Image: Biletskiy_Evgeniy | Unsplash

Workcations, wellness, getting back to nature, and yachting are just a few trends expected to become big, but if you have a family, you might especially want to get in on the trend of yachting. Below is an exploration of why chartering yachts and boats are going to be so popular this summer. 

A Trend In An Industry That’s Growing More And More Popular

The yacht chartering industry has been growing steadily each year since 2019 and boat- and yacht-for-hire companies, such as BorrowaBoat, are likely to see more people charter vessels this summer. Experts have already predicted the industry will register a compound annual growth rate (CAGR) of 6.6% during the 2020 to 2027 period, with the value of the market increasing from 6.50 billion USD in 2019 to 10

Image: anyaberkut | Unsplash

Part of the reason for the industry’s growth has been the expansion by companies of their fleets as they make themselves available for more and more customers. Not only that, but some businesses have begun to explore new markets that have remained largely untouched. The industry has also witnessed the emergence of a lot of startups, which has increased the competition in a field that is already highly competitive. 

So it’s likely the industry will see more people chartering a yacht or boat. This won’t be just a trend amongst friends, however. In summer 2022, families, too, will be willing to take to the waves and experience the joys of chartering a yacht. Here’s why:

Closeness 

When a family visits a hotel or any other destination on land, there are always so many more distractions. The whole point of a holiday is to get away from it all and just enjoy the time together.