AvYachts, the foremost provider of shared yacht ownership, today removed barriers to mega-yacht ownership with its “Instant Yachtification” program, enabling people to immediately enter a new, luxurious world that otherwise would take many years and dollars to achieve. AvYachts now offers a commitment of as little as a 10 percent ownership share in a yacht, providing three weeks annually aboard.
Seeing an untapped market opportunity for yachting in the sharing economy, estimated to grow from $14 billion in 2014 to $335 billion by 2025, AvYachts brings to yachting the shared ownership model pioneered by private jet travel companies. Its Instant Yachtification concept is the first-ever opportunity to enjoy life-changing experiences by removing all of the barriers to entry in mega-yachting. As a shared yacht owner, the stress and hassle are eliminated from the experience, allowing them to enjoy the best aspects of yachting. Their every need is met aboard their yacht, tailored to each owner’s individual preferences, with dedicated crews and highly customized voyages.
“Entering the world of mega-yacht ownership can be intimidating, given the unknowns of operating, maintaining and storing a large vessel that requires constant attention,” said Kathy Kennedy, Chief Operating Officer of AvYachts. “Instant Yachtification makes the entryway much more accessible and enjoyable through a shared ownership model that provides instant admittance to this exclusive world. Now, the luxurious experience of yachting is available to those seeking this lifestyle choice.”
In response to requests from owners who were at a stage in life at which they have no more than three weeks per year to commit to the yachting lifestyle, AvYachts has added a 10 percent ownership option, which provides three weeks annually aboard a yacht. “By adding this alternative, we have listened to our owners and become as flexible as they need us to be to accommodate their lives,” said Kennedy.
Owners now can purchase either a 10 percent or a 20 percent share in a yacht, with each share corresponding to three or six weeks annually aboard their fully-crewed Westport yacht, ranging in sizes from 34M (112’), 40M (130’) or 50M (164’) for a five-year period of ownership. At the end of the ownership period, AvYachts resells the vessel and the owners will receive their share of the proceeds.
The 10 percent ownership term offers greater flexibility to those who prefer shorter ownership periods, and provides AvYachts access to a larger portion of the high-net-worth market. A 10 percent share in a 34M Westport yacht starts at $995,000, a fraction of the total cost of the vessel, which can reach $10 million (plus management, maintenance and operating costs).
AvYachts owners also can enjoy even more flexibility by selecting the Premier Elite Alliance membership where after enjoying weeks on the ocean, owners may trade a week on their yacht for multiple weeks at a premium Elite Alliance property in over 100 destinations throughout the world.
Instant Yachtification Trial Program
Interested parties also can trial the Instant Yachtification experience with the AvYachts Paradise Getaway Card, which offers VIP concierge yachting daily or weekly. For more information, visit www.avyachts.com.
AvYachts will be on display at the Miami Yacht Show (slip 205), February 15-19, 2018, at 4601 Collins Avenue, Miami Beach, Florida.
 Brookings, The Current and Future State of the Sharing Economy, December 29, 2016, https://www.brookings.edu/research/the-current-and-future-state-of-the-sharing-economy/