YACHT CHARTER: IMPACT OF COVID-19

1. YACHT CHARTER: IMPACT OF COVID-19 Yacht charter is the practice of renting a motor yacht or sailboat and traveling to numerous island destinations. Yacht charters are typically used for vacation, business, and leisure activities. There are two types of charter namely skippered and bareboat, in which, bareboat charters involve a person renting a boat. Majority of bareboat companies offer courses to teach basic seamanship and prepare people for bareboat chartering. Various associated businesses such as yacht management, which assists in the construction of new yachts are also entering the market. Yacht charter companies are focusing on vertical integration with major yacht manufacturers in order to increase their revenue. Get PDF copy @ https://www.coherentmarketinsights.com/insight/request-pdf/3902 Key players operating in the global yacht charter market are Fun2Rent, Sunsail Ltd., Boatbound Inc., The Moorings, Yachtico, Hanse Group, Sailogy S.A., Fraser Escape Bareboat Charters, Dream Yacht Charter, Incrediblue Limited, and Antlos.

2. Market Opportunities Growing emphasis on interior design of yachts can offer significant growth opportunities There has been increased emphasis on the interior design of yachts with growing use of exotic leather upholstery and aesthetic alignment of commodities inside the yacht. Furthermore, motor and sailing yachts are equipped with modern furniture, woodwork, and beautiful lighting. For instance, Hanse Group offers Hanse 370 and Hanse 400 yacht models with a new deck layout and updated design characteristics. The floor is made in teak style and cushions are of light cream color. Hanse Group offers new hull colors to its variety of colors such as desert sand and trabbi blue. Increasing preference for large yachts can present lucrative business opportunities The global yacht charter market is witnessing a trend of increasing yacht sizes. This is owing to rising preference of customers to explore destinations in large groups. For instance, in 2011, Sunsail introduced the Sunsail 41 – a three-cabin monohull yacht. It is the latest addition to the current 39i and offers more space with 3 rooms and a 2-head layout. Any Query? Talk To our Analyst @ https://www.coherentmarketinsights.com/insight/talk-to- analyst/3902 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 / UK +4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs: https://blog.coherentmarketinsights.com