Wilmington, Delaware, United States, Feb. 01, 2023 (GLOBE NEWSWIRE) —

Transparency Market Research Inc. –

The


global ma


rket for yacht charter


is anticipated to advance at a CAGR of 6.1% from 2022 to 2031, according to a recent market research report by Transparency Market Research. The industry was valued at US$ 22.3 Mn in 2021 and is projected to reach US$ 40.5 Mn by the end of 2031. Booming marine tourism industry in several developed economies and rise in costs associated with ownership of a yacht drive the global market. Furthermore, increase in number of innovative yacht chartering services, such as crewed chartering, skippered chartering, and cabin chartering, offered by market players propels market demand.

Yacht Charter


Market: Key Findings of Report

• 
  Increase in Trend of Conducting Off-shore Meetings on Yachts
  
  : The number of meetings between world leaders and top business executives conducted on yachts has increased in the past few years. These meetings, held in picturesque locations away from the distractions of the office, enables more focused and productive discussions. This trend toward holding meetings on yachts is a positive development for the yacht charter market, as it drives demand for these services.
  
• 
  Rise in Popularity of Sailing Yachts
  
  …