Home >> News >> Business >> Yacht Charter Market Research, Market Size, 2018-2026: Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts

Yacht Charter Market Research, Market Size, 2018-2026: Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts

Company Coverage

According to a new market research report published by Credence Research “Yacht Charter Market (Yacht Type – Sailing Yacht and Motor Yacht; Yacht Size – Small (Upto 30m), Medium (30 to 60m) and Large (Above 60m); Contract Type – Bareboat Yacht Charter and Crewed Yacht Charter) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global yacht charter market is set to expand with a CAGR of 5.4% throughout the forecast period to reach US$ 15.86 Bn by 2026.

Read Full Report: https://www.credenceresearch.com/report/europe-offshore-wind-energy-market

Market Insights

The yacht charter market growth is highly driven due to increasing interest in luxury cruising from high net worth and ultra-high net worth individuals (UHNWI) worldwide. With more than 200,000 households falling under ultra-high net worth category, yacht charter has been gaining immense popularity since the past few years. Similarly, according to 2017 World Health Report by Capgemini, the total number high net worth individuals (HNWI) worldwide increased by nearly 8% to a record-breaking 16.5 Mn. This has ensured a promising consumer base for yacht charter services worldwide.

Further, due to increasing interest of people towards marine tourism, yacht charter business is set to exhibit robust growth in the following years. Recreational boating has been witnessing immense popularity since the past few years, paving way for yacht charter services. Rising affluence and inclination towards luxurious lifestyle has significantly uplifted the demand for yacht chartering services across the world. Emergence of new tourist destinations (such as Southeast Asia) offering luxury cruising along with scenic beauty has been encouraging the HNWIs and UHNWIs across the world to explore such tourist destinations.

Increasing efforts from yacht builders and service providers focusing on providing more luxury features and memorable experience is another important factor encouraging yacht charter business. Yacht charter companies are now more focused on providing enhanced luxury cruising to their consumers. These companies have increased their focus towards improving their infrastructure including more sophisticated bars & restaurants, internet connectivity, and other related IT tools. In addition, yacht charter companies emphasize on providing online booking and guides for yacht charter. This has further facilitated the service, thereby supporting the market growth.

On the basis of type

The yacht charter market is led by motor yachts segment accounting for more than 2/3rd of the total market value. Asia Pacific is set to register the highest growth rate of 6.0% throughout the forecast period. The market here expected to be mainly driven by the consistently growing number of millionaires in the region along with increasing popularity of Southeast Asia as the next big destination for yacht charter.

Request For Free Sample Report @ https://www.credenceresearch.com/sample-request/59103

Which one of your yachts has been the most popular with customers?

Jabuticaba was undoubtedly the most popular yacht till we sold her a few years ago. She was a classic wooden double masted yacht better known as a Turkish Gullet. She was imported from Turkey built in Bodrum using Mahogany and Teak wood. She had over 400 sq mtrs of deck space and was the ideal party boat in Phuket.

Initially we had 8 cabins but as she was mostly used for events and parties, we converted the 8 cabins to an indoor lounge allowing guests to continue partying in case it rained.

Even though its been over 2 years that we sold her our regular guests still ask about her.  Ever since we sold Jabuticaba our catamarans have been pretty popular

Are there any plans to expand your fleet or your offerings in the future?

We are constantly adding new yachts to our fleet.  Not all boats are owned by us, many are leased or have sales contracts. We are also adding new destinations in Thailand and we have already lined up a few boats in Bangkok, Pattaya, Samui and Krabi for 2019.

We will also continue to be innovative and challenge the market by re-inventing the entire cruising experience. At Jabudays we say its as much about the Journey as it is about the destination. So, you bring a good mood and some suntan lotion and we’ll take care of the rest! (By bestinau.com.au)

Some of the major players profiled in the report include

Boatbookings.com, Camper & Nicholsons International Ltd., Fraser Yachts, Le Boat (division of Travelopia), Kiriacoulis Mediterranean, Sunsail, Inc. (division of Travelopia), The Moorings (division of Travelopia), Collaborative Boating, Inc., Cosmos Yachting Ltd., Nigel Burgess Ltd., Sailogy SA, Yachtico, Inc., Fairline Yachts Ltd., Zizooboats GmbH, Charterworld Ltd., Boat International Media Ltd., Northrop & Johnson and others.

Have Any Query? Ask Our Expert @ https://www.credenceresearch.com/inquiry-before-buying/59103

About Us

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