Yacht Charter Global Market Report 2022 : Market Size, Trends, And Forecast To 2026

LONDON, GREATER LONDON, UK, October 11, 2022 /EINPresswire.com/ — According to ‘Yacht Charter Global Market Report 2022’ published by The Business Research Company, the yacht charter market size is expected to grow from $12.13 billion in 2021 to $13.39 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. As per TBRC’s yacht charter market outlook the market size is expected to grow to $19.29 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growing popularity of luxury marine tourism is expected to propel the growth of the yacht charter market going forward.

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The yacht charter global market consists of sales of yacht charters by entities (organizations, sole traders, and partnerships) that are used for a specific period of time as a part of marine tourism for luxurious experiences. Yacht charter refers to a contract for the provision of sailing or motor yachts on a temporary basis. The charterer, or ship owner, hires out his vessel for a price. The skipper of the yacht does not have to be the person who…