A yacht offers all the freedom, fun, and luxury of ocean travel without the restrictive timetables and impersonal feel of cruise ship travel.
A small yacht can be chartered in Miami for as little as half a day from $3,300, or a whole day from $3,700. Weekly charter prices start at $12,000 for a 42’ yacht sleeping up to four and reach just under $100,000 to sleep 12. More luxurious superyachts cost between $130,000 and $415,000 per week.
Chartering a yacht is a wonderful way to spend a vacation, and Miami is a fantastic boating destination, but as with booking any holiday, there is a lot to keep in mind.
How much does it cost to charter a yacht?
Yachts have a base charter price per week, ranging worldwide from $10,000 to around $200,00 for sailing yachts, and up to $500,000 per week to charter the most luxurious superyachts.
It is generally cheaper to charter a sailing yacht than a motor yacht due to the fuel surcharge.
However, with any yacht charter, there are other costs to consider beyond the base price such as food, drink, and local taxes.
All-inclusive yacht charters are available, which typically include crew, food and drink, utilities, and some water toys – but expenses such as dockage are still excluded.
These types of charter are typical under contracts with the MYBA and CBI, but outside of this all-inclusive options are only available for smaller boats such as catamaran and monohulls.
Chartering larger motor yachts does not include running expenses such as port taxes and dockage, which must be paid separately.
This can usually be done through an Advanced Provisioning Allowance (or APA) which costs around 35% of the base price and is paid before chartering.
Is Miami an expensive yachting destination?
The destination where a yacht is chartered has a significant impact on price.
Less accessible places such as the Galapagos Islands are more expensive than places with established yachting industries, such as the Bahamas, which are priced more competitively.
Boasting the largest cruise ship port in the world, surrounded by the Biscayne Bay and home to the Miami International Boat Show, Miami is a stellar boating destination.
It also has an established yachting industry, making it an excellent, competitively priced location to charter a yacht.
In every destination, the price of chartering a yacht is also affected by the season. While Mediterranean charters, for example, are likely to be more expensive during the summer.
Charters in Miami and the Caribbean are more costly between December and March when people want to escape the cold winter temperatures of the northern USA.
How much does a charter cost in Miami?
As with any yachting destination, the price of a charter in Miami differs not only according to the yacht and the company you choose to charter your yacht with.
Different companies offer different services as well as more or less luxurious yachts, tailored to the individual’s needs and desired price range.
A yacht charter can be tailored to include features such as dining or activities depending on your desires and budget, and finding a reputable broker is important.
Base charter prices depend on the length of time the yacht is charted for and the size of the yacht.
Yachts in Miami can be chartered for as little as half a day, with prices ranging from $3,300 to $9,500. Full day rates range from $3,700 to $15,000.
In terms of weekly charter rates, $12,000 is one of the lowest available for a stylish 42’ sport yacht with 2 private staterooms.
A 48’ yacht sleeping four costs $15,000 per week while the weekly rate for a 78’ yacht, sleeping ten, is $34,000.
The 105’ San Lorenzo yacht featuring 2 staterooms, 3 guest cabins, spacious common areas, and a water-toy garage costs $70,000 per week.
The luxurious 120’ Doubleshot Yacht, which sleeps up to 12 passengers, has a day rate of $15,000 and a weekly rate of up to $91,700.
To charter a superyacht, weekly prices start upwards of $120,000 and exceed $400,000 per week for luxurious boats such as Camper and Nicholson’s Callisto. To charter the most fantastical and luxurious yachts in the world, such as the Flying Fox, the Lana, and the Aquarius, charter costs per week reach into the millions.