secure their economic and environmental prosperity., introducing : the new net worth neutral yachting lifestyle: it's now carbon neutral too you can save money, taxes & the planet., the democrats' commitment to social and climate justice may be admirable, but certain to make the good life more challenging and expensive via escalating fuel costs, inflation, punitive new taxes with higher tax rates, and increased regulation with the priority of reducing / eliminating co2 emissions, etc .. Make No Mistake - You're A Likely Target If you have any doubts or concerns, now's the time to make sure your finances are squared away and your taxes are in shipshape.Don't be deceived or lulled into complacency believing, "that's too farfetched, they wouldn't do that." as soon as they have the votes, they will be coming for you and your lifestyle - one way or the other. they have to. for in many ways you are the problem, the enemy. you embody all they are against. from their perspective, you have more money and resources than they think you should, which you probably obtained illicitly or at the least from white privilege. your affluent yachting lifestyle and travel, pollutes the planet and poisons poor people of color simply for your profit, passion, and pleasure. a recent study by the treasury department and harvard confirmed the following:. So where do you think those 80,000 new IRS employees authorized by the Inflation Reduction Act to increase audits will star t?Thus to pay for their social equity and climate justice programs, make sure the wealthy pay their fair share, and as a form of penance for perceived prior "inequities", they demand higher taxes and a significant increase in irs enforcement, compliance & tax audits . with plans to target the most successful, much of such burden which will likely fall disproportionately upon many in the boating community - some of whom have in fact been playing fast and loose with many tax code provisions., yacht & jet charter or irs audit trap. Yacht & jet charter owners are especially vulnerable. Contrary to what many brokers and charter managers tell prospects to persuade them to buy a boat or jet, to legitimately take deductions for a charter business, requires a substantial after tax net profit 3 out of 5 years. Failure to do so shifts the burden to the tax payer that must prove a legitimate profit motive as the primary motive for the tax payer's jet or boat charter activities and expenses exposing him to significant back taxes and penalties .It's a write off, regardless if you're already on the irs radar or not, yes yacht executive solutions is the answer. strategies and real world examples such as yes yacht charter can be profitable and how $23,000 becomes $840,000 , not only demonstrate doing our fair share to solve economic inequities in the past, as well as the future, but can also go a long way, when properly applied, in minimizing any tax liabilities; past, present or future., will yes still be able to make yachting dreams come true - and keep those dreams from becoming nightmares - when other advisors can't, economically & environmentally sustainable boating, now in addition to net worth neutral yacht ownership which makes the yachting lifestyle prudent wealth management, carbon neutral yacht ownership makes the yachting lifestyle environmentally friendly. A bigger boat Programs that pay for it Producing actual net profits Preserves & protects net worth Providing more time on the water More time to enjoy friends and family With less cost, expense, worry, and stress The extra benefit of giving something back AND protects & preserves the environment It's a New Green DealSave money while saving the planet. So now, exactly what's preventing you from living your dreams ? No longer just for boat owners and water lovers, but for almost anyone that enjoys the best of the luxury lifestyle OR anyone that is concerned about social justice and environmental equity . Combining these specialized strategies can make the yachting lifestyle prudent wealth management and environmentally equitable. The yachting lifestyle is about much more than just big boats. It's for anyone with the financial resources and desire to enjoy life beyond the survival basics. It's only natural then, the more one has, the more one consumes. Unfortunately, there may be societal costs of excessive consumption. The current demand for climate justice is largely premised on one irrefutable fact. Unlike the broad spectrum of scientific assumptions, interpretations, conclusions, and predictions from numerous contradictory climate computer models about: what level of CO2, from what sources, by what date in the future, to what degree of certainty, could possibly lead to what range of consequences, and what if anything should or should not be done, by whom, and when, at what cost and who will pay, almost everyone recognizes and agrees - more or less; ceteris paribus, that above a certain range- the lower the CO2 and greenhouse gas emissions is probably for the better. But regardless of where one is on the climate crisis spectrum, it's largely unquestioned that the lifestyle and financial resources of the world's wealthiest people, in the wealthiest countries, result in more energy consumed, more fossil fuels burned, and the overwhelmingly disproportionate majority of green house gasses emitted. The one undisputed correlation: the greater the wealth, the more energy consumed & more pollution . But thus far, that has proven to be easier said than done. What does it take to be in the global 1%? Who are the 1% that pollute so much? Where do you rank? According to the Washington Post reporting on the Brookings Institute's income calculato r: "A $50,000 income in the United States has enough buying power to put you in the 99th percentile globally for per-person income. Within the United States, your income falls around the 80th percentile". Congratulations, as many reading this may not have realized they are in the global 1%! In the United States, an income of $362,000 is in the 1% , $126,000 is the top 10%. However it can vary by location. Rural Mississippi is not the same as the 1% in New York City. Regardless of how much of a climate crisis true believer they may be publicly, efforts to persuade most people to significantly change their lifestyles - give up their comfort and convenience, much less their boats, jets, excessive consumption etc. and reduce their carbon footprint to levels they profess is necessary for society to survive only exposes the corruption and futility. The climate hypocrisy to date is well documented. Actions certainly do speak louder than words. It's almost as if no one - not even the policy makers - really believe there is a climate emergency. Fortunately, YES Yacht Executive Solutions by applying it's strategies to make the yachting lifestyle economically and environmentally sustainable can now help many Americans - regardless of their interest in boating - or their private jet travel - many of whom may be some of the wealthiest and greatest polluters - to profitably and substantially reduce their carbon footprint. It's even possible to become carbon neutral. Yachting Economic Strategies = Your Environmental Solutions Most boat owners - and certainly the more affluent- probably already have a trusted team of qualified and highly compensated tax, legal, financial, investment, and yachting experts. Or at least the think they do? B ut could your team be over looking something? Could something fall through the cracks? How would you even know? Could they be more helpful in making the yachting lifestyle more rewarding? Could your team possibly be improved ? Can you have more boat for less cost and hassle? Or with less damage to the environment? Unless your yachting lifestyle is already profitable - with zero net carbon emissions- the answer is probably YES . As good as your current advisors are, no one knows everything. That's why every professional discipline requires continuing professional education each year in the hope of helping assure some level of minimal familiarity with all the changes. Unfortunately, as good as an advisor is in their discipline of tax, law or financial planning, asset or investment management, few CPA's, attorneys, and wealth advisors specialize in this class of alternative investment. They are neither equipped nor trained as to how to make the yachting lifestyle sustainable. They're just not very interested in reducing your carbon footprint. In fact, many are even prohibited by ethics and rules of professional conduct from even discussing it. Certainly if your current team of advisors- CPA, attorney, wealth manager, yacht broker, charter manager, etc knew how to make the yachting lifestyle economically and environmentally sustainable: prudent wealth management, and how to reduce or and possibly even effectively eliminate your carbon footprint - they would have already told you by now - wouldn't they? Why not let YES show you how to REALLY 'go green'? Precious few that seek to enjoy the best that the yachting lifestyle can offer have anyone on their current team of advisors capable and qualified of stewarding such alternative investments– or an advisor sufficiently confident in their abilities and willing to link their compensation to successful performance and achievement of goals. If you had a uniquely qualified, competent and experienced advisor – that acted almost like a partner – charged with protecting and preserving your net worth, whose long term interest was tied to yours, whose compensation was largely determined by successfully achieving your objectives, and had a strong monetary incentive to assure that your yachting lifestyle was both economically and environmentally sustainable, what could you accomplish, what could you achieve with another set of eyes from a different perspective? That if your current advisors knew, surely they'd have told you already- wouldn't they?
Trending TopicsFollow our news, recent searches, oil spill clean-up: yacht charters stuck in limbo, unsure about receiving compensation on economic losses, advertisement. To cope with the impact, some have been slashing boat rates while others are using social media to bring back customers. Yacht charters in Singapore are haemorrhaging losses from the recent oil spill nearly three weeks ago. This audio is generated by an AI tool. Claudia LimCalvin YangSINGAPORE: Yacht charters in Singapore are haemorrhaging losses from the recent oil spill nearly three weeks ago , and have been lowering boat rates and relying on social media to bring back customers. But these moves are not enough to cover the full extent of losses, they said. This comes even as government agencies develop rental deferral measures to help businesses struggling in the aftermath of the incident, Minister for Sustainability and the Environment Grace Fu said on Tuesday (Jul 2). SEEKING COMPENSATION FOR ECONOMIC LOSSESOn Jun 14, oil spilt into the sea after a Netherlands-flagged dredger hit a Singapore-flagged bunker vessel at Pasir Panjang Terminal. The oil spill stained several beaches along Singapore's southern coastline. Marinas at Sentosa and Keppel Bay were among the worst hit areas after the incident, and cancellations for boat charters swiftly followed. “I have easily about 10 charters being cancelled in the first two weeks, and that amounts to roughly S$80,000 (US$59,000),” said Mr Daniel Ong, owner of a super yacht docked in Sentosa's Marina One. He added that the oil spill also stained the boats. To reduce his losses, Mr Ong plans to compile invoices from these cancelled bookings before filing a claim with the Singapore-flagged bunker tanker and his private insurer. Ms Zheng Libin, owner of a yacht berthed at Keppel Bay, has decided to absorb the loss incurred, instead of seeking compensation. “The concern is if we were to do a claim, in the future they may increase our premium,” she said. “And of course, filing insurance claims (may not be) so straightforward, and we may need to wait for maybe months or even a year for the claims to come in.” Seaside businesses had previously told CNA about their fears that they cannot tide over a three-month hiatus and a potentially lengthy compensation process. Climate Conversations Podcast: Why oil spills are especially nastyBusinesses affected by Singapore oil spill may get help with rentDemand for services have slowed. While boat charters are now allowed to sail out to sea, owners said demand for their services has slowed. They added that there is still a stigma among customers that the surrounding waters are dirty. The drop in demand has made it tough for owners to cover the berthing fee of these yachts, which can go up to thousands of dollars. They are hoping for more to be done to help them tide through this period, and are exploring more ways to raise revenue to stay afloat. Mr Ong said: “We have to do some promotion to encourage charters to come back, or even drop prices easily by 30 per cent or so to help push through this period of time.” Ms Zheng said: “Instead of the chance to leave the marina, we can still carry out the activities on board. “So we have a KTV set, we play some poker cards, then we carry on with the barbecue and still do a potluck.” Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inbox Get the CNA appStay updated with notifications for breaking news and our best stories Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Related TopicsAlso worth reading, this browser is no longer supported. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be. To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. Upgraded but still having issues? Contact us Moscow luxury cars rental service (car hire)
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Yes, owning a yacht for charter can be profitable but owning a yacht will rarely "pay for itself.". Chartering your yacht presents some unique benefits that can lead to opportunities to make a profit off of your investment in a myriad of ways, including offsetting the cost of owning a yacht, selling your yacht for a profit, and even making ...
The financial landscape of owning a yacht charter business in the United States presents a promising but varied picture. . According to industry insights, the average annual revenue for a yacht charter business owner ranges impressively from $300,000 to over $1 million, highlighting the lucrative potential of the industry.
Listen to Audio Version. The global yacht charter market size was valued at USD 7.22 billion in 2022. The market is projected to grow from USD 7.59 billion in 2023 to USD 11.06 billion by 2030, exhibiting a CAGR of 5.5% during the forecast period. A yacht charter is a service for hiring boats for recreational and leisure purposes.
The yacht charter market is volatile. The yacht charter market can be influenced by economic fluctuations and changes in consumer preferences. Economic downturns or shifts in travel trends can impact the demand for luxury yacht charters. It is essential to monitor market conditions and adapt your charter business accordingly.
[if you are looking for 2015-2017 data click here] Finding the right boat or yacht to charter Rule 1: Whatever boat you think of buying get a great surveyor and a good yacht/ship survey done possibly choose a professional with yacht building experience. Finding the "right" boat is crucial in this process because the "right" boat will drive the type of clients who are interested in ...
Report Overview. The global yacht charter market size was valued at USD 6.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. The growing preference among travelers for luxury marine tourism and personalized services are the primary factors that are fueling the growth.
The Yacht Charter Market is expected to register a CAGR of 5.79% during the forecast period. The market was valued at USD 18.9 billion in 2021, and it is projected to reach USD 26.5 billion by 2027, The market was negatively impacted by the COVID-19 pandemic in 2020. Worldwide, the yacht charter industry was brought to a standstill by the pandemic.
Cécile Gauert gets the inside track from seasoned charter owners. A backed-up sewage system on a classic yacht left a rather poor impression on one owner, who had only recently embraced chartering. He had welcomed, with open arms, a country music star and his entourage for a short charter. Disregarding warnings posted in the dayhead, the ...
Exclusive data from MYBA and YACHTFOLIO show the superyacht charter industry is growing exponentially, with guests pushing to explore increasingly exotic destinations. ... A selection of super-sized charter yachts on the market this summer. On board the 43m hybrid-electric catamaran with solar panels and AI. An owner's guide on how to build a ...
The global yacht charter market size was valued at $11.4 billion in 2022, and is projected to reach $20.2 billion by 2032, growing at a CAGR of 6.9% from 2024 to 2032. Report Key Highlights: The report covers a detailed analysis on truck yacht charter market. The yacht charter market share has been analyzed from the year 2022 till the year 2032 ...
Expenses: A new sailboat is a big investment, but in the end our cost of ownership was one of the best parts of the whole deal: during our five-year charter ownership we received $101,587 worth of retail value charters at a cost of zero dollars. Like all charterers, we paid a turnaround and fuel fee (cleaning, linens, diesel for the engine ...
Yacht Market size was valued at USD 12 billion in 2023 and is estimated to register a CAGR of 7% between 2024 and 2032. The yachting sector has seen a steady increase in demand in recent years due to rising disposable income and a growing desire for leisure activities. The rising luxury travel sector, where individuals seek attention and unique ...
Empirical evidence, from a sample of yacht charter tourists and a database on charter firms in the Balearics provided by the National Charter Federation, gives information on daily tourist expenditure, the number of charter tourists and firms' turnover and employment. More than 100,000 tourists come annually to the Balearics to charter yachts.
The post below instead is primarily about the economics of ownership. The model below applies specifically to "bareboat" charter ownership of boats in the 40-50ft range. There are other charter ownership programs such as crewed charters, owner-operated charters, etc., that require a different set of assumptions and thus a different model.
The global yacht market size was estimated at USD 9.39 billion in 2023 and is expected to register a CAGR of 5.1% from 2024 to 2030. The yachting industry has experienced a steady rise in demand in recent years, driven by increasing disposable income and a growing desire for leisure pursuits. This trend is further fueled by the growing luxury ...
As with the Guarantee program, once the program has ended, there are three options: private use; yacht placement in a second tier charter operation for another 2 to 5 years; sell the boat. In some cases the charter company will trade the boat in or alternatively assist the buyer to sell the boat and upgrade to a new boat back into the program.
Owning a charter yacht can work well if you and/or your spouse wants learn to sail beyond the basics. With some couples, one may already be a strong sailor while the other wants to work on skills and maybe bring a group of friends without the spouse. Charter ownership can be like captaining with training wheels thanks to the peace-of-mind ...
Delivered in 2003, Lürssen charter yacht OCTOPUS is among the most expensive charter yachts on the market with a 13-cabin layout for up to 12 sleeping charter guests and a dedicated crew of 45. Completing her 20-year survey, as well as a full paint job and AV/IT upgrades, OCTOPUS' latest refit, following on from her gym and interior upgrades in 2021, remains largely under wraps but she's ...
Strategies and real world examples such as YES Yacht Charter Can Be Profitable and How $23,000 Becomes $840,000, not only demonstrate doing our fair share to solve economic inequities in the past, as well as the future, but can also go a long way, when properly applied, in minimizing any tax liabilities; past, present or future.
"I have easily about 10 charters being cancelled in the first two weeks, and that amounts to roughly S$80,000 (US$59,000)," said Mr Daniel Ong, owner of a super yacht docked in Sentosa's ...
Boat captain Doug White stands on the Rouxstir charter boat in the West End neighborhood in New Orleans, La., Wednesday, July 3, 2024. (Photo by Sophia Germer, The Times-Picayune)
The striking 400.3ft (122m) superyacht charter KISMET has been... 🤩 NEW KISMET going to MYS 2024 It has been announced that Lurssen will be bringing KISMET to this years Monaco Yacht Show. The striking 400.3ft (122m) superyacht charter KISMET has been successfully delivered to its owner.
This refitted classic yacht is one of the beautiful 40-meter models delivered by Westship before the global economic crisis of the late '2000s. Westship started building luxury yachts back in ...
Russia Yacht Charter Russia luxury cars rental; Moscow luxury cars rental services (car hire) ... 17 million within the urban area and 20 million within the metropolitan area. Moscow is the major political, economic, cultural, and scientific center of Russia and Eastern Europe, as well as the largest city (both by population and by area ...
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Geographic coordinates of Elektrostal, Moscow Oblast, Russia in WGS 84 coordinate system which is a standard in cartography, geodesy, and navigation, including Global Positioning System (GPS). Latitude of Elektrostal, longitude of Elektrostal, elevation above sea level of Elektrostal.
EWF B.V EAST WEST FORWARDING. Edelveis, Right Entrance, 2nd Floor Davidkovskaja, 121352 Moscow, Russia. Phone: +7 495 938-99-66; Mobile: +7 495-997-0977
The city of Petersburg issued a boil water advisory Sunday after a water line break at 800 Arlington St. The line connects to the city's main water supply. The cause of the line break is unknown ...
The state's top 20 deadliest wildfires, dating back to 1933, killed a total of 312 people, according to Cal Fire. The death toll from the extreme heat events identified by the Insurance ...
Wisconsin's tornado season looks different from decades ago. Tornadoes are beginning earlier in the year, and they're touching down more often, although scientists aren't sure whether those trends will continue. "It's pretty clear that climate change is having an impact on all weather ...