Generating an Income from Your Yacht
15th July 2022
Have you thought about generating an income when you’re not using your yacht?
Owning, running and maintaining a luxury yacht can be a costly venture. Offering your yacht for charter can ease the financial burden whilst safeguarding the condition, value and maintenance of your yacht whilst enjoying the essence of ownership. With the rise in demand for luxury yacht charters across the world, this is an attractive and lucrative option to yacht owners.
Rita Luskovic, Head of Charter at Princess Yacht Charter shares her wisdom…
‘If you have a well-maintained yacht of 20m or more with a great crew, in a desirable location, with great fit-out and neutral interior design with high-quality bedding, linen, crockery and a fun collection of water toys, then Princess Yacht Charter is perfectly placed to advise you on how to achieve the greatest financial return.’
All charter yachts need to acquire commercial status and be operated as a formal business concern. However, Rita is adamant that there is no reason why a charter yacht owner should feel in any way burdened by such concerns. On the contrary, with a proven charter company and in affiliation with the management company to take care of these issues on the owner’s behalf, the key difference is one of mindset. The owner will need to book the weeks they wish to use their yacht, thus enabling charter guests to book the remaining available weeks.
‘By taking a lot of the expense and stress out of large yacht ownership, we often find that charter yacht owners use their yachts more frequently – and with significantly more satisfaction than ever before.’
The positive feedback from guests and retention of charter owners at Princess Yacht Charter, is testament to its operations. With offices in London, the Channel Islands, Spain, the Balearics, Portugal, Turkey, Germany and Switzerland, it has access to some of the most exciting destinations in the world and creates uniquely tailored charter itineraries. As a well-established company with a formal affiliation to the MYBA (Mediterranean Yacht Brokers Association), it provides back-up whenever and wherever it’s required for charter owners and guests alike.
If you’re thinking of placing your yacht for charter, contact Rita on +44 (0)207 499 5050 or email firstname.lastname@example.org and for further reading visit the website.