Superyachts
Billionaire Millennials are inclined towards charting
a superyacht during their vacations
According to Forbes, billionaires are growing, and COVID-19 has added incentives for avoiding crowds. The multi-billion-dollar global superyacht industry is rebounding fast after near-paralysis at the onset of the pandemic. Some have seen that their ultra-rich friends who own yachts and luxury villas had a nice time during the pandemic, and they had to lock themselves in city apartments!
“We’re seeing privacy valued more than ever before”
Leading yacht brokers agree that 2021 significantly outperformed any of the last 12 years. Sales of luxury vessels longer than 30 meters (98 ft) rose over 8% in the first nine months of 2021 from the same period of 2019 pre-pandemic, according to industry publication The Superyacht Group. The same happened with the sale of luxury villas, whose numbers have already surpassed 2019.
Superyachts are the most expensive asset a UHNWI can own, surpassing residential property investments, private aviation, high jewellery, and exclusive collectables. Industry figures show that the cost of a superyacht can range from $10 million second-hand to $600 million new. Over 200 new ones hit the water for the first time this year until September, up from 165 in the same period of 2019, and some 330 have been ordered to be ready before 2023, the Superyacht Group said.
According to Forbes, billionaires soared to 2,755, 660 more than a year ago. There is clearly money washing around, even as campaigners decry the impact of private yachts, jets, and space travel on the environment.
The younger generation—millennials—are tending towards chartering a superyacht rather than owning, finding its origin in the sharing culture and economy we currently experience. They like to be users of everything but owners of nothing. This generation values being debt-free and not having any responsibilities.
At Marbella Mountain Resorts, we offer our clients the opportunity to rent their own luxury yacht or speed boat with exclusive onboard services during their vacation. Our luxury packages include accommodation in one of our luxury villas, luxury yatchs, private jets and helicopter service.
The new generations measure wealth differently from their predecessors. The definition of being rich is taking a new direction, where free time, experiences, and emotions are a bargaining chip and measure the social positioning of an individual or family. Gone are the images of the stressed executive without time, without hobbies, trapped in his responsibilities to pay a mortgage.
New generations can be defined as “owners of nothing but users of everything”
Why do you want to buy if you can rent?
Stay in one of our luxury villa rentals in Marbella during your next vacation and choose your destination for your boat trip. From the coastline of Malaga, Marbella, and Estepona, sail towards Sotogrande, Gibraltar, and Portugal. Search for dolphins or even cross the Mediterranean to the north coast of Africa with lunch in Morocco!
Each experience is hand-crafted by our Guest Experience Manager, from planning through local destination reservations and on-the-ground care. Each client receives a personalised itinerary, access to custom services, and in-villa, world-class staff to ensure a seamless experience.
SEE MORE: Prive yacht services in Marbella
