Latest Global Charter Market Trends

HIGHER ADVANCED PROVISIONING ALLOWANCE (APA) REQUESTED

With the cost of goods and fuel at a high, clients are requested to pay a higher APA (35% or 40% versus 30% of the total charter fee) to cover the cost of provisions and running expenses for their charter.

PRE-PANDEMIC BOOKING REQUEST PATTERN

Monthly booking requests seem to have ‘normalized’, returning to a more regular demand pattern in line with the pre-Covid period. Travel constraints during the pandemic resulted in a high number of last minute charters and an atypical booking request pattern.

Higher Demand For Fuel Efficient Vessels

With fuel prices at a high, certain clients, especially in the smaller yacht segment, are favouring yachts that have a lower fuel consumption, including luxury catamarans and sailing yachts.

Popularity Of Yachts With Larger Water Toy Collections

Yachts with a rich water toy collection have become even more popular. With certain charter clients electing to visit more remote locations, toys are proving to be a great pastime.

‘FUEL EFFICIENT’ AND ‘VAT FRIENDLY’ ITINERARIES

Destinations that can offer more ‘fuel efficient’ itineraries (eg. a charter in a cluster of islands closely located to each other) or have a favourable VAT structure, are expected to gain market share.

A Slower 2023 Winter Season

Comprising 91% of winter season season in comparison to 2022. The primary charterers in these destinations As a result they may have chosen

A HEALTHY, BUT SLOWER

Mediterranean summer charters account a significant 23% increase in 2022. in the Mediterranean, but is expected Mediterranean is seeing stronger fewer last minute bookings for the charter market in Greece and France, weeks booked on each yacht.

A Slow Summer Season

Both destinations are experiencing restrictions during the pandemic had venture to the other side of the Atlantic

2023

Season

bookings, the Bahamas and Caribbean experienced a slower The holiday season was also slower. US based clients who are the destinations were finally able to charter in the Mediterranean in 2022. alternative vacation options for the winter season.

2023 ‘MED’ SEASON

account for more than 90% of total bookings, and experienced 2022. Overall the 2023 season is seeing healthy charter activity expected to be a little slower compared to 2022. To date, the East activity compared to the West, but both regions are seeing month of August. Additionally, more yachts have entered the France, with both regions experiencing fewer average number of

Season In The Bahamas And New England

experiencing a slower summer season compared to previous years. Travel had boosted charters, but US based clients seem to prefer to Atlantic for their charter vacation.

ALASKA

PACIFIC NORTH WEST

Year round bookings, attracting US based clients.