Market reports charter

The charter market exhibited a slowdown in total number of weeks booked during the first half of 2024. Reservations across all major destinations have recorded a decrease for both Winter and Summer seasons, compared to the strong market observed in 2023. Additionally, driven by lower demand, the market recorded a decline in the average charter days booked per yacht. We anticipate an increase in bookings as the season progresses driven by last-minute requests and special rate offers. Nonetheless, booking patterns by destination across key cruising locations remain in line with 2023.

The 2024 Summer season is expected to reach 2021 bookings, with the East Mediterranean nearing last summer’s figures. Greece maintains its position as the top yacht charter destination claiming the largest booking market share. Conversely, the West Mediterranean, notably Italy, has lost grounds compared to last year.

For the upcoming Winter charter season, bookings are being secured at a slower pace versus the same period last year. Approximately 70% of bookings are in the Caribbean and The Bahamas, which has recorded a decrease in market share versus last year. The South Pacific, Southeast Asia and the Indian Ocean are showing healthy charter activity.