DUBLIN, Dec. 12, 2022 /PRNewswire/ — The “Yacht Charter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to  ResearchAndMarkets.com’s offering.

The global yacht charter market reached a value of US$ 7.18 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 12.12 Billion by 2027, exhibiting a CAGR of 9.12% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Yacht charter refers to the process of renting a motor- or sail-driven marine vessel for recreational or commercial purposes. These services are typically used for traveling to various coastal areas without owning a yacht.

These privately or company-owned yachts that are offered on a rental basis consist of luxury facilities within the vessel, such as professional crews, captains, and online or on-call support. Several charter companies also furnish yachts and provide a detailed itinerary based on the requirements of their clients. As a result, they find immense applications in luxury marine tourism and recreational boating.

The market is primarily driven by significant growth in the marine tourism sector. Along with this, the rising preference for personalized services in tourism…