Yachts Charter Market: Rising Disposable Income Bring About Maximum Growth in Asia Pacific Market
In a recent report by Transparency Market Research (TMR), the vendor landscape of the global yacht charter market is expected to be having a stable growth owing to the increase in disposable income of people especially in the emerging nations of Middle East and Africa, Latin America and Asia Pacific. Some of the leasing players of the global yacht charter market are Boatbound Inc. Fraser Escape Bareboat Charters, Charterworld Limited, Boat International Media Ltd., Boatbookings, Zizooboats GmbH, and Yachtico, Inc. Yacht charter includes renting yacht for leisure and entertainment purpose. Yacht owners usually charter their yachts in order to cover some part of maintenance cost when they are not using them. As per the TMR report, the global yacht charter market is projected to earn a US$14.987 bn by the end of 2025. The market is estimated to expand with 7.2% CAGR during the period between 2017 and 2025. The value of the market was worth US$8.123 bn in 2016 as per the...