average cost of a week-long superyacht charter Monaco
If you’re chartering a yacht by the cabin, as opposed to an entire vessel, you’ll be paying for your private cabin accommodations and a full crew. The charter rate will also likely include a selection of water toys, meals and snacks tailored to your preferences, alcoholic beverages and custom itineraries. In many cases, you’ll also be expected to tip the crew for exemplary service — typically 15-20% of the base charter rate for your trip.
The length of your superyacht charter Monaco will play a pivotal role in the overall cost of your trip. Generally speaking, longer charters tend to be more cost-effective per day compared to shorter ones. In addition to the charter rate, cruising locations and VAT/taxes will impact the total costs of your trip. These additional expenses can range from just under 5% to over 20% depending on the location and type of yacht you choose.
On top of these, a yacht’s charter fees may include an onboard gratuity — typically 20% for a fully-crewed charter or more for a mega-yacht. While this is optional, it’s important to factor this into your budget. The goal of a yacht crew is to provide you with first class service, and it’s customary to reward them for this.
What is the average cost of a week-long superyacht charter Monaco?
The size of your charter party can make a significant impact on the final cost of your trip as well. Most yachts available for charter sleep six to twelve guests, with some larger vessels capable of sleeping up to 36. Chartering with a large group can help keep the per-person cost down, especially when traveling on a fully crewed charter.
Traveling during a yacht’s high season will generally increase the total cost of your trip. This is particularly true in popular destinations like the Caribbean, where peak season is December through April. The good news is that traveling during these times can still be very enjoyable and affordable, thanks to lower rates and weather conditions that are often favorable.
Leaving it too late when booking your charter a yacht can also significantly increase the cost of your trip. Whether you’re planning a luxury yacht charter in the Whitsundays or a superyacht charter in Monaco, booking your dates early will ensure you have a choice of yachts at your disposal and can secure the perfect one for your trip.
While it’s true that the coronavirus pandemic is pushing up charter prices, Ziriakus believes this is a short-term issue that should subside in time. The longer-term outlook for yacht charters remains bright, with the global economy continuing to recover and a growing number of people looking for an escape from the stresses and strains of daily life on land. If you’re interested in learning more about how much a superyacht charter costs or want to start planning your dream vacation, contact us for more information. Our team of experienced yacht brokers will be happy to assist you.