We were excited to sit down with our good friend and Managing Director of West Nautical, Geoff Moore this week to pick his brain about the latest charter news from the Med.
So grab a cup of tea or coffee and enjoy sitting down with us!
What are the top regions for cruising in Europe and the Med right now?
The Mediterranean offers some of the best cruising in the World. Guests tend to opt to sail in either the Eastern Mediterranean, which incorporates destinations such as mainland and islands of Greece, Turkey and Cyprus, or the Western Mediterranean, where locations such the South of France, the Bay of Naples and Amalfi Coast, the Balearics, Corsica and Sardinia are popular.
One of the key benefits of a yacht charter is the inherent flexibility that this offers. Whether you want to dine alfresco in a secluded anchorage, visit one of the region’s many beach clubs or swim in a hidden bay, a yacht charter offers it all. Whilst on-board you’ll be able to cruise between destinations and experience first class hospitality and services where your every requirement is met.
One of the most popular cruising grounds at the moment for the summer is the Balearics. Starting in Mallorca traditionally, the yachts always visit Ibiza with its variety of offerings from world famous nightlife and restaurants, to popping over to Formentera and its secluded bays with crystal clear waters and white sandy beaches.
How do you see most people enter the charter industry?
There are lots of reasons why people decide to charter a yacht. On many occasions customers may have been a guest on a friend’s yacht, which then may lead them to charter on their own. Day trips also provide the perfect opportunity for those considering a yacht charter to trial the service. We often find that once a guest has chartered a yacht they do this for years to come, and on this occasion they will often return to the same company that booked their initial trip.
Guests who attend events onboard never leave disappointed, but they are not usually of the same demographic to those who charter for a holiday experience. Whilst they enjoy the opulence and experience of attending onboard parties during Grand Prix’s or the Film Festival for example, the reality of taking the entire yacht for a week is a very different!
What is the average size of current charters booked within the region?
There is no real average, however for West Nautical, the majority of charters are booked on yachts of 28-42 metres, where there are four cabins to accommodate eight guests, some of whom can increase this to 10 with additional Pullman beds, or on occasion have a fifth cabin also. These yachts represent very good value in comparison to the 45m+ with 5 or 6 cabins, where the charter rate rockets in comparison, so little perceived additional value by an inexperienced charterer who cannot justify the spike in weekly fee.
This size is predominantly two decked yachts, as the tri-decks have higher prices with the additional internal and external volume that comes from this, and alongside it there are often more watertoys and onboard amenities.
This 28-42m size range is great for shared family or couple charters, and represent good value for new customers coming into the industry.
Thanks so much for joining us Geoff!