Millennials billionaires are tending towards charting

a superyacht during their vacations

As the number of billionaires grows according to Forbes, and COVID-19 has added to incentives for avoiding crowds, the multi-billion-dollar global luxury boat 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 a Luxury Villa had a nice time during the pandemic, while they had to lock themselves at city apartments!

“We’re seeing privacy valued more than ever before”

Main yachts brokers agree that on 2021 is significantly outperforming 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. Same happen with the sale of luxury villas which numbers has already surpassed 2019. 

Superyachts are the most expensive asset a UHNWI can own, surpassing residential property investments, private aviation, high jewellery, and exclusive collectibles. The cost of a superyacht can range from $10 million second-hand to $600 million new, industry figures show. 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.

And with the number of billionaires soaring to 2,755 – 660 more than a year ago according to Forbes – 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 charting 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 value to be debt free, and not having any responsibilities. 

In 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 levels of social positioning of an individual or family. Gone are the image 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 Villa Resorts during you next vacation and choose your own destination for your boat trip from the coastline of Malaga, Marbella, Estepona, a sail towards Sotogrande Gibraltar, Portugal a trip out to search for dolphins, or even crossing 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 of our clients receives a personalised itinerary, access to custom services, and in-villa, world-class staff to ensure your experience is seamless.

SEE MORE: Prive yacht services Marbella

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