Global Traveler|June 2020
IMAGINE SETTING SAIL IN AN EXOTIC, far-flung destination, just you and your family or group of friends aboard a private yacht. The sun warms the deck, a soft breeze dances off the water, and an über-attentive crew caters to your every whim while the personal chef whips up the finest of the local cuisine with all of your culinary preferences top of mind. All the while, the captain navigates the yacht into secluded coves; to pristine, seemingly undiscovered beaches; or even to the hottest spots along the coast for a night out on the town.
“Sailing vacations offer the chance for you to discover a remote beach or restaurant only accessible by boat, snorkel in an uncrowded cove or watch the sunset at anchor wherever you choose in the world’s biggest swimming pool,” said Loïc Bonnet, CEO and founder, Dream Yacht Charter.
“A yacht charter is similar to having a fully staffed, floating luxury villa which allows you to explore beautiful regions with just the people you want to be with and only unpack your bags once,” added Melanie Burke, a yacht charter broker with Fraser.
Interest in this type of personalized yacht charter travel is on the rise, too. According to “Global Yacht Charter Market,” a report published in December 2019 by Transparency Market Research, the high cost associated with yacht ownership encourages customers to opt for yacht charter rather than outright purchase. The economics of yacht charters boils down to a more cost-effective travel scheme: Travelers pay only once during the usage and can fly to the destination and then charter rather than sail to the destination, saving time and fuel. The report also notes a change in consumer preference associated with owning luxury assets such as yachts, with charter services becoming more acceptable — factors expected to drive the yacht charter market.
In 2018 the global yacht charter market surpassed a valuation of $13 billion and is expected to see an approximate 7 percent compound annual growth rate through 2027, with a projected market value of $25.5 billion
“The growth and overall popularity around yacht charters in recent years is really unprecedented in the industry,” said Ian Pedersen, senior marketing manager, The Moorings. “This type of vacation has grown from being the best-kept secret of the seasoned sailing crowd to a mainstream and widely accepted type of vacation that appeals to travelers of all types.
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