We Take a Look at All the Costs of Chartering a Yacht
Clients asking how much does it cost to charter a yacht is one of our most commonly asked questions.
Just to give you a sense of the difficulty with telling someone how much it costs to charter a yacht is that, for instance, say a Luxury 46′ Catamaran, with 2 crew, can range from $7,000pp for a week based on two sharing in the high season, to just $1,000pp based on 8 sharing in the low season – that dramatic.
If you have never chartered a yacht before, and sometimes, even if you have, the bewildering number of factors that are sometimes included, sometimes not, can be overwhelming. That’s why we have created this article how much does it cost to charter a yacht to give you all the information you need and more.
So if you have no idea whatsoever how much it costs to charter a yacht, here’s an example – it can cost at little as £200, €220, or $240 per person to charter your own yacht for a week.
At the bottom of the market, you will get a 10-year-old yacht, around 32 feet (9m) in length, with two 2-person cabins, plus the saloon space that can accommodate guests too. So if you are up for offseason sailing in Croatia and have the right sailing qualifications, you can sail for as little as €12 per person a day.
That said, it’s fairly uncommon, most spend around €5,000+ shared with 2 to 8 people or more, yet there are more expensive options too if you have the budget.
The Big Challenge. Although we can say with some confidence, chartering a yacht is not that difficult, getting it just right can be the challenge. It is rare, but if you do get it wrong, you could face some unwanted costs at the end. Get it right, and you can stay relaxed with all your expectations not just met, but exceeded enjoying the best sailing memories ever.
The Options. These can vary slightly from one charter operator to operator but don’t worry; we are here to navigate you through all the options and terminology of the cost to charter a yacht.
If you are chartering regularly or booking for the for the first time, you will find our article an indispensable guide to cost to charter a yacht.
How Much Does To Cost To Charter a Yacht?
Bareboat Charter Cost. Let’s start with the basics. When calculating how much it costs to charter a yacht, the main cost is simply the bareboat charter cost. This is the price before mandatory and optional extras and the one you will be quoted most often. It would help if you usually used this to compare quotes.
Length and Cabins. The next two factors are the length (LOA) and the number of cabins. In the graph below, we have the average cost of bareboat yacht charter in the Mediterranean in 2015 based on cabins and length. Most cabins sleep two people. There are occasionally single cabins and crew cabins (not usually considered suitable for guests).
You might see the number of berths written like this: 8 + 2 +2. This means 8 berths in cabins, 2 in the saloon and 2 crew berths.
The Biggest Factor - Cabins
Cabins & Other Major Metrics of a Yacht
What is a Cabin? Just in case you unfamiliar with the jargon or want to be sure, a cabin is a room of a boat where you sleep. In the vast majority of cases, they are designed for 2, yet there are exceptions.
You might find our blog What is a Cabin Helpful.
What is a Berth? A berth is somewhere to sleep. Hence you might expect to hear someone say it’s an 8 berth yacht, referring to the number of people who can sleep on the boat.
Cost Factors. As you might expect, the number of cabins, along with the size of the yacht overall, are the biggest factors when it comes to price (not always – see the finding value tip below.
Top Tip – Finding Value. The trend of the price increasing with cabins ceases at the over 15m category for several reasons. For a start, greater skill and experience is required to safely sail a charter yacht of this size; it is approaching the point where many non-professional skippers no longer feel comfortable. We are also beyond the typical group size, which is generally looking for 3 or 4 Cabins.
You can find extra value for large groups if you hire a 5 cabin >15m Yacht.
The Three Biggest Components of Yacht Charter
A Closer Look at the 3 Main Components of Price
If you know what type of boat you want and even what model and make, these will all affect the cost of a yacht charter. Needless to say, if it’s your first time and you don’t know what will suit you, your expert consultant will take you through all the possibilities and cost to charter a yacht. Here’s a breakdown:
Type of Boat. There are typically 3 types of boat available to charter in price order:
- Monohulls. A singled Hulled Boat, favoured by some who like the dynamic feel of sailing.
- Catamarans. A Twin Hulled boat with plenty of space between, favoured by those seeking space and additional luxury.
- Motor Yachts/Catamarans. For those looking to get places fast.
Why not read our blog Monohull Versus Catamaran.
Cabins. As mentioned above, the number of separate places to sleep will often go hand in hand with Length.
What Cabins Means to Cost: Typically, the more cabins, the more expensive the yacht, but they can be shared amongst more people to keep costs down.
Length (LOA): The length of the boat from back to front. As boats get longer, they get wider too.
What it Length Means to Cost: It’s one of the biggest factors. The most expensive yachts will have a low number of cabins on a large yacht.
Age. How old the boat is.
What Age Means to Cost: Old boats have a salty smell, and there is an increased chance of in-charter maintenance, yet they are cheaper. Newer yachts feel and smell new and are in demand.
The Extras, Deposit & Insurance
Dealing With the Small Print
Big Choices Out of the Way. So, by now, you will have chosen the right size, length, age, type, and boat model! Now there are some other extras to be considered, both optional and compulsory.
Variations. There is a variation in how charter operators deal with this; for example, towels and sheets are included in the cost of a yacht charter; for others, it’s part of a mandatory starter or welcome pack.
Deposit. It would help if you also considered the cost to charter a yacht, that you would have to pay a deposit to cover any damage up to the price of the deposit. The operator’s insurance policy covers any damage after that.
Final Cleaning. Sometimes included, sometimes added as a compulsory extra or included in some other compulsory element like a comfort pack. Most companies will not allow you to clean the boat yourself.
Insurance. Boats are typically insured against:
- Risks arising from liability to third parties and damage to the hull
- Machinery and equipment
- Third-party liability
- Sea pollution liability
Insurance - What's Not Covered
Learn All About the Different Types of Insurance
In each case below, the chances of being involved with something going to get bills spiralling are low, but we think it’s well worth looking at what they are and what you can do about them.
Liquidation Liability. Although it’s scarce, your operator could go out of business. This is something for you to consider and look to insure against.
The Deposit. It’s worth mentioning again that you can stand to lose all of your deposit if something happened. There are insurances available in some jurisdictions that can insure against this liability (Do ask your charter consultant for advice on this).
Change of Circumstances. Our clients are often booking a long way in advance, so be aware that your initial deposit is non-returnable. You may want to seek out insurance to cover cancellation.
Holiday Insurance. Just like any holiday, there is the chance that you need to use local medical facilities, or you could lose your luggage. We do recommend that you seek out adequate insurance cover for your needs.
Often Mandatory With Insurance
- Starter Pack/Welcome Pack
- Transit Log
- Final Cleaning
- Safety Net
- Extra Linen
- Beach Towels
The charter cost also usually requires a safety deposit which will vary depending on the boat’s length.
Recommended Optional Extras
There's Always Extras - What You Need to Know
Whilst an Outboard Engine is strictly an option with most fleet operators, it is optional, it’s not for most people.
Some charter companies include this cost to charter a yacht, others separate it, whilst a few offer different sizes. Expect to add €80 to your cost to charter a yacht to have one included, or if you’re feeling athletic, you can always row ashore!
Safety Net. If you are sailing with children, a safety net rigged around the guard rails is necessary. Expect around €80 for one to be added.
Adding Crew To Your Yacht Charter
The Cost of Adding Crew to Your Charter
… add affordable crew
If your expected cost to charter a yacht allows, why not add a hostess or a cook? For the cost to charter a yacht, this is an effective way of arranging something very tailored and great value for money. At around €100 a day (a little more for a cook), the crew will look after your every need.
A point to note, you will be expected to include the food costs of your crew, so allow for this when planning the cost to charter a yacht.
Skipper. Let a professional sail the boat for you; using their expert professional knowledge, they can find the best possible routes, places to drop anchor and swim.
Cook. Get the very best local produce cooked by a professional chef who will create delicious meals.
Hostess. Sit back and relax while your hostess serves food, drinks and helps out around the boat.
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