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The cost to charter a luxury yacht is not always clear, especially if you are renting a luxury vessel for the first time.
Freedom, privacy, intimacy, service, comfort, exclusive experiences. No doubt, holidays onboard a charter yacht sounds like THE ultimate luxury vacation.
But how much does it really cost to charter a luxury yacht? Here is what to know and to expect.
HOW MUCH DOES IT COST & WHAT IS INCLUDED ?
First things first, yachts have a base price, which is the weekly rate to rent the boat. It usually accounts for 60% to 80% of the final price and refers to the cost of the yacht itself, with all its equipment and the crew service during the entirety of the charter.
Most often, the more spacious, luxurious, prestigious the yacht is, the higher the price. Yet, several other factors can significantly impact yacht charter rates.
Do not worry. It sounds tricky, but it’s quite easy to understand! Here is an overview that offers an in-depth look at charter yacht costs.
THE TYPE OF YACHT
Trimaran, catamaran, motor yacht, sailboat? Its size, the year it was built, the manufacturer’s brand? Its age, its reputation, the water toys available onboard, its engine?
The answers to these questions are among the criteria which determine the yacht charter base price. And to make it short: the higher the price of building, the higher its charter price.
It should however be noted that size is the key factor that impacts the price as can be seen below:
- For a yacht between 65ft (20m) and 100ft (30m):
Between 65ft (20m) and 80ft (24m), you can expect luxury sailing boats and motor yachts charters from $20,000 to $80 000, weekly.
Between 80ft (24m) and 100ft (30m), the cost of chartering a luxury yacht ranges between $80,000 and $120,000€, weekly.
- For a superyacht:
With yachts over 100ft (30m), the cost of charter ranges from $100,000 and above, weekly.
- For a mega yacht:
Over 200ft (60m), the charter cost, per week, goes from $300,000 to $1,000,000 and more. For instance, with her 136 meters length, Flying Fox chartering price starts from €3,500,000 per week and can host up to 36 guests and 54 crew members.
Yacht rental prices also depend on the season. They generally increase in the high season months – summer in the Mediterranean ( especially in July and August) or winter in the Caribbean (Christmas, New Year) – and decrease in the low season months.
Also, and whatever the season is, the yacht charter price may increase when popular events (carnival, shows, festival, etc.) are taking place.
The yacht charter price depends as well on the destination and is subject to the law of supply and demand, as much as any other product.
The Galapagos Archipelago is one of the most explicit examples. The yacht charters fleet is very limited; therefore, prices are higher.
On the other hand, in the regions offering large yacht charter fleets like the Mediterranean, prices are much more attractive due to competition.
Another factor that affects the price is the VAT. It depends on the destination and varies from country to country.
THE APA (Advance Provisioning Allowance)
As noted above, the yacht charter base price just generally covers the boat rental and the crew. This is where the APA comes in, an Advance Provisioning Allowance to pay for provisions, special customers’ requests, and fuel if needed.
The APA is a standard system, like a bank account, managed on your behalf by the Captain.
All the APA expenses are charged at cost. This is transparent budget management, and all the receipts can be provided upon request. During the cruise, at intervals and at the end, the Captain presents an itemized breakdown of all the expenses. On the last day, the remaining unused funds are reimbursed in full and in cash to the clients.
APA is an important part of the total cost of your charter. It usually represents around 20% for sailing yachts and 30% for motor yachts of the yacht charter base price.
The APA amount depends on the fuel consumption, taking into consideration that during a charter a boat cruise approximately 4 hours per day. It is also based on the food and beverages provisions.
Lobster and Champagne or shrimps and apple juice? We cannot think of a better example to explain that the APA is also subject to the clients’ specific requirements.
The APA is also used by the Captain and crew to pays for harbour fees and dockage, customs, laundry, and communication costs.
Since APA is payable in advance, at the time of booking, it is just an estimation. No worries ! WI teams, with over 20 years of experience, will assist you to determine as accurately as possible its amount. One basic rule: If you’re uncertain, estimate on the high side. Better safe than sorry!
Yacht Charter Price – The “ALL-INCLUSIVE” option
We have treated above the yacht charter when its price structure is made up of the base charter fee and a list of additional variable expenses such as the APA.
However, there is another option: the ALL-INCLUSIVE. Indeed, certain types of charter yachts in key locations like in the Caribbean, offer “all-inclusive” pricing, which basically gives clients a fixed price charter with all costs established prior to departure.
But what does ALL-INCLUSIVE mean exactly? All-inclusive means that most expenses are included in your charter fee: the charter (hiring and crew), food, drinks, snacks, and fuel consumption for cruising up to 4 hours/day.
However, it is necessary to plan a small APA (around 5 % of the charter fee) for premium food and beverages, taxes, mooring, and communication fees.
ALL INCLUSIVE VS PLUS EXPENSES OPTIONS
WI chart for an overview of what is included in these 2 types of charters.
THE COST OF RENTING A PRIVATE YACHT FOR AN UNFORGETTABLE PARTY
Birthday, wedding anniversary…any reason is a good reason to party and the best way to get together and have a great time with friends and family. If you want it to be memorable, make it in style: rent a private yacht!
You are attending special events such as the Monaco Grand Prix, the Cannes Tax-free World Exhibition; how about hosting a venue onboard a luxury yacht? Such events can be organized with the yacht at the dockage in the marina so she can host a larger number of guests. Prices are available upon request.
To sum up, the cost of a luxury yacht charter depends a lot on what are your plans. If you want to have a clearer idea of prices based on your current project, feel free to contact us.
From about $50,000 for 65 feet to a few million a week for a megayacht.
Renting a luxury yacht for a party can be as cheap as a few thousand for a small boat up to about $80,000 a day for a megayacht like Christina O to host from 24 to 34 guests.
Caribbean yacht charter prices vary according to the size, style, and age of the yacht you rent. Our luxury yacht charters are between $30,000 to over 1,000,000 per week.
It will cost you between $25,000 to $1,000,000 per week to charter a luxury yacht in France depending on its size, its range, and its fame.
A luxury yacht charter in Monaco from $35,000 to over $1,000,000 per week.
For yachts over 100ft (30m), the cost of charter ranges from $100,000 and above weekly.
For a megayacht over 200ft (60m), a weekly charter costs from $300,000 to $1,000,000 and above.
Most advertised prices only include the charter base rate (boat rental and the crew salaries). On top of that, add the APA, insurances (travel, cancellation), VAT and local taxes, crew gratuity, and delivery fees.
The destination plays a significant role in the cost of the rental. For example, prices are higher when the region does not have large charter fleets like the Galapagos. Other regions are more competitive such as the Virgin Islands or the Mediterranean.
Flying Fox, with her 136 meters length, can host 36 guests and 54 crew. Chartering price starts from €4,270,000 per week.
The majority cost around $150,000 per week, but some are even more expensive. Their selling prices are from around $10 million and above.
Wellington is showcased in the 5th season of Below Deck and her weekly charter price starts from $250,000 per week. She comes fully staffed and can accommodate up to 12 guests.
Count about $160,500 per week to charter Valor, showcased in Below Deck seasons 4,5, and 7.
The regular charter rate of My Seanna, which was showcased in the 6th and 8th seasons of Below Deck, is around $300,000.
Nothing mandatory, but it is usually recommended to tip from 15 to 20% of your base charter rate.
Black Pearl, with her 103,35ft length, can accommodate up to 10 guests and 5 crews. Her weekly charter starts from $69,000.
The weekly charter rate of Christina O starts from $683,000 a week. You can also rent the emblematic ship for a day to party. It will cost $54,900 per day for up to 12 guests, $67,000 for 13-23 guests and $79,000 per day for 24-34 guests.