How the US’ yacht rental market got so bad, now it’s a luxury brand

NEW YORK — A year ago, the American yacht rental industry was a big deal.

A new wave of luxury yacht rentals offered by companies like Albertsons and Hertz, and by luxury yacht makers like Matson and Ayer, had transformed the way Americans rent boats.

The industry’s popularity had taken off, as people found a new way to use their wealth, power and the ability to pay a lot of money for luxury boats.

But the rental market in the United States has been in a free fall for the last several years.

The US has been the worst performer in the global luxury yacht rental sector over the last year.

That’s according to the World Economic Forum, a global research group, which released its latest report in September.

It’s the first time in more than a decade that the global annual luxury yacht luxury index has been lower than the US.

In the past three years, the global index has dropped by 10 percent, while the luxury yacht index fell by 8 percent.

It was the most dramatic decline in the index since it started tracking luxury yacht sales in 2005.

In 2017, the luxury index was down 17 percent from the year before, and the luxury market in New York was down 8 percent, according to Luxury Wholesale Survey data.

The drop in the luxury segment was even worse than the decline in sales of luxury yachts.

In 2018, there were 1.6 million fewer luxury yacht listings than in 2017, according the Luxury Market Insight report, a big reason why the luxury category is struggling.

It could be because of rising rents in New Jersey and Florida, as well as a new wave that has started attracting wealthy and powerful people to yacht rentals, said Robert G. Smith, a former chief financial officer of Matson, one of the top luxury yacht manufacturers in the world.

The boom of luxury Yachts in the past decade has led to a wave of new luxury yacht owners that are now taking advantage of the lower prices and better service offered by rental companies.

The luxury yacht market has also been hit by a massive wave of retirements that are wiping out the middle-class incomes of many older Americans, said Matt B. Jones, senior vice president at the Luxor Group, a luxury yacht company based in London.

But that doesn’t mean that the luxury Yacht Renters Association, which represents luxury yacht builders, is backing off its support for luxury yacht leases.

“We think that these changes are going to be a major driver for luxury Yaxing,” said Jim Mottram, president and CEO of the group, according a statement.

“The industry continues to be in a great position to grow, and that’s one of our goals.

We’re optimistic that we will see the next wave of Yax growth.”

In fact, Mottraps optimism was echoed by several high-level luxury yacht companies, including GVRC, a French luxury yacht maker that has been on the verge of bankruptcy, according TOHO, the parent company of Marder, a major luxury yacht manufacturer based in Japan.

Marders chairman and CEO said in a statement, “Our focus now is on providing a sustainable long-term business plan to support our business.

We are taking steps to strengthen our capital structure and diversify our assets and workforce, while continuing to expand our business across the globe.”

The luxury YCA’s latest annual report said the number of luxury luxury yacht units in use in the US has fallen by almost 40 percent since 2011.

But there has been a resurgence in the number and number of yacht rental companies that are offering luxury yacht leasing services, with several large companies including Alberton and Herts both expanding their business.

But as the market has been hit with lower rents and a boom in the use of luxury rentals, luxury yacht prices have fallen sharply.

The latest Luxury Yacht Index data showed the US luxury yacht segment saw its largest decline in 2017 at a 14 percent decline.

The average price of luxury boats in New Zealand dropped by almost $200,000 from last year to a low of $5,800, while in Canada it dropped by $60,000, to $5.2 million.

In Britain, where luxury yacht ownership is a big draw, the average price dropped by nearly $300,000 to $1.1 million, according Luxury Luxury Tours.

The number of U.S. luxury yacht buyers fell by nearly 30 percent from last years year, to 8,400, according The Luxury Cruise Line.

The American luxury yacht industry is in a precarious state, said Matthew R. Pappas, vice president of research and analytics at Luxury Vacations, an industry research company based out of New York.

“They’re in the middle of a very challenging time, and they need to keep getting more creative in the market,” he said.

The downturn in the industry