Annapolis, MD (PressExposure) February 19, 2009 -- âFlorida seems to be perpetually doomed by the boom-and-bust cycle, in real estate and high end yacht charters, and the Florida Keys are no exception,â he said. âMany, many enterprising folks noted that there was money to be made in chartering, be it in sports fishing boats or in sailing yacht charters. Captain licenses became more easily available. Money was easy and they borrowed to the hilt. One morning, while walking along the Key West waterfront, I noticed that not even one in three day charter boats had gone out.â
âThis is going to have very serious implications for the overall charter yacht industry as well as the high-end sailing yacht charters,â he said. âDropping prices is one option but there is only so far one can drop the prices and not actually lose money on just the running costs, forget about the capital costs.â He predicted that one in two of the charter yacht businesses in the Florida Keys will be on the block or simply out-of-business at the beginning of the summer.
âOn the other hand, those who own their boats outright are in an envious position to under-price the competition, but these are few and far between.â
A new niche market is opening, he contends. âCrewed sailing yachts for a week or more cruises are in short supply in the Florida Keys. This clientele has been used to going to the US Virgin Islands or farther down the Caribbean, but with current prices of air travel many prefer to stay closer to home if possible.â
Harris is owner and captain of LâEsprit Libre II, a sailing charter yacht located in the Florida Keys. http://www.lespritlibre.org
Thomas Harris s/v LâEsprit Libre II PO Box 3242 Annapolis MD 21403 410 919-8270
This Press Release was submitted by Right Now Marketing Group, LLC