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With the financial crisis receding into the past the international luxury yacht market is staging a comeback. Whereas the past decade had seen both luxury yacht rentals and purchase come under pressure due to the credit crunch today it is slowly but surely reaching levels last seen in the 1980’s. While many traditional buyers and rental client markets were stagnating (although now recovering) new entrants of both buyers and renters are helping to buoy the market. Increasing levels of affluence among Asian consumers and a new sense of optimism in certain Middle Eastern markets (amongst these Dubai where the property market is an excellent indicator of increased enthusiasm) have meant that large numbers of aspirant buyers are now bringing new excitement to the activities of yacht brokers. Many of these buyers have not been exposed to the yachting lifestyle and also have a desire to explore regions that were previously not part of their leisure and holiday planning. These aspirant buyers (and those who wish to rent yachts) are now ready to explore traditional yachting destinations such as the Caribbean and the Pacific, as well as the immense beauty of destinations closer to home such as the islands that can be found in the Andaman Sea.
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The resurgence of the international economic climate has a lot in connection with increasing popularity of holidaying on high-class ships. Whereas the past ten years has witnessed many high net worth persons fall under increased financial pressure the international economic gloom and doom seems to be a thing of the past. It has powered the growing numbers of innovative private yachts that are being developed and ordered. Yacht contractors are seeing more being purchased and designers are seeing an uptick in business. However, this is by no means the complete story. The entire world is evolving and increasing numbers of customers with greater sums of disposable income are realising that super yachts as well as other variants provide an remarkable chance to enjoy free time far from the pressures of the modern world wrapped in a package of luxury and especially a level of privacy – something which is becoming more and more precious in our gradually more connected world.
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Yacht builders have been stretching the possibilities of what exactly makes the yachting lifestyle so attractive. Along with input from yacht designers the new generation of luxury yachts boasts more functionality and greater range than ever before. In addition the cost of many types of luxury yachts has come down. In fact the market for second hand yachts is today more vibrant than ever before. After decades of lean times today there are numerous opportunities for those who want to explore the yachting lifestyle to purchase a used yacht. In fact the sheer numbers of used yachts available is staggering. These yachts are available in a variety of different shapes and sizes so there is bound to be the perfect vessel for those who want to take their first steps into the wild blue yonder.
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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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Imagine a life that allows you to explore a world where you are in complete control. With luxury yacht charters or ownership the only limitation is how hard you want to chase the horizon. Visit some of the most luxurious islands in the world and enjoy new cultures and experiences – or set sail for the sunset and drop anchor in a secluded bay. Reserve a berth at a luxury destination or drop anchor in a secluded bay and dive for your dinner which will be prepared by a master chef. The world is your oyster when you make the decision to explore the potential of yacht charter or ownership.