Yacht Charter Market - Impact of Covid-19 & Benchmarking the Sudden Strategy Change by Sailogy, The Moorings, Fun2 Rent, Incrediblue Ltd, Boatbound, Yachtico Inc, Princess Yacht Charter, Boatbookings, Zizooboats, Antlos
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Yacht charting refers to the practice of renting a yacht to travel to island destinations as it provides all the luxury comforts one would need. They are hired for vacation and corporate purposes. The two main kinds of charters are bareboat and crewed. They are also employed for sailing purposes. It offers all the benefits, from absolute relaxation to amazing adventures. Chartering a yacht allows one to explore a variety of destinations that offer all the comforts.
The key factors that drive the growth of the market are an increase in the demand for leisure activities due to a rise in disposable income and hectic lifestyles. The ease of booking a yacht has led to a rise in the popularity of yacht vacations among the youth to celebrate events in luxury, which will boost the market growth. However, yacht charting is quite expensive, which acts as a restraint for the market growth. Irrespective of these challenges, the rising popularity of boats and the increasing preference for luxurious & large sized yachts that can accommodate large groups will further propel the market growth in future.
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The market segmentation is based on yacht type and size. By yacht size, it is bifurcated into motor yacht (displacement, semi displacement, planing, catamaran, & trimaran) and sailing yacht (sloop, schooner, catamaran, & ketch). By yacht size, it is classified into large (over 50m), medium (30-50m), and small (up to 30m). Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
1) This report provides an extensive analysis of the current & emerging market trends and dynamics in the yacht charter market.
2) In-depth analysis has been carried out by constructing market estimations for key market segments between 2017 and 2023.
3) The report provides a quantitative analysis of the current trends and future estimations from 2017 to 2023, which helps identify prevailing market opportunities.
4) Competitive intelligence of the industry helps understand the competitive scenario across geographies.
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Key Players In The Value Chain
o Sailogy S.A.
o The Moorings
o Fun2 Rent
o Incrediblue Limited
o Boatbound Inc.
o Fraser Escape Bareboat Charters
o Yachtico Inc.
o Princess Yacht Charter
o Zizooboats GmbH
o Antlos S.r.l.
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