Rodriquez' International Business Blog

Back in the days there were two options to most Super-Yachts enthusiasts, it was either buy new/pre-owned or charter.
Pretty much any owner, former owner, or industry savvy person knows that most owners never exceed 30 days of usage of theirs own yacht.
Yacht plus was brave enough to based their business on Super-Yacht fractional ownership. Many companies had attempted it before and in some cases succeeded with smaller vessels, however, no company had never based its business upon fractional sales, aside from Partnerships in Ft Lauderdale from what I can recall just a few years ago. YP leveraged on the great publicity given by Norman Foster’s international reputation and reliability of Rodriquez Cantieri Navali as a builder, and it seems that the combination was a great pick.
Although the “Ocean Emerald 1″, which I personally visited, has some debatable characteristics in terms of interior arrangements, (something a naval architect or engineer would have probably avoided), it definitely reppresents the new. And 2 million Euros to enjoy 30 days a year makes absolutely more sense than 16 millions for pretty much the same amount of time.
I am now curious to see how the fractional management will be performed, because as usual dealing with HNWI (aka Rich individuals) is much more difficult than dealing with numbers and technical matters on any vessel.
Right now market shows that although, new builds are down by almost 40 % charters are increasing by over 20% (despite an increased supply of large yachts on the charter market).
How is fractional going to affect the market ?
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