Luxury Yacht Charters Rise as Uber Rich Eschew Buying Outright

Sales of luxury yachts may be down but the world’s megarich have found another, more instantaneous way to get their high seas kicks — chartering a swanky boat instead.

Total chartered days for yachts longer than 50 meters has increased since 2020, according to IYC, a global firm specializing in the sale and charters of luxury yachts. Vessels between 60 to 70 meters posted the most growth last year, at 10%, whereas shorter yachts aren’t nearly as popular as before.