The global luxury yacht has had a stellar few years as it hit an unprecedented growth thanks to a variety of factors including the rising popularity of recreational tourism and urbanization. Experts predict smooth sailing ahead with a growth of 8.3% from 2021 to 2026, which is expected to culminate in a $12.1 billion valuation by 2028. It’s an industry high that’s never been seen before. A pivotal trend driving this expansion in the yachting sector is the boom in yacht chartering. With over 2,900 yachts exceeding 79 feet currently available worldwide for charter, high-net-worth individuals are increasingly drawn to the call of the sea without having to commit to a purchase. All while fulfilling their every desire. Yacht charters are gaining traction because of a rise in disposable incomes and a growing interest in bespoke vacations. It’s a compelling alternative to ownership, catering to a diverse spectrum of consumers. Commanding over 70% of segment revenue, crewed yacht charters are particularly in vogue, spurred by regulatory requirements and a surging demand for exceptional vacation experiences. The proliferation of online platforms has further streamlined the chartering process, facilitating seamless access to a myriad of vessel options and propelling this trend towards accelerated growth. Charters aside, there’s another major trend that’s changing the course of the yacht industry and that’s the growing self-awareness regarding the environmental impact luxury yachts have. There’s a pronounced shift towards sustainable and eco-friendly design principles. Owners are increasingly gravitating towards innovative solutions such as glass and high-shine fixtures that not only exude elegance but also demonstrate a commitment to environmental stewardship. Technological advancements have propelled the integration of glass into yacht design. Avant-garde vessels like Wally showcase the transformative potential of glass as it offers immersive 270-degree views that redefine onboard luxury and sophistication.