The global luxury yacht market to register a CAGR of 11.63% during the period 2018-2022.
Global Luxury Yacht Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is increase in recreational tourism. Tourism is a major economic activity across the globe and is a significant contributor to economic growth, employment, and social development of numerous countries. It also plays a key role in the global luxury yacht market, where commercial yacht operators or fleet operators form a significant part of business.
One trend in the market is focus of yacht makers on emerging markets. As the European yacht market is witnessing a slowdown due to postponed purchases and declining economic situation, yacht makers are shifting their focus toward emerging markets, such as China and Latin America.
Further, the report states that one challenge in the market is high cost of operations. Motor luxury yachts have every modern convenience installed onboard, such as ACs, television, navigation aids, radar, echo-sounding, and autopilot. In order to power all these amenities, luxury yachts require a reliable power generating system.
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
Foffy's Wonderland, a globally touring "pop-up" light paradise, is set to enchant Toronto this summer from June 21 to August 10, 2024, at Downsview Park, 70 Canuck Ave, North York. This unique event combines adventure and fantasy, with the adorable...
Vacation Innovations ("VI" or the "Company"), a leading provider of travel-related products, software, and services, was recently honored with two awards in the 2024 American Resort Development Association (ARDA) Awards Program....
Spotlio, a leader in mobile and digital solutions for the tourism and leisure industry, and RocketRez, an innovative cloud-based point-of-sale and online booking system, are excited to announce a strategic partnership that promises to transform the...
The Philadelphia Renaissance Faire® is delighted to announce its return to the historic grounds of Fort Mifflin this Memorial Day Weekend. Philly Faire invites guests to step into a world of unparalleled fun, fantasy, and family entertainment, from...
Marymount University and Placemakr, a flexible-use hospitality and multifamily operator, announce the grand opening of the Saints 24 convenience store at the Marymount Ballston Center campus. This store marks the first use of Amazon's Just Walk Out...
Divi Dive Bonaire, the esteemed dive operation of the renowned Divi Flamingo Beach Resort & Casino, has been widely celebrated and lauded with numerous awards since its inception. Following its recent accolade as one of the Best Overall Dive Centers...