New York(United States):-  Global Yacht Charter Market is valued at approximately USD 6.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.3 % over the forecast period 2021-2027.

Yacht Charter is the practice of renting, or chartering, a sailboat or motor yacht and travelling to various coastal or island destinations. The increase in the number of private islands on cruise itineraries, growing adoption of alternative sources of energy has led to the adoption of Yacht Charter across the forecast period.

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For Instance: as per Statista in 2018, the United States was ranked second in the world based on renewable energy consumption, totaling almost 104 million metric tons of oil equivalent. Electricity utilities are increasingly noting the importance of providing renewable energy and many have begun to invest in these technologies and even set specific renewable goals. Also, with the increased involvement of intermediaries & hybrid business models, the adoption & demand for Yacht Charter is likely to increase the market growth during the forecast period. However, high costs impede the growth of the market over the forecast period of 2021-

The key regions considered for the global Yacht Charter market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading…