Double-digit Growth on the Anvil in Asia-Pacific Yacht Charter Market, States Fairfield Market Research The global yacht charter market is driven by an upsurge in leisure activities as consumers across demographics discover the pleasure of yachting to exotic locations. Charter yachts are immensely popular as they rival the best that luxury hotels have to offer with the added advantage of complete seclusion as any tourists can travel to a waterbody of their choice. Tourists can visit several locations in a single trip and avoid the inconvenience of bumper-to-bumper traffic or lengthy waits at airport departure lounges, making yacht charters extremely appealing for those pressed for time or willing to pay for a premium experience. As per Fairfield Market Research, the global yacht charter market is on track to register an impressive CAGR of 22.85% from 2021 to 2027. Get a Sample Copy of Yacht Charter Market: https://www.fairfieldmarketresearch.com/report/yacht-charter-market/request-sample Government Initiatives to Play Major Role in Popularizing Yacht Charters National governments are putting various initiatives in place to boost local tourism and yacht charters are vital in this. The govt. of Indonesia has excluded the Clearance and Approval for Indonesian Territory (CAIT) from its marine tourism policy. This resulted in a profit of $600 million in 2019 alone. Yacht Charter Companies Entering Into Celebrity Partnerships to Raise Awareness Yacht charter companies are seeking out alliances with social media influencers to tap previously undeserved millennial or Gen Z audiences. Celebrities are chartering yachts for private getaways and documenting their experiences on social media, exponentially raising awareness among younger clientele who have the disposable income to indulge in luxuries such as charter yachts. Motor Yachts Most Popular in the Yacht Charter Market Due to Their Design and Range The motor yacht segment is anticipated to race ahead of other segments in the yacht charter market as it can cover maximum distances in the shortest timeframe. The shallow design of motor yachts allows them to easily enter narrow passages and coastlines, boosting their demand amongst end-users. Motor yachts have a larger deck space than other options in the yacht charter market, allowing tourists to be in the lap of luxury while travelling the high seas.
Yacht Charter Market is Likely to Thrive at an Impressive CAGR of 22.85% by 2027
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.