Charter Market Report January - December (Q1-Q4) 2024 Overview

The charter market experienced a slowdown in total number of weeks booked throughout 2024. However, overall market conditions remained stable, with bookings reaching 91% of the total recorded in 2023, reflecting a return to more normalized levels. Reservations across major destinations declined for both winter and summer seasons, compared to the stronger performance observed in 2023. Despite this reduced demand, the total number of charter yachts booked remained consistent with the previous year. Booking patterns across key cruising locations continued to align closely with those seen in 2023. 

The 2024 winter charter season saw the lowest booking numbers in recent years. Conversely, the 2025 winter season is gaining strength, with reservations already exceeding last year’s total. For the summer season, 2024 bookings reached 87% of the 2023 total, akin to 2021 levels. Both the Eastern and Western Mediterranean fell short of last summer’s figures, although Greece remained the top yacht charter destination with the largest market share. The Western Mediterranean maintained a stable booking market share compared to the previous year. 

The purpose of this report is to provide an overview of the current state of the charter market in 2024, focusing on the global booking trends and reservations during the summer and winter seasons. IYC is closely monitoring the charter market conditions and client preferences, which are shaping the industry trends in response to global events.