For those looking to enter the luxury yacht charter industry in Monaco from the outside, it can be a tricky process to navigate. Where to begin? How do you know what you want in a luxury yacht? For many, booking a private yacht charter is the perfect way to get your feet wet (so to speak). Read on for more information on booking a luxury yacht charter in Monaco to gain better insight into yacht ownership.
Want to get onboard right now? We’re going to share the hottest charter yachts available to book during your visit to this year’s Monaco Yacht Show 2023, being held in Port Hercule from September 27 – 30, 2023.
Should I Buy a Yacht, or Charter a Luxury Yacht in Monaco?
What Yacht Should I Buy?
Maybe you’ve taken a day trip on a sailing yacht before, or booked a catamaran during a luxury resort stay in the past, but do you really know what yacht you want to buy? Is a motor yacht your style? Or are you looking to land some big fish on a sportfishing yacht?
Booking a luxury yacht charter (or multiple ones) can help you narrow down your selection.
- You get to “test drive” different yachts, just as you would a car.
- You’ll get to understand how different yacht types or sizes move, how the crew live, how much space you need for yourself, your crew, and any guests.
- You might think you prefer a sleek, sport yacht, when really, a large tri-deck superyacht is a better fit for you and your cruising plans.
What Size Yacht Do I Need?
Chartering different small and large yacht sizes will also help you realize how much space you truly need onboard. Is it just going to be you and your small family? Or will you want to have guests onboard? Not only the number of charter guests, but you’ll also get an idea of how big (or small) a yacht can feel when every cabin is filled, and your yacht crew is onboard. Equally, you may think you need a large luxury yacht, only to charter a different size and realize you could actually be quite comfortable on a smaller yacht.
Chartering different small and large yacht sizes can help with charter budget planning since larger luxury yachts will naturally have a larger price tag, but also come with higher running costs annually and higher crew wages (to accommodate a larger number of crew needed).
Where Do I Want to Cruise with my Yacht?
Booking private yacht charters in various locations can also help you understand where you’d like to spend the most time with your yacht.
Certain charter destinations are better suited for certain yacht types and sizes.
If you loved your yacht charter in the Florida Keys and the Bahamas, you’ll want to look for a charter yacht with a smaller draft so you can sneak into plenty of shallow bays. Equally, if you want to travel off the beaten path, a yacht charter in Indonesia can show you what’s possible onboard a classic phinisi yacht or explorer yacht.
Do I Want to Offset My Running Costs by Chartering My Private Yacht Out?
By seeing how a charter yacht runs, you can also get a pretty good idea on the wear and tear a small or large yacht goes through during a yacht charter. Many yacht owners like offering their private yacht for charter to help offset the running costs.
Operating a charter yacht isn’t for everyone (and you’ll want to speak to your yacht broker about reputable yacht management company referrals), but it can be a great way to make sure your yacht is being used and maintained while operating as a charter yacht.
Is it Better to Own a Yacht or Charter a Yacht?
While this comes down to personal preference – and budget of course – not everyone can purchase a private yacht, but many can afford a luxury yacht rental as a one-off cost. Some may not want the hassle of yacht ownership; while others dream of being able to call up their captain and tell them they are coming onboard for a weekend, a week, or even longer. Yacht ownership opens doors, and quite literally, opens the world to the owner. Depending on the size and capabilities of your luxury yacht, you can cross oceans, you can reach lands hardly touched by tourism, or pull the kids out of school and spend a year learning about the world up close.
However, if you’ve never spent time onboard and want to dive into yacht ownership, it’s always a good idea to “try before you buy” and book a luxury yacht charter.
The Top Six Luxury Yachts to Charter at the Monaco Yacht Show 2023
The perfect place to book a private yacht charter and discuss your pathway to yacht ownership is around the Monaco Yacht Show 2023. One of the largest yacht shows in the calendar, you will have ample opportunity to get onboard multiple luxury yachts at the show and speak directly to yacht brokers about your preferences.
So, why not book a yacht charter around this year’s Monaco Yacht Show to get a taste of yacht ownership and then book your appointments with the luxury yachts on display and continue your own yacht search?
A few of the hottest yachts that will be in the Monaco area around the 2023 yacht show are:
SAVANNAH features classic lines by Feadship and was completed in 2015. Measuring in at 274ft (83.5m), she can accommodate up to 12 guests in her six luxury staterooms. SAVANNAH’s yacht crew of 24 will look after every need during your stay with two yacht tenders and multiple water toys to play with. SAVANNAH has a base charter rate of €1,000,000 for the week.
Built by Golden Yachts earlier this year, O’REA is a 255ft (77.7m) large motor yacht with space for 12 guests and an attentive yacht crew of 22. O’REA has a low season base charter rate of €580,000 per week.
Recently built in 2022 by Feadship, FLAG stretches over 204.5ft (62.3m) with space for 12 guests in seven staterooms. FLAG currently offers yacht charters with a base rate of $378,000 per week during the low season.
#4 COME TOGETHER
Another recent build in 2022 by Amels, COME TOGETHER is a 196.1ft (60m) luxury motor yacht with accommodation for up to 12 guests, and a jacuzzi waiting to welcome you. COME TOGETHER has a base charter price of €450,000 for the week.
Built by classic sailing yacht builders, Alloy Yachts, in 2002 with a recent refit in 2019, DRUMBEAT is an excellent sailing yacht available for charter for 10 guests. With a hot tub and crew of 10, 173.1ft (53m) DRUMBEAT has a base charter rate of €175,000 per week.
#6 SOY AMOR
Benetti built 137.1ft (42m), SOY AMOR was completed in 2014, with a refit in 2021. She can accommodate up to 10 guests in five staterooms, with a yacht crew of 10. SOY AMOR has a base charter yacht of €185,000 per week during the low season.