Global Yacht
Charter Market: Overview
Yacht chartering
refers to the practice of renting a yacht for recreational or
corporate purposes. Owners spend significantly on the maintenance of
yachts. Furthermore, they use yachts infrequently. Primarily, yachts
are employed for sailing purposes. Considering these factors, the
provision of chartering yachts provides owners an effective way to
recover the maintenance costs. Factors such as the growing population
of affluent people worldwide, rising popularity of yacht vacations
among the young population, and ease of booking yachts have been
propelling the global Yacht
Charter
Market
since the last few years.
The ease of booking
can be contributed to the convergence of web-based yacht charter
applications in the yacht chartering business. Owing to these
applications, customers can easily look up for yacht services on the
Internet, choose suitable options, and make bookings within minutes.
This factor is expected to lead to significant growth avenues for the
global yacht charter market during the forecast period.
Exhaustive market
data has been included in the report to provide a brief outline of
major segments of the market. Based on criteria, the global yacht
charter market can be segmented into mode of operation, yacht size,
end-use, consumer, and geography.
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Global Yacht
Charter Market: Trends and Opportunities
The report on the
yacht charter market unravels the most crucial details about the key
elements of the global yacht charter market, over the review period
and the present times. The report also presents a forward-looking
perspective of the market and presents forecasts pertaining to market
segments during the period between 2016 and 2024. It provides
insights into the most influential drivers, restraints, and trends in
the market. It also studies their impact on the market’s growth
prospects during the forecast period.
Major trends
observed in the global yacht charter market in the past few years
include rising preference for large sized yachts that can accommodate
large groups, booking services through web portals, and increasing
partnerships between yacht charter mediators and travel (air or land)
booking service providers.
The rising
popularity of boat shows and promotional events presents a great
opportunity for yacht manufacturers and yacht charter companies to
market the latest yachts directly to potential consumers. The
increased consumer preference toward luxurious yachts with excellent
interiors, even if the services are somewhat expensive, is another
major growth opportunity for companies.
Global Yacht
Charter Market: Region-wise Outlook
Geographically, the
global yacht charter market can be segmented into North America, Asia
Pacific, Europe, and Rest of the World. In terms of revenue,
countries in the Mediterranean and Caribbean regions account for the
major share of the global yacht charter market. However, the yacht
charter market in Asia Pacific is estimated to expand at the fastest
pace during the forecast period. Demand for yacht charter services in
Asia Pacific is likely to be driven by the affluent middle class
population – exotic vacations and parties have become affordable to
this group due to their high disposable income. The yacht charter
market is also projected to expand significantly in Europe, as the
demand for leisure activities has increased owing to the
post-recession stability in the region’s economy.
Global Yacht
Charter Market: Competitive Landscape
The global yacht
charter market is dominated by international companies such as
Sailogy S.A., The Moorings, Fun2 Rent, Incrediblue Limited, and
Boatbound Inc. Other key vendors operating in the global yacht
charter market include Fraser Escape Bareboat Charters, Yachtico
Inc., Princess Yacht Charter, Boatbookings, Zizooboats GmbH, Antlos
S.r.l., TUI Group, Collaborative Boating Inc., Sunsail Ltd., Hanse
Group, Dream Yacht Charter, and Sailogy S.A.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
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