We recently reported on the final “Sold Boats” report for 2015. Overall it was a positive year, and the prospects for the 2016 sales market all look good.
By all indication, the yacht charter industry also should see nothing but smooth sailing ahead. The global market research firm, “Future Market Insights,” recently conducted and published its “State of the charter market Report from 2014 to 2020.” Their analysis indicated: “positivity for the charter market, with growth of over 6% to a value of $ 51 billion forecast by 2020.”
The report attributed the yacht charter industries bright future to, “the increasing demand for yacht charter and rising disposable income of consumers.” The report indicated that the rise in demand for charters worldwide has been “supported by the growing number of charter destinations.” The framers of the report also felt that new innovation in yacht technology is, and will be, a major factor in the predicted growth anticipated by 2020.
This 85 ft Luxury Yacht Available for Charter or Sale
I can tell you first hand that here in Florida and our related easily accessible yacht charter destinations, we have experienced similar growth and anticipate it to continue, especially as we add exciting new destinations such as Cuba.
But, the Future Markets report felt that a large amount of their anticipated growth in the Charter Yacht industry will come from Europe. The report said, Eastern European countries such as Greece are “likely to experience the most rapid growth in comparison to other charter destinations – with a predicted growth of 7.2% by 2020.”
The report also said the Superyacht charters should see unprecedented growth as they can accommodate more people and provide all the benefits of a high-end cruise ship, in a more luxurious and private setting.
A New Kind Of Charter Experience
The report echoes a lot of our recent charter experience. In the last year or so, we are seeing a very new kind of charter client, looking for a whole new kind of charter experience.
As the report found, we are seeing a younger, hipper demographic with disposable income, that is recognizing the incredible value of a charter vacation.
We are also seeing more families who realize that dollar-for-dollar, a luxury yacht charter may not cost that much more than any vacation at a high-end resort, and yet offers an incomparable vacation experience.
Only on your own private yacht charter will you find an entire crew whose only purpose is to serve you and ensure the comfort of you and your guests. Think of the best service you ever experienced at a five-star resort and multiply it by 10, and you still will not come close to the “royal treatment” you will receive on your own private yacht charter.
Add to that your own skilled Chef to pamper you with epicurean delights, beautiful days and star filled nights on the open waters, and access to the best fishing, diving, and water sports around – and you just cannot beat a yacht charter experience.
Choosing the right charter experience can be challenging. If you would like to benefit from our expertise in these areas, or if you have any questions or comments about this blog post, do not hesitate to contact our Charter Specialists, or call us at (855) 318-6328.