The benefits of yacht ownership include spending time on board with friends and family, touring the world, discovering new locations, and enjoying six-star service. Yacht owners want to maximize their time on board, but there are sometimes weeks or months of the year when they cannot use the vessel. Chartering out the boat is a fantastic alternative for individuals who prefer to keep the yacht (and its crew) active while offsetting some of its running costs.
As the worldwide market continues to expand each year, investing in a charter yacht offers owners a substantial return on investment. There are presently 1,800 ships with more than 20 meters available for lease worldwide, and the demand for private yacht trips continues to rise. Individuals wanting a luxurious getaway, an adventure-filled journey, or quality time with loved ones, all in a breathtaking setting, are drawn to charters.
Yachts may cruise the globe by their very nature, but the most popular charter destinations are the Mediterranean in the summer and the Bahamas and the Caribbean in the winter. You can develop a custom schedule for boats of any size to explore these locations, which are teeming with sites to visit. In the summer of 2020, 32% of booked charters took place in France, followed closely by Greece; these gorgeous yachting centers continue to attract tourists due to their culture, pleasant temperature, and great sailing. These regions attract adventure-seekers and scuba-diving aficionados and should be considered as possible bases for your boat.
One of the primary reasons yacht owners offer their vessels for charter is to earn revenue to cover a portion of the vessel’s operating expenses. A busy charter boat may produce 12 or more weeks of charter per year, resulting in a handsome profit for the owner. In addition, the customer is responsible for gasoline, dockage, meals, and other incidentals for the duration of the charter. There are also several tax perks and deductions available to US citizens who charter out their yachts since the vessel can be classified as either a business asset or a second residence.
A busy charter sailboat is advantageous for both the owner and crew. If there are long intervals between owner vacations, the permanent personnel may be “underutilized.” The concept of an active yacht, complete with additional compensation for the crew, motivates those on board to maintain high standards and attracts the most qualified crew members. In addition, the variety of charter customers and their unique expectations will result in the crew’s service and experience improving with each itinerary.
When acquiring a yacht, it might be quite useful to consider the vessel’s reputation on the charter market. If a vessel has a successful track record owing to its crew, design, or location, it will be far more appealing to potential visitors and a wise investment for the future. It is also essential that the yacht has the proper categories for chartering, as the requirements for private yachts are different. The12knots.com team can help you through the different requirements and surveys necessary to ensure that your boat is ready to receive guests.
As a charter boat in the worldwide fleet of12knots.com vessels, you will receive the highest level of charter management from our seasoned staff. Your boat will be advertised and positioned to attract clients from across the world, utilizing our team’s years of experience. Your professional charter manager will handle all paperwork and agreements from start to end, assuring a stress-free and flawless experience for all charter customers.