A Comprehensive Breakdown of Greek Yacht Charter Costs
August 15, 2024
💡 Key Factors Influencing Greek Yacht Charter Costs:
- Yacht Type and Size: For crewed yacht charters in Greece, the base charter fee starts at around €10,000 per week. But from there, the range is wide -it really depends on the yacht type: Is it a motor yacht, catamaran, or sailing yacht? How big is it, and what is the level of luxury?
- The APA (Advance Provisioning Allowance): The APA is usually a set percentage of the base charter fee (25-40% in Greece, depending on yacht type) -lower for sailing yachts and higher for motor yachts due to higher fuel consumption.
- The Greek Charter Tax (VAT): The VAT on yacht charters in Greece typically starts at 24%, but reductions can lower it significantly, depending on the charter’s duration. For charters longer than 48 hours, the VAT can be reduced to about 12%. The exact rate depends on the type of yacht and other specifics of the charter.
- Crew Tipping: Tipping practices are different for different types of yachts and levels of luxury: The usual recommended tip for yacht crew is about 10% to 20% of the charter fee, depending on the level of service received.
Charter Cost for Different Yacht Types
What is Covered in the Charter Fee?
Many crewed charters in Greece follow a ‘plus-expenses’ pricing structure. This base charter fee typically includes the cost of the yacht rental for the agreed period, the full crew, and access to all water sports toys and equipment onboard.
However, additional expenses such as food, drinks, fuel, crew tips, and docking fees are not included in the base price. These extra costs are covered through an Advance Provisioning Allowance (APA), which is a deposit paid before the trip to cover these additional expenses.
What is Advance Provisioning Allowance (APA)?
The Advance Provisioning Allowance (APA) is a budget additional to the base yacht charter fee set aside in a separate APA account. The APA covers costs like fuel, food, drinks, port fees, and any other miscellaneous expenses that occur during the yacht charter.
APA is a standard practice in Mediterranean crewed luxury yacht charters. On all yachts operating under MYBA terms, the APA amount is outlined in the charter agreement and is usually set at around 25-40% of the base charter fee.
In the Caribbean, charter fees are often all-inclusive, meaning the APA is already calculated into the total charter price.
The idea of the APA is to have a fund that the yacht captain can use to provision the boat according to your preferences and needs without needing to clear every expense with you during the trip. At the end of the charter, the captain will provide an itemized list of all expenditures, and if the Advance Provisioning Allowance exceeds the costs, you will get a refund of the difference. If the costs exceed the APA, you’ll need to pay the extra amount.
Read more about the Advance Provisioning Allowance.
📣 Market Trend 2024
In a stunning twist to the booming yacht charter industry, Greece is witnessing an unprecedented trend: luxury yachts are slashing prices, defying expectations after a record-setting summer in 2022. Despite adding 235 new crewed boats to its fleet and extensive refurbishments funded by the EU, the allure of Greek waters isn’t translating into higher prices—a reflection of broader challenges, including spiking airfares and infrastructural strains.
How Much Should I Tip the Crew?
When it comes to tipping crew members on a yacht charter, the general guideline is to offer a gratuity that reflects the quality of service provided.
Typically, tips range from 5% to 15% of the total charter fee, depending on the location and the customary practices there. For example, in the Mediterranean, it’s common to tip towards the lower end of this range, while in the US and Caribbean, gratuities at the higher end are more typical.
All crew members usually share in the gratuity, regardless of their specific roles, as they all contribute to the overall experience of the charter. It’s customary to hand the total tip to the captain, who will distribute it among the crew.
Payment is generally made at the end of the charter, and while cash is often preferred, other arrangements can sometimes be made through your charter broker or by other means agreed upon.
The expected tip can also be influenced by the type of yacht and the level of luxury and service provided. High-end luxury yacht charters expect higher tipping, reaching up to 30%, reflecting the elevated service level.
💡 Tips to Saving Money on Your Yacht Charter
- Pick a yacht with good fuel efficiency: Newer yachts typically have newer engines and much better fuel efficiency. This can make a huge difference at the end of a one-week charter. If you really want to save on fuel, choose a catamaran or a sailing yacht and take advantage of the wind!
- Split the bill: A really good way to get down your yacht charter spending without compromising on luxury is to share your yacht charter with a group of friends or family. Lots of yachts these days are set up for multiple couples, with 4-5 cabins for 10-12 people, large dining areas, and water toys enough for a whole team.
- Don’t be over ambitious: Lots of charter guests come with a big wish list of places to see while on their charter. But in reality, it is not nice to be on the move all the time. Choosing shorter distances will save you serious dollars on fuel!
- Get great deals outside of high season: The months of May-June and September-October are quieter and less crowded as far as anchorages and routes are concerned. During this time, the motor charter rates are considerably cheaper than during the high season.
Now, Let’s Look at Some Yachts!
The Price of Motor Yacht Charters in Greece
When it comes to motor yachts, the cost typically falls between €30,000 to €60,000. This price range strikes a good balance between luxury and practicality, mainly due to the efficiency and lower fuel consumption of these yachts. But on either side of this there are plenty of options for the budget charterer and for those seeking ultimite grandeur.
€20,000 – €40,000
Ease into yacht charters with an economical low-range motor yacht. These vessels serve as an excellent entry-level option for an affordable adventure without sacrificing the excitement of being on the water. Keep in mind, though, that space may be limited.
€40,000 – €90,000
Finding the sweet spot between value and luxury, a mid-range motor yachts provide an ideal choice for those craving a comfortable and well-appointed journey without exceeding their budget.
€90,000 – €200,000
Take it to the highest heights with a top-of-the-range motor yacht—a true palace on the water. These vessels redefine ultimate luxury, boasting extravagant amenities and spacious accommodations that make your voyage the finest it can be!
Want to Take a Look Inside?
Check out this beautiful luxurious 78-foot Motor Yacht NINETEEN with capacity for 8 Guests
Introducing the Motor Yacht NINETEEN, a luxurious vessel that offers an unforgettable yachting experience on the open waters. This stunning yacht, built by renowned manufacturer Ferretti, combines elegance, comfort, and high performance to create the perfect retreat for those seeking a lavish getaway.
Measuring an impressive 78 feet in length, the Motor Yacht NINETEEN boasts ample space and sophistication. With a maximum capacity of 8 guests, it offers a spacious and intimate setting for families, friends, or small groups to enjoy their time together. The yacht features 4 well-appointed cabins, each designed to provide the utmost comfort and privacy. A dedicated crew of 3 professionals ensures that every guest’s needs are met with exceptional service.
Weekly price: €31,000 – €34,000.
Or if you want to go big you might like this 150-foot Mega Yacht ANASSA with room for up to 12 Guests
Motor Yacht ANASSA is a luxurious and stylish vessel designed to provide an unforgettable experience on the open seas. With a length of 115 feet (35.05 meters) and a beam of 23’7 (7.2 meters), Anassa offers ample space and comfort for its guests. Built by the renowned shipyard Maiora in 2009, it underwent a refit in 2022, ensuring that it meets the highest standards of modern luxury.
Anassa can accommodate up to 12 guests in its 5 elegant cabins. The cabin configuration includes a spacious master suite, two double cabins, two twin cabins, and two Pullman beds, providing flexibility and versatility for different group compositions. Each cabin is meticulously designed and beautifully appointed, offering a serene and comfortable retreat for guests.
Weekly price: €79,000 – €89,000.
The Price of Catamaran Charters in Greece
Greek Catamaran Charters present an appealing alternative, offering a different blend of comfort, stability, and speed. Operating primarily under 10 knots, these vessels, especially when starting from Athens, can provide a distinct sailing experience. For a premium catamaran experience, it’s advisable to have a budget starting from €15,000, which ensures access to a skilled crew and high-quality service. To give you an idea of the price spectrum, the price of a top-of-the-range Catamaran, such as the spectacular 138-foot DOUCE FRANCE, is currently set at €99,500.
€15,000 – €25,000
Dip your toes into yacht charters with budget-friendly low-range catamarans. These vessels are a great entry-level option for an affordable adventure without compromising the thrill of being on the water. Just be aware that space can be limited.
€25,000 – €50,000
Striking the perfect balance between value and luxury, these mid-range catamarans are ideal for those seeking a more comfortable and well-appointed journey without breaking the bank.
€50,000 – € 90,000
Indulge in the epitome of maritime luxury with a top-of-the-range catamaran. These floating palaces offer ultimate comfort and an array of extras that transform your voyage into a regal experience. From lavish amenities to a crew dedicated to fulfilling your every need, these catamarans guarantee a sailing experience that transcends the ordinary. Unleash the full potential of luxury at sea.
Want to Take a Look Inside?
If you want to sail you might opt for something like this 54 foot Lagoon VALIUM 55
Step aboard the Valium 55, a luxury catamaran that sets new standards in comfort, style, and performance. With its sleek lines, spacious decks, and state-of-the-art amenities, this exceptional vessel offers an unforgettable sailing experience.
Indulge in a personalized journey where every detail is catered to. Immerse yourself in the opulent interior, relax on the expansive decks, and soak in the breathtaking views as you sail through the enchanting waters of Greece. Experience the epitome of luxury and adventure on board Valium 55.
Weekly price: €22,000 – €31,500.
Or you might be interested in a bigger Motor Catamaran (70 feet) like ALTEYA
The Alteya is an exquisite power catamaran crafted by Sunreef Yachts, designed to provide an unforgettable luxury cruising experience on the open waters. With a length of 70 feet, this stunning vessel offers ample space and comfort for up to 8 guests across its 4 well-appointed cabins.
ALTEYA is classified primarily as a power catamaran. The motor yacht features 2 x 850 HP Mann – Generator consumption – 5 liters/hour engines and a generator. Whether it’s the serene ambiance of the low season or the vibrant energy of the high season, the Alteya offers an unparalleled escape on the open waters.
Weekly price: €55,000 to €75,000.
💡 Looking for Something other than the Typical Cyclades – Santorini Yacht Charter Vacation?
Check Out Our Highly Recommended 7 Day Yacht Charter Itinerary in the IONIAN SEA: CORFU, SIVOTA, PARGA, ANTIPAXOS, PAXOS
The Price of Sailing Yacht Charters in Greece
Sailboat enthusiasts will find a diverse array of options, ranging from smaller, more intimate vessels to grand, luxurious mega sailing yachts. The price spectrum reflects this diversity, with sailboat charters in Greece starting at around €11,000 per week. This entry point grants access to a world of elegance and charm, perfect for those seeking a more intimate maritime experience.
For those yearning for the pinnacle of nautical luxury, the ultimate mega sailing yacht experience awaits, with prices soaring up to €99,000 per week. These majestic vessels redefine opulence on the open seas, boasting not only size but also an array of amenities that transform your journey into a floating palace.
€10,000 – € 40,000
Set sail on a budget-friendly adventure with our low-range sailing yachts. These vessels provide an ideal entry into the world of yacht charters, ensuring an affordable journey without sacrificing the authentic thrill of sailing. Just bear in mind that the charm of the wind in your sails may come with limited space.
€40,000 – € 100,000
Embark on a journey where luxury meets exhilaration with our mid-range sailing yachts. These vessels offer a perfect blend of luxury, high performance, and affordability. Immerse yourself in an experience that seamlessly marries speed, comfort, and sheer maritime magnificence.
€100,000 – € 200,000
Sailing doesn’t have to be a compromise; it can be the epitome of luxury. These top-of-the-range sailing yachts offer the finest of both worlds, seamlessly merging ultimate luxury with the exhilarating experience of sailing. It’s a fusion that guarantees you not only a voyage but an extraordinary journey where lavishness meets the open sea.
Want to Take a Look Inside?
Presented by DMA Yachting, the impressive charter yacht SHOOTING STAR Gianetti Star is a 65 ft sailboat. SHOOTING STAR Gianetti Star spends the summer and winter season in Greece. She was delivered by the renowned boatbuilder in 2008. A comprehensive refit was delivered in 2020. The spacious yacht layout features 4 cozy cabins and comfortably accommodates a group of 8 guests.
Weekly price: starts at €13,000/week.
Introducing the luxurious Sailing Yacht BLUE DREAM. Built by the renowned shipbuilder BLUE SEA MARITIME, BLUE DREAM boasts exceptional craftsmanship and attention to detail.
BLUE DREAM can accommodate up to 8 guests in its 4 well-appointed cabins. Each cabin is designed to provide a tranquil retreat, offering a combination of comfort and style.
Weekly price: €42,000 – €42,000
Book Well in Advance for more Yacht Options
Pick the Right Yacht Charter Broker
Inquiring and maintaining flexibility are key. Yacht brokers often have access to special offers and discounts not visible to the general public. Furthermore, the stage of planning and specific dates can greatly influence the options and pricing available.
Ready to Start Your Luxury Yacht Charter?
C
Chuck
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Jun 16, 2024
Alex was outstanding
Alex was outstanding. He was always very responsive to emails and texts with my many questions.
The boat he recommended for my group was perfect.
I would use DMA again.
MT
Malloy Tulsa
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Jun 11, 2024
An incredible experience
Very professional, communicated clearly and planned an amazing trip for us. Louis Lamprell did an amazing job connecting us with the unbridled yacht and crew. It was a trip of a lifetime. Our family highly recommends both DMA yachting and the unbridled charter. Everything was perfection!
DT
Dana Terrell
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Jun 4, 2024
This was a trip of a lifetime
This was a trip of a lifetime! We booked with Nadja at DMA yachting and she made sure the entire process was easy and no problems. Our charter was with Zuri3 and our Captain Andre and First Mate Jana made our trip amazing! They made sure everything was taken care and treated us like royalty. This is not just a vacation this is an experience of a lifetime.
RS
Ryan Shirley
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Feb 9, 2024
Louis was great from beginning to end and walked me through the whole process. He helped me find a great boat that fit within our time and cost preferences. He explained the differences between the different builds and the pros and cons. Once we selected the boat, he explained and walked me through the whole booking process and answered all my questions. Finally, he checked in with me before, during, and after the charter to make sure everything met our expectations. I can’t recommend Louis enough if you are planning a charter, and I will definitely be in touch for our next trip!
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