Here’s Why Charter Companies like IYC and Yacht Jerico are Blooming

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The yacht industry may be on track for a post-pandemic boom. An April 2021 report from Grand View Research valued the global yacht market at $8.15 billion in 2020. It is expected to expand at a compound annual growth rate of 5.2% from 2021 to 2028. The global yacht charter market is projected to grow from $6.83 billion in 2020 to an estimated $10.82 billion in 2027, translating into a compound annual growth rate of 6.6%. This growth seems to be fueled by the ongoing rise in high net-worth individuals and an increasing number of intermediaries, with companies such as IYC and Yacht Jerico, likel…

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