How Much Does It Cost to Charter a Yacht?

One of the biggest factors that will affect your budget is the type of yacht you choose. Yachts come in all shapes and sizes, and each has its own price range based on what it offers, here are few examples below (price range is approximate, but if you are lucky you may even find a cheaper option by contacting your AnyDay Deckhand via support icon.

Sailing Yachts

These yachts are the epitome of the classic sailing experience. They’re usually more affordable than their motorized counterparts, making them a great choice if you love the journey as much as the destination. Expect to pay anywhere from €1,000 to €20,000 per week, depending on the yacht’s size, age, and luxury level.

Catamarans

If you’re traveling with family or a group of friends, catamarans offer stability, space, and comfort. They’re a bit more expensive, with weekly charter rates ranging from €3,000 to €30,000. But the extra room and smooth sailing might just be worth the price.

Motor Yachts

For those who want luxury, speed, and the ability to cover more ground (or water), motor yachts are the way to go. These yachts can range from €10,000 to over €100,000 per week, with the most luxurious superyachts commanding even higher prices.

Gulets

Gulets are traditional wooden sailing vessels, commonly found in the Mediterranean. They offer a charming and somewhat nostalgic experience. Prices usually range from €5,000 to €50,000 per week, making them a unique but often more affordable option.

Now that you’ve got an idea of how yacht type impacts the price, let’s talk about other key factors that can influence the total cost of your charter.

Seasonality

The time of year you choose to charter will significantly affect the price. During the high season (typically summer in the Mediterranean), demand is high, and so are the prices. If you’re looking for a better deal, consider booking in the shoulder season (spring or autumn), when the weather is still pleasant, but the crowds and prices are lower.

Destination

Some destinations are simply more expensive than others. For example, chartering in popular areas like the Amalfi Coast or the French Riviera during peak season will cost more than cruising through less frequented regions. Keep this in mind when choosing your sailing route.

Duration

Most charters are priced by the week, but shorter trips can often be arranged, though usually at a higher daily rate. Conversely, some operators offer discounts for longer charters.

Yacht Size and Age

It’s no surprise that larger and newer yachts come with a bigger price tag. They often feature more luxurious amenities, advanced technology, and additional space, which can justify the higher cost.

Beyond the base charter fee, there are several other costs you’ll need to factor into your budget (make sure that you know what extra mandatory costs would apply before booking) :

Insurance

While it’s not the most exciting part of planning your yacht charter, travel insurance (and possibly specific yacht charter insurance) is highly recommended to protect your investment.

Value-Added Tax (VAT)

In some regions, particularly in the Mediterranean, VAT is added to the charter fee. The rate varies by country, so be sure to account for this in your budget.

Transit Log

A Transit Log is a mandatory document required in many regions that covers the yacht's registration in each port. It typically includes harbour fees, official paperwork, and any necessary permits. The cost of the Transit Log varies by location but is an essential part of your charter expenses, especially in the Mediterranean and Aegean Seas.

Watersport Toys and Equipment

If you’re looking to enjoy water sports during your trip, be sure to account for the cost of renting additional water sport toys like jet skis, paddleboards, or snorkelling gear. While some yachts include basic equipment in the charter fee, more specialized or motorized toys may incur extra charges.

Special Requests and Activities

Want to hire a private chef, arrange for shore excursions, or rent additional water sports equipment? These extras can add up, so it’s a good idea to discuss any special requests with your charter company in advance.

Fuel and Refuelling

For bareboat charters, you are typically responsible for refuelling the yacht before returning it. The yacht is usually handed over to you with a full tank, and you are expected to return it in the same condition. Be sure to factor in the cost of fuel based on your planned itinerary, as this can be a significant expense depending on how much you cruise during your charter.

Pocket Money and Provisions

Depending on the type of charter you book, it’s important to consider pocket money and provisions for a week-long trip. Set aside some pocket money for personal expenses during your journey, such as dining out at local restaurants, purchasing souvenirs, and any additional provisions you may need to buy. While your charter may include some essential provisions, you may want to pick up fresh produce, local delicacies, or other items that aren’t included. Be sure to budget for these everyday expenses as part of your overall trip costs.

Advanced Provisioning Allowance (APA)

This usually applies to luxury yachts. The APA is essentially a prepaid expense account that covers items like fuel, food, beverages, and port fees. It’s typically around 20-30% of the charter fee. Any leftover funds are returned at the end of the trip, but if you spend more than the APA, you’ll need to settle the difference.

Crew Gratuities

It’s customary to tip the crew at the end of your charter. The standard gratuity is between 10-20% of the charter fee, depending on how pleased you were with the service.

Chartering a yacht doesn’t have to break the bank. Here are some tips to help you manage costs:

Book Early or Last-Minute

Booking early gives you the best choice of yachts and often the best prices. On the other hand, if you’re flexible, you might find a great last-minute deal.

Share the Cost

Sailing with a group? Splitting the cost among friends or family can make a luxury yacht charter much more affordable.

Choose a Smaller Yacht

If you don’t need a ton of space or luxury, opting for a smaller yacht can save you a lot of money.

Sail During Shoulder Season

Chartering just outside of the high season means you can enjoy great weather at a fraction of the cost.

Chartering a yacht is an incredible way to explore the world’s most beautiful coastlines, but it’s important to understand the costs involved. By considering the type of yacht, your destination, the time of year, and additional expenses, you can plan a sailing adventure that fits your budget.

Ready to set sail? Explore a range of yacht options and book your next adventure through AnyDayCharter.com today!