Yacht Charter Expects Market Bloom By 2025
Luxury yacht charter in Phuket continues to become a growing business. That, however, is not surprising as according to the results of the global yacht charter market, the future of the industry is positive. Alongside these data, the said report has also given some forecast on how the global yacht charter will be in 2025. It has also provided important data and insights on the critical factors, which could beget huge impacts to its growth.
Turkey and Croatia Lead the Race
According to the Trends Market Research’s report, the yacht charter market could expect moderate compound annual growth rate. Moreover, two of the countries in Eastern Europe namely Turkey and Croatia are anticipated to stay on top of the niche. Furthermore, boats arranged in Fort Lauderale, Genoa, Italy, and the United States are acclaimed to garner the most appreciation from boat lovers.
The demand for luxury yacht charter is also expected to remain constant and even increase in the next few years. This is because a lot of the people who belong to the wealthy sectors are more likely to adopt and invest in sailing vacations. The market is also expected to do well in the younger generation as most of them are into boating vacations as well.
Discounts and Better Services
According to the study, it would be advantageous for these companies to actually offer services and discounts for larger groups as it could help them gain more customers. The study also suggested that yacht charter stations must increase the quality of their services through the aid of modern technology. More so, it would also be better to have mobile applications as well.
Kinds of Yacht to Consider
In 2025, the motor yacht segment is still expected to dominate the market with roughly seventy-five percent market share. In addition, interior design and comfort remains to be the two most important qualities that customers will be considering. These two would be very important as customers choose the type of yacht that they want to ride. In terms of size, medium yachts are anticipated to do best, followed by the smaller ones.
Indeed, the data from the said report would certainly benefit the luxury yacht charter in Phuket and all those who want to work hard in improving their yacht charter businesses by 2025.