Market update and outlook for Chartering this fall

Everyone asks us how the summer went and what is going on in the charter market these days, so here are our views on the market and and a few of our expectations for the remainder of the year.

About midway through July, demand for Mediterranean charters picked up dramatically – last minute charters came out of the woodwork and we’ve been inundated ever since. Anecdotal stories from other industries such as villa rentals generally say that same thing. People wanted deals, but in the end they still wanted a great holiday, despite the recession.

We believe that there is much more confidence amongst charterers, and that this will continue into the Caribbean, Indian Ocean and Asia/Pacific high seasons from December through April. We’ve seen our traffic and enquiries accelerate (more than double from last September when the world was falling apart) and our operators in the Caribbean say that Christmas and New Years availability is becoming scarce. If you’re planning a charter during this peak period in the Caribbean, especially the BVI, then best to contact Boatbookings.com soon to discuss the boats that are remaining (we’ve created a nice listing of BVI Yacht Charter Availability here. Unfortunately, with the rebound in the economy, the possibility of “deals” during this peak period is dramatically diminished.

We’ve also seen a significant pick-up in demand for the Indian Ocean – especially in the Seychelles and Maldives. Because these are longer haul destinations, they seem to be picking up a bit more slowly, so there is still good availability, but if the current trend continues we wouldn’t recommend waiting until the last minute and looking for deals, or you may be disappointed.

Thailand got hit with a double whammy at the end of 2008. Just as the world economy was falling apart, the Bangkok international airport was closed by political protesters, heavily impacting the tourism sector in general. This lead to much lower demand in the first half of 2009, and some amazing charter deals being available to counteract all the bad publicity.

But just as our Asia Charter Manager was starting to wonder if the world was still in love with Thailand, July/August has seen a dramatic rise in enquiries and bookings for Thailand charters. As Europeans return from their summer vacations, we expect this increase in demand to continue. In fact, like every year, most cats are already booked up many months in advance for the peak periods of Christmas and New Year in Phuket.

As for the Mediterranean next summer – it’s anybody’s guess, but we certainly expect that next summer will be significantly stronger than this year, so don’t expect the type of deals that we were seeing this year. It may sound self serving, but the best way to guarantee the current prices and get a bit of a discount as well is to get an early booking discount – which generally means booking your summer charter before the end of the year.

Boatbookings goes mobile – launches free iPhone app

We believe that mobile computing will fundamentally change the yacht charter market, and the entire yachting business as well. Amazing products such as the iphone and blackberry, which essentially are small mobile computers, provide the ideal platform for delivering timely information about yachts and yachting. And they’re only going to get better!

If you are with friends planning a charter, you should be able to research boats together, contact the broker, reserve a boat and flights, look at weather patterns and research itineraries, all while sharing a beer at a local watering hole.  This is our goal, and we have released the first version of our iPhone app designed to provide exactly these features.

The initial version of the Boatbookings iPhone app, the first in the industry, allows you to track special offers to find great deals, search the entire database of boats for charter, and even calculate CO2 emissions from your voyage. The App is free, and downloadable immediately. Just go to iTunes and search for boat bookings, and you’ll find it!

About the App
Boatbookings.com yacht charter iPhone app

Using our simple search page, you can find the right boat for your next charter, and actually book it on your iPhone! You can also track our special deals, and calculate and your carbon footprint from the charter. Over time, we will be adding many new features for charter enthusiasts of all types. Below is a description of the current features.

YACHT CHARTER SPECIAL DEALS

See real time the best yacht charter deals available – special prices, reductions, cheap one-way offers, and unique availabilities on hundreds of yachts.

SEARCH FOR YOUR YACHT

Choose the type of boat (motor, sail, catamaran), crew type (bareboat or crewed), and location of the boat you want, and then pull in the search results from over 6000 boats on the Boatbookings.com website. You can see complete yacht information, including images, specifications, descriptions, pricing and real time availability. From there you can make an enquiry directly on your iPhone.

CALCULATE YOUR CO2 EMISSIONS

This nifty tool allows you to enter your hourly fuel consumption and determine your carbon footprint from your charter. It also tells you how much it would cost to offset the emissions so the you can charter your boat carbon neutral! This is the first tool of its kind for the Yacht Charter industry, and the first on the iPhone.

COMING SOON

Soon you will have a map-based application so that you can calculate distances, routes, timing and costs from your next boating itinerary.

So download the Boatbookings.com app, and plan your next charter on your iPhone!

We’re back!

It’s been a very, very busy summer, and we had to concentrate on getting all of our charter clients on their boats! But we’re back now, and will soon recap what we learned, discuss upcoming destinations and possibilities for yachting, and update you on all the news that’s fit to blog!

OCEAN EMERALD, the new Lord Foster – designed 41m superyacht is now available for a limited charter period in the Italian Riviera!

Ocean Emerald - Norman Foster Yacht
Ocean Emerald - Norman Foster Yacht

For the first time ever, you can charter the just launched OCEAN EMERALD this year. There are only three blocks of time available for general charter: 3-13 July and 4-13 August in the Mediterranean, and the Xmas/New Year period in the Caribbean.

Standard Charter Rates: 120,000 eur per week plus expenses (off-peak) 160,000 eur per week plus expenses (peak). You can get a 25% discount off the standard charter rate if you book soon!  The yacht currently features on the front of BOAT INTERNATIONAL, July edition; and featured on the cover of the Financial Times` magazine on June 20.

Click here for more about OCEAN EMERALD and this special offer.

Boatbookings.com Expert Commentary – Mauritius and the Indian Ocean

Peter PiperOur charter consultants know so much about the area, we decided to do an ongoing series of expert advice about key things to know, what to do, and trends in the regions. We start with an interview with Peter Piper, the original Charter Consultant at Boatbookings.com, who has relocated to Mauritius (someone has to do it) to cover the Indian Ocean.  Here are his comments:

Peter, tell me what you’re seeing in the Indian Ocean Charter Scene right now.

Despite the global recession, we’re seeing great growth in our Indian Ocean business since we opened our office about a year ago. The market in general is growing about 10% per year.  People are coming here because the weather is normally great, there’s amazing diving and snorkeling, and it’s new, interesting and exotic.  You can find anything you want in the Indian Ocean.

The beauty of the MaldivesWhat are the main destinations?

Right now we’re seeing the most demand for the Maldives and Mauritius. The Maldives are a fantastic destination for people who really want to relax, or for a honeymoon or romantic cruise. Mauritius, having a culture that has evolved from African, European and Asian traders, offers a bit of everything, from great sailing, to exotic food, to nightlife.  I personally think that Mauritius offers it all, but I’m a bit biased because I live here!

What type of yachts do you normally charter?

The most common charter is a crewed catamaran. It’s relaxing, has plenty of space, rests close to the water, and it really is perfect for these islands.  It is important to note, that because of the coral, there are no bareboats allowed here.  But the skipper gives you a much better understanding of the area and is normally happy for you to sail the boat if you want!

Mauritius Super YachtThere are a few great new motor yachts starting to appear in the Indian Ocean.  We have two beautiful new Azimuts in the Maldives, and will soon have a unique superyacht called Ocean Solace (pictured) that is arriving in Mauritius.

Regarding Mauritius, what type of itinerary do you recommend?

Most charters we do circle the island, and definitely visit the two groups of islands to the north and east of Mauritius. There is fantastic diving between the islands in the north – Coin de Mire, Flat Island and Gabriel Island.  Ile aux Cerfs, to the east, is also a beautiful island, perfect for a relaxing day.  Then after you’ve had plenty of diving, relaxing and solitude, you can always visit the main port cities such as Grand Baie or Port Louis for great restaurants, entertainment, and even casinos if that’s what you’re looking for.

What do people do in the Maldives? 

Snorkelling in the MaldivesLike everywhere in the Indian Ocean, diving, snorkelling, and just plain relaxing are the major activities there.  Plus of course island hopping. That’s why we recommend it for a honeymoon – you couldn’t imagine a better place for a relaxed honeymoon in a romantic island setting, with your view changing every day.  We have a number of boats that specialise in pampering you during a first, second or third honeymoon!  See our Honeymoon Yacht Charter Guide for more information.
When is the best time to charter in these areas?

The nicest time of year in Mauritius is from May to December. The Maldives are best from November to April, so you have a great destination in the Indian Ocean year round!

But aren’t these waters dangerous because of Pirates?

We have never had a problem! I get lots of calls asking if it’s safe, and point out that the pirate activity is 3000 nautical miles to the north. Mauritius and the Maldives are very relaxed places. Pirates want tankers that can pay million dollar ransoms, not pleasure boats.

Heading to Coin de Mire, MauritiusIf you would like to know more about these areas, you can contact Peter at [email protected] or call him at +230 919 4848 or skype him at peterjpiper.  Please also read our Mauritius Yacht Charter Guide and our Maldives Yacht Charter Guide for additional background on these two paradises.