Demand for Luxury Island Vacations Boosts Global Yachts Charter Market


Published Date : Jul 30, 2018

Albany, New York, July 30, 2018: Some of the leading companies in the global yachts charter market are looking to capitalize on opportunities across emerging nations. The rising demand for leisure activities across these nations will offer lucrative scope for the market’s growth in the coming years. MarketResearchReports.biz has added a report, titled “Yachts Charter Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” which studies in detail various factors enabling growth in the market. The report is intended to offer stakeholders exhaustive information on the global yachts charter market. In addition to this, it offers market intelligence for the companies operating therein.

The practice of renting or chartering yachts to travel to island destinations has gradually increased over time. The demand for yachts charter has risen in tandem with the willingness to spend on luxury holidays worldwide. Besides vacation, yachts are hired for corporate purposes, which has considerably escalated in the past few years. Other than this, renting them for sailing purposes has increased spurred by which the global yachts charter market is expected to report a positive CAGR between 2017 and 2025.

Chartering yachts come with the perks of exploring a destination as per your whims without compromising in factor. This as per experts is a chief driver enabling growth in the yachts charter market. Against this backdrop, the rising disposable income and inclination towards luxurious lifestyle will bode well for the market players. In addition to this, the ease of booking yachts has played a chief role in boosting the popularity of yacht vacations worldwide. Several times yachts are also chartered for special celebration purposes like birthdays or anniversaries.

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However, renting yachts comes with a high price tag, not affordable by every section of people around the world. This acts a key restraint to the global yachts charter market. Irrespective of this, the rising demand for luxury vacation and the increasing popularity of boats will continue aiding the market’s expansion through the course of the forecast period.

Asia Pacific, as per the report, has emerged as a lucrative market for yachts charter and is likely to outshine other regional segments in terms of CAGR. The booming tourism industry in Thailand, Singapore, Australia, and Malaysia, which also offer picturesque locations for island destinations offers a firm ground for the yachts charter market’s growth. In addition to this, increasing wealth and ease of booking yachts will favor the market in the Asia Pacific.

According to the report, the Middle East and Africa will emerge as a key market for yachts charter in the coming years. Rising tourism activities in Brazil and Dubai will aid growth witnessed in the yachts charter market in this region.

The report also profiles some of the leading companies operating in the global yachts charter market. These include Boat International Media Ltd., Zizooboats GmbH, Yachtico, Inc., and Charterworld Limited.

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