The Yacht chartering is a business of hiring out yachts for pleasure cruises or business uses for a given time period. They aim at those customers who want a special and elegant time on the water but do not want to purchase a yacht. It begins with bareboat charter, whereby the clients take on the responsibility of sailing the charter aboard on their own and moving up to fully crewed charter services with all vessel services provided. This type of market envelopes factors in tourism, travelling, and luxurious, thus falls under the hospitality industry especially within the elite area.