Yachts of this caliber are used as charters. €595,000 per week [595,000 GBP = 910,198.76 USD] Yacht owners can recover most or all of the money they spend on boat maintenance and operations by renting their floating resorts to celebrities and others. Owners renting their boats for 8 to 10 weeks a year can generally recoup most, if not all, of their operating costs.
Many owners with successful charter businesses are able to deduct chartering expenses from other income sources at tax time. But these advantages may apply only if the owner demonstrates intent to operate a profitable business and limits his personal use of the boat.
When the Excellence is at Herb's dock, it is mammoth! Takes several days to fill the fuel tanks.