Anyone who reads this blog regularly knows that I have been inundated all summer with news of discount offers from charter yachts worldwide. Even the most serious motoryachts in the Western Mediterranean have been dropping their weekly base rates by 15 percent to 40 percent. The fact that yacht charter is currently a buyer’s market is apparent. The only question has been just how low the discounts will go.
It is still too early to say whether such deep discounts will be offered en masse during the upcoming Caribbean season, as only a few early offers have come to my attention thus far. They include price breaks aboard the 115-foot Crescent motoryacht Kapalua and the 254-foot motoryacht Samar. Those discounts have followed the traditional pattern seen this summer, with either a straight percentage discount or an extra day onboard for free.
Which is why I am so intrigued to receive a new announcement from management house Edmiston and Company regarding the 169-foot Alloy sailing yacht Mondango (that’s Mondango‘s main salon in the photograph at right). The yacht’s owner, instead of offering a traditional discount this winter in the Caribbean, has instead decided to include the crew’s gratuities in the yacht’s lowest weekly base rate of €185,000.
Since clients regularly tip charter yacht crew anywhere from 5 percent to 15 percent of the yacht’s base rate, this offer amounts to a savings for the charter client of €9,250 to €27,750.
Could this be the first in what will become a new trend in charter yacht discount offers? I’m certainly staying tuned. I can see why yacht owners and management companies would prefer this type of discount, for sure: It helps to retain the value of the yacht’s regular base rate for when the global recession ends.
Kim Kavin is an award-winning writer, editor and photographer who specializes in marine travel. She is the author of six books including Dream Cruises: The Insider’s Guide to Private Yacht Vacations, and is editor of the online yacht vacation magazine
www.CharterWave.com.
This entry was posted
on Tuesday, August 31st, 2010 at 8:00 am and is filed under Charter brokers, Commentary, Yacht Charter.
A New Phase in Yacht Charter Discounts?
An announcement from Edmiston and Company may start a new trend.
It is still too early to say whether such deep discounts will be offered en masse during the upcoming Caribbean season, as only a few early offers have come to my attention thus far. They include price breaks aboard the 115-foot Crescent motoryacht Kapalua and the 254-foot motoryacht Samar. Those discounts have followed the traditional pattern seen this summer, with either a straight percentage discount or an extra day onboard for free.
Which is why I am so intrigued to receive a new announcement from management house Edmiston and Company regarding the 169-foot Alloy sailing yacht Mondango (that’s Mondango‘s main salon in the photograph at right). The yacht’s owner, instead of offering a traditional discount this winter in the Caribbean, has instead decided to include the crew’s gratuities in the yacht’s lowest weekly base rate of €185,000.
Since clients regularly tip charter yacht crew anywhere from 5 percent to 15 percent of the yacht’s base rate, this offer amounts to a savings for the charter client of €9,250 to €27,750.
Could this be the first in what will become a new trend in charter yacht discount offers? I’m certainly staying tuned. I can see why yacht owners and management companies would prefer this type of discount, for sure: It helps to retain the value of the yacht’s regular base rate for when the global recession ends.
This entry was posted on Tuesday, August 31st, 2010 at 8:00 am and is filed under Charter brokers, Commentary, Yacht Charter.