MAINSAIL ISSUE 7_Lowres

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Charter Bookings Booking up: The Charter forecast for 2018 With reports of a bumper Mediterranean season and quality vessels in hot demand, Sophia Wilson talks to the charter industry to get the insider lowdown… A VERY GOOD YEAR “The charter market in 2017 was the strongest market we have seen in a decade,” says Burgess charter manager Ben Harwood. It’s a statement of positivity echoed across the industry, with brokers reporting more enquiries and strong demand during the peak periods of last year. “Generally, charter clients were spending money, booking early and upgrading their trips rather than taking the cheaper options that were presented,” says Northrop & Johnson’s charter retail director John Cichanowicz. “As long as the markets continue to rally [at least in the US] and the world keeps spinning, clients are spending money and want to charter bigger, better yachts.” FULL STEAM FOR THE MED “All signs point to another very good year; Caribbean bookings are still coming in and there has been good flow for the Med,” says bluewater’s Jim Acher. Traditional destinations are still expected to thrive but the Adriatic is predicted to welcome a record number of charter yachts. “The Western Mediterranean remains the most popular charter destination, with most clients wanting to cruise around the South of France and Italy,” says Gathercole. “However, Croatia is becoming increasingly popular, with demand for this region increasing every year.” With better facilities in the region – two new marinas (Portonovi and Luštica Bay) are scheduled to open in Montenegro this summer – and Albania looking to get a slice of the superyacht action, this looks set to grow. “The Adriatic increases in popularity year on year with many owners now basing their yachts there for the entire summer season and yielding good results,” adds Harwood. "Croatia will be one of the hottest markets due to tourism marketing, word of mouth and more owners wanting to visit the Dalmatian Coast," says Shannon McCoy, luxury yacht advisor at Worth Avenue Yachts. "They have done a great job to raise awareness of their beautiful country." MS All rights reserved - Copyright 2018 Issue 7 >> 10
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