megayacht

A megayacht is a very large private luxury yacht. While there is no universally agreed-upon definition, the term is generally applied to yachts exceeding 30 meters (98 feet) in length. Some sources extend this definition to yachts over 50 meters (164 feet) or even 80 meters (262 feet). These vessels are characterized by their considerable size, opulent amenities, and high operating costs.

Megayachts are typically owned by wealthy individuals, corporations, or charter companies. Their construction is a complex process involving specialized shipyards and skilled craftspeople. The design and outfitting can be highly customized, reflecting the owner's preferences and often incorporating advanced technology and luxurious materials. Amenities commonly found on megayachts include multiple guest cabins, spacious living areas, swimming pools, helipads, cinemas, and advanced entertainment systems.

The operation and maintenance of a megayacht are significant undertakings, requiring a professional crew that can include a captain, engineers, deckhands, and hospitality staff. The costs associated with running such a vessel are substantial, encompassing fuel, crew salaries, maintenance, docking fees, and insurance. Many megayachts are also available for charter, providing a way for owners to offset some of these expenses while allowing others to experience the luxury of these floating residences. The megayacht industry is a niche but significant sector of the global maritime and luxury goods markets.