Factors Influencing the Growth of Luxury Yacht Rental Industry in India

1. Factors Influencing the Growth of Luxury Yacht Rental Industry in India One sector that is witnessing exponential growth for a few years now is the luxury yacht rental industry. This post will be focusing on the factors that positively affect the industry. India is witnessing the growth of renting luxury yachts for some time now. Take Goa for example - whether it is the elite or one who wants to know what it feels like to tread the open waters, renting luxury yachts in Goa, is becoming a trend. Yacht in Goa is also a favorite pastime among tourists from India and beyond. One can easily find a corporate cruise in Goa from prominent companies associated with renting out luxury watercraft. Mumbai too is not far behind! When it comes to luxury corporate getaways, Mumbaikars who run large corporations are opting to take their delegates as well as their employees in open waters and enjoy some time off. If one flips through the pages of Indian history, it will be clear that the country has a soft spot for watercraft. Be it the houseboats of Kerala or the shikaras gliding through the waters of the Dal Lake, Indians have always been fascinated with pleasure boats.

2. There are some factors that are directly contributing to the growth of this trend in India. It is best to take a look at them in the sections that follow: •Indians now have more disposable income India is on the fast track of becoming a developed nation. The growth of the nation has been intimidating for some which are why some countries or politicians to be precise label India as a developed nation instead of a developing one. A positive effect of this scenario is that Indian families belonging to the middle-class section of the society, alongside the elite class, have more disposable income in their hands. This throwaway money allows a typical family to finally taste the elite life when they visit Goa or Mumbai and hire Yachts rental goa , Mumbai. On top of that, the Indian millennial generation now looks at luxury yachts as a means to satiate their entertainment needs. •There is a growing demand for offbeat weddings and social events in the country Gone are the days when weddings are held in a fixed, brick & mortar venue in India. Taking inspirations from movies and TV series, modern Indian couples are tying the knot beneath the stars and that too in the open waters! Wedding on a cruise in Mumbai Goa Chennai Kerala has become a common sight. This is another contributing factor to the growth of this industry in India.

3. •Dawn of attractive water-based competitions The country not only has started arranging for motorsports as well as offloading competitions, similar to its Western counterparts, India too now arranges a lot of water- based activities and competitions all over the nation. This trend is a direct result of the young generation and their hunger for adventure sports. When yearly competitions are organized, naturally, water sports enthusiasts will hire luxury yachts from leading service providers in order to practice and prepare. Conclusion If one takes into account the report published by Research and Markets, it is expected that the luxury yacht market is going to grow by a whopping seven percent by the end of 2020. Since India is on the fast track of becoming a developed nation, this projection will also have its effect here as well. When it comes to weekend getaways, entertainment as well as tourism, luxury yacht rentals will soon be prominent all over the country. Contact Us: Address – Panjim Goa 403001/Mumbai 400005 Makhani Mansion House, Colaba Ph.No. - +91 78873 66687 Email – booking@luxuryrental.club Website - https://luxuryrental.club/