How the Pandemic is Affecting the Crewed Yacht Industry

According to Reportlinker.com, amid the COVID-19 crisis, the global market for Yacht Charter estimated at US$6.6 Billion in the year 2020, is projected to reach a revised size of US$9.3 Billion by 2027.

With so many changes in how we can gather and travel, we are seeing a big increase in our crewed yacht charters and attracting a lot of different types of folks:

• People who usually rent bare boats and vacation on cruise ships are opting for luxury crewed charter yachts because the process to charter is simple and you can go in smaller groups.
• People who have been thinking about changing careers and lifestyle for years are now taking the plunge and are  opting to purchase a boat as a business and run their own crewed charter.
• People who have a high net worth are also taking notice of the boom in luxury crewed yacht charters and are seeing the many advantages of this type of business including tax advantages.

The Best Way to Travel With Your Pod

Crewed yacht bookings are booming because it’s a great way to safely travel with your family or your pod. Many people think chartering a yacht is only for the extremely wealthy, but people are realizing it’s actually quite affordable. 

Let’s say a luxury catamaran that charters for $15,000 includes fuel, food — 3 meals a day — crew, and local taxes for a week for up to six guests. This means for everything, it’s $2,500 a person, which is less than a week at many nice hotels.

Check out our Caribbean COVID Tourism page to help you understand all of the ins and outs of traveling to these islands.

Helping Caribbean Tourism

Many small island nations heavily rely on cruise lines, which in turn have a positive effect on their economy. Each year, 2 billion USD are contributed to the Caribbean, 5.9 percent of entire GDP to some nations. With COVID bringing the cruise ship industry to a halt, the crewed charter industry is stepping in to help boat owners, travelers and island economies. So if you are thinking about your next vacation, we highly recommend a Caribbean charter. 

Want to know even more about traveling the Caribbean during COVID? Our client Sri Iyer recently bought a Lagoon 42 from us and has it in charter in the British Virgin Islands. In this video he gives a clear explanation of the entire Covid process. It could be very helpful to first time charter guests.