Global luxury yacht charter looks back on a successful year

According to recently released industry data, the demand for luxury yacht charters is up 20 per cent this year compared to 2021.

Fischer Travel Enterprises, an exclusive New York-based travel and lifestyle company led by CEO Stacy Fisher-Rosenthal, has seen a huge increase in luxury yacht bookings this season from client profiles such as bankers and CEOs.

The reason for this, according to Fisher-Rosenthal, is the seclusion and privacy that such yacht charters offer. “Our clients are very wealthy people who run banks and hedge funds, and who have made a lot of money in recent years, who want to travel and who want the best,” the company CEO said.

Spectrem Group attributes this increase to growing affluence in countries such as the US. According to the group, the number of Americans with a net worth between $1 million and $5 million (about €1 million to €5.1 million) increased by 8 per cent in 2021, while those with a net worth of $25 million (about €25.7 million) or more increased by 18 per cent.

Fraser Yachts, one of the world’s largest providers of luxury charters with vessels up to 75 metres in length, also registered almost 500 bookings in the first half of 2022, a 32% increase on the previous year. Mark Dunkan, marketing and development director at Fraser Yachts, also said that the number of new customers has increased by 20 per cent this year compared to 2021.