Luxury Yachting versus Luxury Cruising: Differences, Similarities and Customer Choices

Worrall, Karen; Gladkikh, Tatiana

doi:10.1007/978-3-030-86406-4_4

Cited by 2 publications

(2 citation statements)

References 27 publications

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“…Contrast this with the approximately $15 billion dollar contribution of the global cruise industry with over a million people employees, then the luxury yacht sector pales in comparison (CLIA, 2022). At present, the two industries deal with very different demographics and markets but both may have to create synergies to cut carbon emissions in the face of a burgeoning climate crisis and to mitigate their environmental impact as governments across the world restrict access to many areas of natural beauty (Cerveny et al, 2020;Worrall and Gladkikh, 2022;Ryburn, 2022). In the face of the purchasing power of the multi-billion-dollar cruise industry, future access to areas of outstanding natural beauty may be hard for the private luxury yacht owner to achieve.…”

Section: Introductionmentioning

confidence: 99%

Sailing the tide of over consumption: applying a business history approach to explore the rising demand of luxury yachts and travel since 1979

Connors

2023

WHATT

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PurposeThe purpose of this paper is to identify how the socio-economic trends caused by the economic deregulation of the last four decades have led to a high-net-worth strata of individuals and families that conspicuously consumes luxury items and are the main customers in the luxury yacht market.Design/methodology/approachA selected cross-section review and discussion of relevant publications and theories within the field of tourism, social sciences, business and economic history are synthesised with relevant data to outline the factors leading to socio-economic change and conspicuous consumption.FindingsThis paper advocates for the synthesis of scholarly techniques found within the discipline of Business History to illuminate the development of a luxury yachting industry over the past four decades. Using the varieties of capitalism approach this paper demonstrates that the local characteristics of the BRIC (Brazil, Russia, India and China) in combination with the international globalisation and trade deregulation since 1980 has led to a new super wealthy class that engages in conspicuous consumption. Using a schema based on critical juncture theory, light has been shed on the specific factors underpinning the demand for luxury yachts as part of this conspicuous consumption.Originality/valueThis paper adds a new set of methodologies and theoretical tools to the student of luxury tourism that embed the practice within the context of socio-economic changes brought forth by economic globalisation since 1979, opening up new avenues of research.

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Section: Introductionmentioning

confidence: 99%

Sailing the tide of over consumption: applying a business history approach to explore the rising demand of luxury yachts and travel since 1979

Connors

2023

WHATT

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“…The ratio of crew to passengers on yachts is approximately 1, depending on the yacht’s size and length. Therefore, yachts offer a more personalized and attentive service to guests compared with larger commercial cruise ships ( 7 ). Owing to the small size of yachts, customers and yacht crew are forced to share the same environment.…”

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confidence: 99%

Analysis of Burnout, Job Satisfaction, and Fatigue Among Yacht Crew: A Case Study of Turkish Yacht Crew Operating in the Southern Aegean Sea

Şendilmen Danaci,

Kececi

2023

Transportation Research Record: Journal of the Transportation R

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An examination was conducted on the correlation between burnout, job satisfaction, fatigue levels, and the demographic characteristics of yacht crew. In March 2023, a survey was administered to 81 yacht crew of various ratings operating in the South Aegean. The Maslach Burnout Inventory, Minnesota Satisfaction Questionnaire, and Piper Fatigue Scale were used in the study, and the subdimensions of these scales analyzed in detail in relation to the yacht crew. Low burnout levels, moderate emotional exhaustion, low depersonalization and a lack of personal accomplishment was found among participants. Job satisfaction was moderate, primarily influenced by internal factors. Overall fatigue levels were moderate, with varying subscale levels. Deckhands had higher burnout and fatigue levels, whereas able seamen had the highest job satisfaction. Statistically significant relationships were found between participant age and years of service and burnout; between job satisfaction, competence, and years of service; and between fatigue and marital status. A statistically significant relationship was found between crew burnout and their levels of job satisfaction and fatigue. Another finding of the research was that males had higher job satisfaction than females, however, male crew members reported higher levels of burnout and fatigue. Furthermore, since there is dense yacht traffic in the Aegean Sea, the high levels of fatigue among yacht crew in the region could be affecting the safety of commercial vessel navigation. Excluding captains, this study is the first to research job satisfaction, burnout, and fatigue levels among yacht crew.

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Luxury Yachting versus Luxury Cruising: Differences, Similarities and Customer Choices

Cited by 2 publications

References 27 publications

Sailing the tide of over consumption: applying a business history approach to explore the rising demand of luxury yachts and travel since 1979

Sailing the tide of over consumption: applying a business history approach to explore the rising demand of luxury yachts and travel since 1979

Analysis of Burnout, Job Satisfaction, and Fatigue Among Yacht Crew: A Case Study of Turkish Yacht Crew Operating in the Southern Aegean Sea

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