Fraser: charter was strong in 2017

Fraser yachts has reported a strong year for charter bookings for both retail and management across the year, booking 3700 days of charter in 2017.

In its 2017 round up, Fraser noted that almost 20km of yachts were booked this year.

Fraser said the Summer season started slow for the Brokerage, but later picked up in July and August. There was another dip in winter due to the hurricane season in the Caribbean.

America was the strongest market for charter, comprising 40% of Fraser’s bookings. 48% of its retail bookings were made by repeat clients and 36% of Fraser’s charter yachts were over 50 metres.

Also, Fraser saw more clients wanting to charter in ‘unusual destinations’. However, there was a lack of yachts that are able to travel in these waters, such as ICE Class vessels.

Charter

The yacht charter market is expected to grow through to 2025, with businesses tapping into opportunities in Asia Pacific, Latin American, Middle East and Africa.

In a recent report from transparency markets, the global market for yacht charter is expected rise by 7.2% CAGR between the 2017 and 2025 period, reaching a total revenue of $14.987 billion by 2025.

Fraser’s Market View

Fraser’s 2017 round up also gives a rundown on the number of yachts under construction. There are 409 yachts over 30 metres under construction across 129 shipyards. The number has dropped over last years figures but the 50-60 metre market has increased by 112%.

As expected, Italy is the country with the most yachts under construction (174) and Netherlands being the second most productive country (56 yachts). Also, 33% of the yachts being built are up for sale.