Nov 08 2009
Caribbean Yacht Charters
In some ways, boats are like property. People can buy or yatch rent – and some even choose to live on them. In this city, people love to sail.
Powerboats and mega-yachts may be expensive for the average consumer, but they do create many jobs in the industry.
The bigger boats must have captains, engineers and crew. Then there is maintenance work. With multimillion-dollar vessels, the requirements can be considerable and so there’s employment for many people.
Caribbean and Mediterranean are the big-boat charter industry. We feel sailing enthusiasts there are tired of the same old scene, and the marinas in the Mediterranean are full.
Big boat investors from the Caribbean are interested in investing in China and Asia’s pleasure boat industry. This is because the Beijing Olympics in 2008 are expected to give a boost the industry.
During the Olympics there will be a stream of big yachts basing themselves as close as they can get to the [venue of the] games. This might lead them to explore what Asia has to offer and help develop the regional boating infrastructure.
Russ Parker, director of 22 North, a firm that advises on sailing and organises yacht races, also believed China should develop its pleasure-boating facilities.
When it comes to buying a boat, the choice is essentially between a powerboat and a sailing boat. Powerboats accounted for about 80 per cent of the market. Demographic factors were behind the disparity. Sailing boats are more popular among the expatriates, while powerboats are favoured by the much larger local population.
There was considerable enthusiasm for sailing activities in small barefoot yacht charters and dinghies at clubs such as the Royal Hong Kong Yacht Club and the Sai Kung Yacht Club, but the powerboat market remained strong.
Most people prefer renting boats to buying them. At the most, they hire junks to host private parties, corporate events, weddings, business launches – or just for a different experience. However, the demand is big enough to support many chartered companies offering junks and small cruise vessels for private use.
Many companies have sold their corporate junks and now rely on companies such as Saffron Cruises for quality vessels with full catering services and professional staff. The company’s clients include organisations such as Microsoft, Four Seasons and Louis Vuitton. It also provides services to families and private groups that want to hire a boat for a special day out.
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