Cost to Rent a Mediterranean Superyacht: Less Than You Think
Are you dreaming of cruising the Mediterranean on a superyacht, but think it's out of your budget? Think again. While it's true that some superyachts can be expensive and cost millions of dollars to rent, you might be surprised to learn that there are plenty of options available that are more affordable than you might think.
Charter prices for luxury superyachts can range from €30,000 for a smaller yacht to over €1 million per week for a larger, more luxurious vessel. Some can be rented for as little as €80,000 ($87,205) per week. Smaller yachts and older models can be more affordable, so you may want to consider them.
Superyachts can either be motor-operated or have sails, and the pricing for sailing yachts is usually lower than for motor yachts. Let's see how much you can save by renting a sailing superyacht over a motor-operated superyacht, and learn about the factors that can affect the overall cost of renting a superyacht in the Mediterranean.
Summary
- The cost of renting a superyacht can be influenced by seasonal variations. In the Mediterranean, the highest cost can be noted during the months of July and August, which is the peak season. The lowest rental cost for superyachts in this area is from November to April.
- You can save a huge sum of money, around $50,000 to $500,000, by renting a sailing superyacht instead of the motor-operated variety.
- There are four most popular destinations around the Mediterranean: Monaco, St. Tropez, Malta, and Turkey. Renting a superyacht in Monaco offers the highest price, around €700,000 per week, because of its beautiful beaches and luxurious views.
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Cost Breakdown of Renting a Superyacht in the Mediterranean
The cost of renting a superyacht in the Mediterranean varies depending on the size, style, and age of the yacht. Luxury superyachts can rent from €30,000 to over €1,000,000 per week, plus expenses. However, smaller yachts and older models can be more affordable, making it possible to experience the luxury of a superyacht without breaking the bank.
Chartering a superyacht in the Mediterranean doesn't have to break the bank. While it's true that some superyachts can cost millions of dollars to rent, there are plenty of options available that are more affordable than you might think. Recently, Freedom's first superyacht season started at €80,000 (roughly $82,000) per week, which is a fraction of the cost of some of the more expensive options.
When renting a superyacht, you may need to understand the various costs involved in order to budget accordingly. Here's a breakdown of the costs you can expect when renting a Mediterranean superyacht:
| Cost Item | Estimated Cost |
|---|---|
| Charter rate | €25,000 - €100,000 per week |
| Fuel | €20,000 - €50,000 per week depending on the length of the trip and the yacht's fuel consumption |
| Food and beverages | €150 - €250 per person per day |
| Crew expenses | 15-20% of the charter rate |
| Insurance | 1% to 3% of the yacht's value |
| Marina fees | €500 - €1,000 per day |
| Upfront deposit (APA) | 30% of the charter rate |
Charter rate for renting a superyacht
The charter rate is the base cost of renting the yacht. It typically includes the use of the yacht and its amenities, as well as the crew's salaries.
The charter rate can vary depending on the yacht's size, age, and amenities, as well as the time of year you plan to rent it. A superyacht can cost from as little as €25,000 per week and up to €100,000 per week depending on the above variables.
Cost of fuel to run a superyacht
The amount of fuel used will depend on the yacht's size, speed, and distance traveled. Fuel costs can range from a few thousand euros to tens of thousands of euros, depending on the length of your trip and the yacht's fuel consumption.
Here's how much fuel a sailboat uses depending on size so you can estimate how much you will need.
Cost of food and beverages to consume on the superyacht
Most superyachts come with a chef who will prepare meals for you and your guests.
The cost of food and beverages can vary depending on the type of cuisine you choose and the number of guests on board. You can expect to pay around €150–€250 per person per day for food and beverages.
Expenses for the crew of the superyacht
The crew's expenses include their salaries, tips, and accommodations. You may need to budget around 15–20% of the charter rate for crew expenses.
Cost of insurance when renting a superyacht
The yacht owner will typically have insurance to cover any damage to the yacht, but you may want to consider purchasing additional insurance to cover any accidents or injuries that may occur during your trip.
Cost of docking fees in marinas you plan to visit
The cost of marina fees will depend on the size of the yacht and the marinas you plan to visit. You may need to budget around €500–€1,000 per day for marina fees.
Find out in this article how much you will need to pay to dock a Catamaran in Cannes, France.
Cost of upfront deposit
The Advanced Provisioning Allowance (APA) is an additional cost that you will need to consider when renting a superyacht. The APA is a deposit that you pay upfront to cover the cost of fuel, food, and beverages, as well as any other expenses that may arise during your trip. The APA is typically around 30% of the charter rate.
Factors Influencing the Cost of Renting a Mediterranean Superyacht
Seasonal influence on superyacht charter costs
When it comes to renting a superyacht in the Mediterranean, the time of year you choose to go can have a significant impact on the overall cost. The high season typically runs from June to August, with July being the busiest month.
During this time, superyacht charter prices tend to be at their highest due to high demand. However, if you're looking to save money, you may want to consider traveling during the shoulder season or low season.
The shoulder season, which runs from May to June and September to October, can be an excellent time to charter a superyacht. The weather is still warm, and the crowds are much smaller than during the high season. You can expect to save anywhere from 10% to 30% on superyacht charter prices during the shoulder season compared to the high season.
During the low season, which runs from November to April, superyacht charter prices are at their lowest. The weather can be cooler and less predictable, but you can still have an enjoyable experience. You can expect to save up to 50% on superyacht charter prices during the low season compared to the high season.
You may need to note that certain events can significantly impact superyacht charter prices in the Mediterranean, such as the Monaco Grand Prix and Cannes Film Festival are two of the most popular events in the region.
During these events, superyacht charter prices can increase by as much as 30% to 50%. If you're planning to attend one of these events, you might need to book your superyacht charter well in advance to avoid disappointment and higher prices.
The location of the superyacht can affect the overall rental cost
Some areas, such as the French Riviera and the Amalfi Coast, are more popular and therefore more expensive. Other areas, such as Croatia and Greece, may be less expensive but still offer stunning scenery and luxurious amenities.
If you are looking for more destination options, you can read this article: 9 Practical Tips & Locations for Sailing the Mediterranean
The desired level of luxury can impact the cost of the superyacht rental
If you're looking for a high-end experience with top-of-the-line amenities and services, you can expect to pay more. However, if you're willing to compromise on certain luxury features, you may be able to find a more affordable option.
The size and type of yacht you choose can also affect the cost
Motor yachts tend to be more expensive than sailing yachts, and larger yachts with more cabins will also be more expensive. Keep in mind that larger yachts may also require a larger crew, which can add to the cost.
There are various types of superyachts available for charter, and each type has its own unique features, amenities, and pricing. Here are some of the most popular types of superyachts and their estimated pricing:
| Type of Superyacht | Size | Estimated Cost per Week |
|---|---|---|
| Motor Yacht | 50 meters | $200,000 |
| Motor Yacht | 100 meters | Over $1 million |
| Sailing Yacht | 50 meters | $150,000 |
| Sailing Yacht | 100 meters | Around $500,000 |
| Catamaran | 50 meters | $100,000 |
| Catamaran | 100 meters | Around $300,000 |
| Mega Yacht | Any size | Over $1 million |
Motor-operated superyachts are the most common type
Motor yachts offer speed, comfort, and luxury. The pricing for motor yachts varies depending on their size, age, and amenities. A 50-meter motor yacht can cost around $200,000 per week, while a 100-meter motor yacht can cost over $1 million per week.
Sailing superyachts offer a unique sailing experience of the Mediterranean
Sailing yachts offer a unique experience for those who love the sea and the wind. They are perfect for those who want to relax and enjoy the beauty of the Mediterranean.
The price of sailing yachts is usually lower than that of motor yachts. A 50-meter sailing yacht can cost around $150,000 per week, while a 100-meter sailing yacht can cost around $500,000 per week.
Catamarans are perfect for those who want to enjoy the sea and the sun
Catamarans offer stability, comfort, and space. The pricing for catamarans is usually lower than for motor and sailing yachts. A 50-meter catamaran can cost around $100,000 per week, while a 100-meter catamaran can cost around $300,000 per week.
Mega yachts are the largest and most luxurious type of superyacht
They offer everything you can imagine, from swimming pools to helicopter pads. **The pricing for mega yachts is usually over $1 million per week.
Additional Costs and Considerations when Renting a Mediterranean Superyacht
These costs can vary depending on the yacht and the charter company, so you may need to discuss them with your charter broker before finalizing your booking.
Additional fees for water toys and sports equipment
Many superyachts come equipped with a variety of water toys and sports equipment, such as jet skis, waterskis, scuba diving equipment, seabobs, and wakeboards. However, some of these items may come with an additional rental fee, so first things first, check with your charter broker to see what's included in the base charter fee.
Additional fees for hosting special events
If you're planning a special event, such as a wedding or corporate retreat, on board your superyacht, there may be additional costs associated with it. You may need to hire additional crew members or bring in outside vendors for catering or decorations. Your charter broker can help you navigate these costs and ensure that your event runs smoothly.
Additional costs for tipping the crew
It's customary to tip the crew of your superyacht at the end of your charter. The amount of the tip is up to you, but it's generally recommended to tip between 5-20% of the base charter fee, depending on the level of service you received.
Popular Superyacht Charter Destinations In The Mediterranean
Each of these popular superyacht destinations has its own unique charm and attractions, making them ideal for different types of travelers.
| Destination | Estimated Cost of Renting a Superyacht per Week |
|---|---|
| Monaco | Up to €700,000 |
| St. Tropez | €100,000 - €500,000 |
| Malta | €50,000 - €200,000 |
| Turkey | €50,000 - €300,000 |
The cost of renting a superyacht in Monaco can reach up to €700,000 per week
Monaco is a small but glamorous principality located on the French Riviera. It's known for its luxurious casinos, high-end shopping, and beautiful beaches. Monaco is also home to the famous Monaco Grand Prix, which takes place every May and attracts thousands of visitors from around the world.
If you're looking for a destination that combines luxury and excitement, Monaco is a great choice. You can spend your days lounging on the beach, exploring the city's many shops and restaurants, and even trying your luck at the casino.
While this destination offers all the luxury, it is also one of the most expensive. The cost of renting a superyacht in Monaco can be as much as €700,000 per week, depending on the size and type of yacht you choose.
A superyacht rental in St Tropez costs anywhere from €100,000 to €500,000 per week
St. Tropez is another popular destination on the French Riviera. This charming town is known for its beautiful beaches, picturesque harbor, and lively nightlife. It's also home to the famous Cannes Film Festival, which takes place every May and attracts some of the biggest names in the film industry.
If you're looking for a destination that's both chic and laid-back, St. Tropez is a great choice. You can spend your days soaking up the sun on the beach, exploring the town's many boutiques and galleries, and enjoying the vibrant nightlife.
However, on average, you can expect to pay anywhere from €100,000 to €500,000 per week for a superyacht rental in St. Tropez. Some of the most luxurious and high-end superyachts can cost even more than that. It's always best to consult with a reputable yacht charter company to get an accurate quote based on your specific needs and preferences.
Renting a superyacht in Malta costs between €50,000 and €200,000 per week
Malta is a small island nation located in the Mediterranean Sea. It's known for its rich history, beautiful landscapes, and crystal-clear waters. Malta is also home to several UNESCO World Heritage sites, including the ancient city of Valletta.
On average, you can expect to pay anywhere from €50,000 to €200,000 per week for a superyacht rental in Malta.
Renting a superyacht in Turkey costs between €50,000 and €300,000 per week
Turkey is a large and diverse country located on the eastern edge of the Mediterranean. It's known for its beautiful beaches, rich history, and vibrant culture. Turkey is also home to several popular yacht charter destinations, including Bodrum, Marmaris, and Fethiye.
If you're looking for a destination that's both exotic and adventurous, Turkey is a great choice. You can spend your days exploring the country's many historical sites and natural wonders and your evenings enjoying the local cuisine and nightlife.
The cost of renting a superyacht in Turkey can vary depending on the season and the size and type of yacht you choose. Prices can range from €50,000 to €300,000 per week.
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