Yachtco is a yachting marketplace and charter ecosystem directly connecting all leisure yachting participants on one platform: guests, fleet operators, charter agencies, skippers and hostesses, website portals (OTAs), boat owners, marinas and mooring providers, booking systems, yacht builders, boat investors, and Insurance companies. It is a decentralised ecosystem that combines all the functionality needed for safe, comfortable and authentic sailing holidays.
|Token for sale||700,000,000 YACHTCO|
|Hard cap||20,000,000 YACHTCO|
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According to Transparency Market Research, key companies competing against one another in the global yacht charter market are Yachtico, Inc., Zizooboats GmbH, Boat International Media Ltd., and Charterworld Limited. Besides these, other prominent names in the market are, Incrediblue Limited, Boatbound Inc., Martello Yachting and Company, Northrop & Johnson, Fairline Yachts Ltd., SuperYacht Logistics, Fraser Yachts, and West Coast Marine Yacht Services Pvt. Ltd. A report by Transparency Market Research forecasts the global market for yacht charter to register a 7.2% CAGR during the period between 2017 and
2025 to attain a value of US$14.987 bn by 2025 from US$8.123 bn in 2016.
The turnover of the European charter sector is estimated to be € – 6 billion, while the industry employs approximately 20,000 people. While the highest number of boat owners is in Northern Europe (in particular Sweden and the Baltic States), the Mediterranean Sea alone attracts 70% of the world charter demand. The sector is dominated by five companies (Sunsail, Le boat and Footloose that are owned by TUI Marine, Dream Yacht Charter and Kiriakoulis) which cover about 80% of the European market.
The demand trend is attributed to the phenomenon that today’s users of boats appear to be less willing to accept long preparation of their boating trips, constant maintenance or dealing with future problems, leading to decreasing tendencies to own a boat and an increased growth demand for charters. They want to go to their preferred destination, have a boat ready and everything functioning throughout their holidays. In the past,boat owners took all these issues into account when using their boats. In the last years, sales of boats decreased, but chartering increased, even though periods of the charter have shortened.
The Mediterranean Sea alone attracts 70% of world charters (including crewed and ‘bareboat’ charters or boat rentals). Looking at the presence of bareboat charter yachts worldwide Yachtco can see that the EU Member States are leading with Croatia, Italy and Greece. According to our survey, the highest number of surveyed charter companies is active in the UK, followed by Italy and Greece.
The services related to recreational boating are mainly locally and nationally oriented. The exception is the charter sector, which has an intense concentration in the Mediterranean and attracts consumers from all around Europe. A lot of small and medium-sized enterprises (SMEs) are active in recreational boating services. The structure in the chartering sector is dominated by five companies (Sunsail, Le boat and Footloose that are owned by TUI Marine, Dream Yacht Charter, Kiriakoulis), which cover about 80% of the European market. The TUI Marine brands alone (about 1,500 boats) already cover about half the market.
The absence of a unified resource for yacht charter industry. Yacht charter service providers have to make themselves visible on a large number of individual resources. These resources are Booking Manager, Nausys, Sedna and even Booking.com, Lonely Planet forum, ThornTree, TripAdvisor, guidebooks and Wikitravel. However, so far no single resource, website, or platform could serve as the primary go-to hub for guests, sailors, and service providers alike, providing all types of yachting services while charging low fees, and thus attracting genuinely vast numbers of clients.
Yachtco are utilising a hybrid of three business models. One is a platform for all parties involved in the charter business, allowing them to connect, add trust with smart contracts and ease payments with cryptocurrency. The second one is a platform for tokenising yacht assets that will enable users to benefit from profit-sharing from boat bookings. Moreover, the third one is a yacht charter management programme.
Miha Kos FOUNDER AND CEO
Jure Rejec MARKETING MANAGER
Satya Sebenik SOCIAL MEDIA MANAGER
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Quote This article is writing on 6 April 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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