Pipeline

The global yacht charter category is anticipated to grow at a CAGR of 5.6% from 2023 to 2030. Growth of the category can be attributed to rising demand for recreational and competitive boating and sailing activities, growth in the number of High-Net-Worth Individuals (HNWI), increase in disposable income, growth of marine tourism, surge in expenditure on luxury vacations, and boost in demand from the corporate sector. For instance, corporate yacht charters are becoming increasingly popular among executives and companies for closing business deals or organizing important meetings in distinct locations and settings that are away from office distractions. Key factors restraining the category include elevated seasonal pricing, high taxation in certain regions, cautious consumer outlook due to geopolitical and macroeconomic uncertainty, and environmental apprehensions related to yachting activities. For instance, French Tax Authorities declared a bulletin involving changes to Value Added T...