The housing market isnt the only market going through a difficult time. The luxury yacht market is experiencing a severe dip in sales, the worst in decades. But, while one end of the yachting industry is suffering another is thriving. Once, there were waiting lists for the 50ft. plus multimillion dollar yacht, today even the wealthiest are looking for other options.
That option seems to be fractional ownership and membership.
Since the average yacht owner only spends approximately 20 days per year on the water, many are coming to the conclusion that spending for the other 340 days each year is a tremendous waste of money. Even if you have millions, why throw it overboard.
Naples Yacht Partners, a Naples based fractional membership club has noticed this shift away from sole ownership to fractional ownership. Individuals who can not afford the multimillion dollar price tag, and those who never could are discovering the advantages to fractional ownership. Those who are weighing their options not only see the tremendous cost difference, they also find the hassle-free convenience of partnership. For instance, captain and crew is included, as is maintenance, storage, insurance fees and cleaning service as well. And there are a few companies like Naples Yacht Partners that employ a concierge service for their members, including transportation to and from the yacht.
Fractional ownership started in the 1960s when movie star James Stewart and a few partners realized that sharing the cost of an airplane was a very smart way to own your own plane, and sharing the cost of maintenance was a logical conclusion. Today boat owners are finding the same concept is the smart way to own a luxury yacht, share the costs and enjoy the benefits, just like they would with sole ownership.
For more information regarding fractional yacht ownership visit www.naplesyachtpartners.com or call 239 438 6404.
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