Our Luxury Travel and Yachting Trend Report has been designed to be a resource and a foundation for trend-based strategy for the next five years of luxury travel. Even though oceans cover about 70 per cent of the Earth, only 10 per cent of these vast bodies of water have ever been explored by humans. For the wealthy, experiencing the freedom and beauty of life above the waves on superior sailing vessels and superyachts provides the ultimate antidote to the stresses of modern life. Not only that but delving beneath the surface opens up a window to another world, especially with the help of new technology in the form of state-of-the-art private submersibles that can allow aquatic explorers to explore the wreck of the Titanic ship, for example. Off the coast of Kea in the Greek Cyclades Islands, Pelorus can organise for a submarine to view the Titanic’s “twin sister”, The Britannic, up close.
It’s not just shipwrecks that are waiting to be uncovered. Echoing the great sailing voyages of yore, intrepid travellers will increasingly be investing in explorer yachts to take them to off-the-beaten-track locations (such as Alaska, Raja Ampat and Vanuatu), away from the usual showy hotspots in the Med and Caribbean.
According to Boat International, the global expedition yacht market grew 33 per cent in 2021, with 85 expedition vessels recorded as being built or on order. Overall, there is increasing demand for yachts with more autonomy, range and capability, as well as growing acceptance of more semi-custom, standardised explorer yachts and support vessels. These insights are backed up by Research and Markets, which states: “Explorer yachts are a popular demand for yacht enthusiasts. Whether a client is keen to purchase or charter, explorer yachts are among the most demanded vessels, due to their peculiarity, great cruising performance, and immense ability to travel in remote locations. Changing demographics among HNW and UHNW individuals have ushered in a new and exciting demand for explorer yachts and adventure travel excursions. This trend is expected to further propel the growth of the yacht industry in the coming years.”