Latest Global Charter Market Trends

HIGHER ADVANCED PROVISIONING ALLOWANCE (APA) REQUESTED

As the cost of goods and fuel in particular increase, 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-COVID BOOKING REQUEST PATTERN

Monthly booking requests seem to be following a more regular 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 size segment, are favouring yachts that have a lower fuel consumption.

‘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.

Popularity Of Yachts With

Yachts with a rich water toy collection clients selecting to visit more remote

A Slower 2023 Winter Season

The Caribbean and Bahamas, comprising season in comparison to 2022. The the primary charterers in these destinations, in 2022. As a result they may have

A HEALTHY 2023 ‘MED’ SEASON

Mediterranean summer charters account a significant 23% increase in 2022. activity in the Mediterranean, likely

WITH LARGE WATER TOY COLLECTIONS collection have become even more popular. With certain charter remote locations, toys are proving to be a great pastime.

Season

comprising 91% of winter season bookings, experienced a slower The holiday season was also slower. US based clients who are destinations, were finally able to charter in the Mediterranean chosen alternative vacation options for the winter season.

Season

account for more than 90% of total bookings, and experienced 2022. It is projected that the 2023 season will see healthy charter likely to reach but not surpass the levels seen in 2022.

ALASKA

PACIFIC NORTH WEST

Year round bookings, attracting US based clients.