Yachting refers to the use of recreational boats  that they call yachts
I wish I was rich enough to be involved in that.
Yachting
Yachting refers to the use of recreational boats and ships called "yachts" for sporting purposes. Yachts are distinguished from working ships mainly by their leisure purpose.
Both terms originate from the Dutch word "jacht" ("hunt"). With sailboats, it is called sailing, and with motorboats, it is called powerboating.
Competitive sailing.
The invention of sailing is prehistoric, but the racing of sailing boats is believed to have started in the Netherlands some time in the 17th century. Soon
GPS and other electronic navigation equipment is disallowed) are among the events which are organized around the world. Specialized yachts, such as hydrofoils, hovercrafts, or personal watercrafts also engage in competitions involving test of equipment and skill (usually, skill in maneuvering safely). All such events are part of the larger world of yachting, if they are done for recreational or sporting purposes.
Non-yachting use of watercraft.
Common commercial uses of watercraft, which would not be referred to as yachting, include commercial fishing