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One Third of Chartered Yachts Worldwide Sail in Greece

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Greece is gaining market shares this year against France and Italy, with one in three chartered yachts worldwide sailing in Greece. Public Domain

Greece is the most preferred destination for chartered yachts over twenty meters worldwide, according to data from the International Yacht Company (IYC), one of the largest yacht brokerage companies internationally.

According to data, Greece is gaining market shares this year against France and Italy, with one in three chartered yachts worldwide sailing in Greece during the summer.

Last year, Greece emerged first worldwide as a destination with a 24 percent share, followed by France with an 18 percent share and Italy in third with a 16 percent share. Croatia followed in fourth place with 10 percent.

Based on bookings made this year through June for travel throughout this year, Greece increased its share by three percentage points to 27 percent. Especially for the summer, this share rises to 32 percent.

Duty-free fuel and VAT bring more chartered yachts to Greece

“Low rates on duty-free fuel and VAT have favored yachting activity in the country,” says IYC in its latest market report.

Market analysts say another factor that makes Greece attractive to yachts is the possibility of uncontrolled mooring. In other countries, yachts are only allowed in a few specific areas for a fee collected by either local or national authorities.

The pleasant weather throughout the year, combined with powerful winds, pristine waters, and stunning anchorages, make it a prime sailing destination that draws yachts from all over, IYC says.

Though many islands are remote and some don’t even have vehicles, accessibility by boat and helicopter is surprisingly easy, it was added.

“Some of the islands even enjoy airports, providing greater flexibility and choice to meet the yacht,” IYC says. “Cruising by boat is the best way to discover isolated bays, enjoy picnics in solitude, and make the most of water toys away from onlookers. Island hopping allows guests to experience the culture, immerse [oneself] in the villages and dine on fine delicacies unique to certain areas.”

Greece offers the best of the Mediterranean climate with mild winters and dry summers. Yachts typically charter during the summer months of June, July, and August. The months of May and September can be equally as rewarding once the hot heat has waned and the crowds have departed.

According to data from other charter companies, medium-length vessels also had a good year, without significantly increasing the number of charter weeks. On the contrary, smaller, mainly sailing vessels, saw a decrease in charter weeks this year.

Related: Greece is World’s Second Most Popular Destination for Superyachts

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