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The improving state of the global economy is good news for both consumers and those who want to at last throw off the worries of the credit crunch and global economic downturn that not so long ago was the cause of gloom and doom. One of the reasons that yacht rental is becoming an increasingly popular way of enjoying stress free leisure time is that there is simply more money available for wealthy individuals for yacht charter. Luxury travel is now within the reach of more and more people and they are voting with their feet – specifically using those feet to rent a yacht and board for the holiday of a lifetime. This sort of vacation is increasingly popular with people from countries in Asia and Southeast Asia where levels of disposable income have been growing steadily. Chinese consumers for instance have seen the amount of money that they have to spend steadily increase over the past decades and these newly wealthy consumers are attracted to the freedom and relaxation that is part and parcel of the yachting lifestyle.
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The resurgence of the global economy has a lot to do with the rising popularity of holidaying on luxury yachts. Whereas the past decade has seen many high net worth individuals come under increased financial pressure the global economic gloom and doom seems to be a thing of the past. This has powered the increasing numbers of new yachts that are being designed and purchased. Yacht builders are seeing more yachts being ordered and yacht designers are seeing an uptick in business. But this is by no means the whole story. The world is changing and increasing numbers of consumers with larger amounts of disposable income are realising that super yachts and other yacht variants provide an exceptional opportunity to enjoy leisure time far from the pressures of the modern world wrapped in a package of luxury and especially privacy – something that is becoming more and more precious in our increasingly connected world. Many of these consumers are from countries that are rapidly developing such as China and India where a yacht broker, a yacht builder or those who design yacht interiors are seeing more and more business flowing in.
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It’s not only the yacht broker who has begun to smile for the first time in years – those involved in yacht design are also beginning to see business pick up rapidly. The increasing numbers of yacht buyers mean that requests for custom hulls, finishing’s and furnishings are increasing on a monthly basis. Yacht designers are seeing requests for all sizes and types of luxury yachts increase. From Mega Yachts and Super Yachts to smaller models sales are steadily creeping upwards. Sales of previously owned yachts are also on the increase. With many yacht owners having to cope with the credit crisis meant having to dispose of non-core assets. Although this is changing those is search of a yacht for sale may find that there are bargains to be had when they’re looking for yachts for sale.
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However, for those who want to venture off the beaten track there are now numerous options around regions that are only now opening their arms to a new breed of yacht charter aficionados. Destinations such as the islands off Vietnam or other Southeast or Asian locations now reward the avid explorer with new experiences and brand new infrastructure that can today be compared with the best that the world has to offer. These countries in this fascinating region are fast gaining a reputation for unspoiled natural beauty and friendly people. This is attracting more and more yacht charter operators to the potential of new markets. This is especially important due to the increasing spending power of consumers from countries such as India and China. For generations only the very top earners in these countries would have the ability to spend on a yacht charter – however today increasing levels of affluence have changed that picture.
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Today those who are looking to purchase a yacht are eager to explore brand new places. Just as the Mediterranean and the Indian Ocean challenged people to explore and discover throughout history today a whole new breed of explorers is opening up other oceans and seas to provide an opportunity to explore even more mysterious and fascinating lands. From the most beautiful islands off the coast of Vietnam to the ancient Black Sea ports and even further afield off the coast of Africa people who have purchased yachts are the modern day equivalent of the explorers of old – with one major exception. Rather than surviving on stale ships biscuit and a small measure of rum each day they are now exploring in the lap of luxury. These explorers have a crew of dedicated and sea wise people who are willing and able to fulfil their every wish. If it is fresh seafood caught in pristine waters they will provide, if it is something as simple as a cool drink or a snack they will be on hand.