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As Euro Slides Versus Dollar, Look For Luxury Yacht Charter Value

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Photograph of money from different countries spread across the floor. Both paper bills and coins.

Money from different countries

Reuters is following a downgrade in credit ratings of nine euro zone countries.  They report the euro as likely to post further losses in the coming week.  It dropped on Friday the 13th to its lowest against the U.S. dollar in nearly 17 months. 

 

COMPANY PRESIDENT COMMENTS

With euro sliding, value prices on Caribbean yacht charter vacations will flourish, says Jana Sheeder, President of SailAway Yacht Charters and 1-800 Yacht Charters.

“Many of the yachts we represent for mega yacht charters are owned by European investors.  They set their rates in Euros.  It is a currency that is being battered by the downgraded credit ratings of euro zone countries like France, Spain, and Italy,” says Sheeder.

 

AMERICAN TRAVELERS

American travelers look to secure rental vacations on European-owned superyachts. They see their US dollar stretch further than in the past two charter seasons. 

“US-based travelers were on the short end of the stick for quite some time,” says Sheeder.  “As their dollars strengthen, they can upgrade to larger yachts without paying more money. The foreign currency pendulum is definitely swinging in their direction.”

 

SHRINKING EURO

The inventory of luxury vessels for hire is growing.  Couple this with low demand due to the global recession.  These changes put pressure on charter rates.  Charterers rejoice. “The shrinking euro plus excess inventory and low demand is creating tremendous value for United States residents looking to charter in the Caribbean this winter and even in the Mediterranean this summer,” explains Sheeder.

Profile photograph of yacht HIGH POWER III underway. Calm sea, waves lapping underneath yacht as it moves. Rock mountain in the back left side of photo.

High Power III

The 70-meter motor yacht HIGH POWER III (ex-NUMPTIA), for example, recently announced a euro rate reduction, combined with extra free charter days for the remainder of the Caribbean season.  

Sheeder and her advisors believe the tumble is not over. 

The breakdown in talks between Greece and its creditor banks means Greece is on the verge of collapse. This could continue the downtrend in the euro,” states Sheeder. 

Some currency strategists see the euro possibly hitting $1.25 by the end of next week, with a target of between $1.21-$1.22.   The euro plunged to a low of $1.26240, its weakest level since late August 2010, on the EBS trading platform. On Friday the 13th, it last traded at $1.26830, down 1.1 percent on the day. The euro, down slightly on the week, posted its third straight weekly loss, based on EBS data.

“On the bright side,” says Sheeder, the tumbling euro will provide a significant incentive for  Americans to book European-owned yachts at a deeply-discounted price for many months to come.”

FIND YACHT CHARTER SPECIALS


REVIEW LUXURY YACHT CHARTER SPECIALS AND INCENTIVES at
https://www.1800yachtcharters.com/yacht-charter-specials

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Superyachts Deliver Aid To Needy

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Aerial photograph of motoryacht SEAWOLF. underway. There are multiple tenders and jetskis in motion toward the center and back of her right side. She is facing the upper right side of the photograph. The tenders and jetskis are headed toward the upper right side of the photo, as well. She has a dark blue hull and a white superstructure.

Superyacht SEAWOLF delivers aid to help others

People think owners of multi-million dollar luxury yacht charter vessels are selfish and self-absorbed.  This incredible story will surprise you.

Presenting SEAWOLF.  She is one of the largest yachts in charter. The nearly 200ft motor yacht just delivered humanitarian aid in Panama. This validates the trend of luxury yacht owners getting involved with global aid efforts.

The 193 foot luxury mega yacht charter motor yacht SEAWOLF is the second of two large, high-profile superyachts bringing aid to the Islas Secas area of Panama.  An expedition yacht charter vessel,  M/Y SEAWOLF delivered supplies for underprivileged residents at Islas Secas on March 4, just two weeks after motor yacht LADY LOLA delivered aid to the same location in mid February.

The 62 meter Oceanco yacht LADY LOLA, well-known throughout the Caribbean yacht charter marketplace, was first to deliver school aid from Panama City to the Islas Secas area of western Panama in the Gulfo Chiriqui.

We would like to extend a hearty thank you to the captains, crews and owners of both yachts for acting as a catalyst to inspire others to do good things.

Perhaps such altruistic actions will help change the perception of the superyacht industry.

Pay it Forward with Random Acts of Kindness, Captain’s orders…

 

INFORMATION ABOUT HELPFUL YACHTS

Motor yacht SEAWOLF accommodates up to 12 guests in 6 staterooms and rents for USD $180,000 per week.  

Motor yacht LADY LOLA sleeps 10 guests and is available for charter at a weekly rate of Euro €290,000.  All running expenses, items such as food, fuel, bar and dockage, are extra.  

 

HOW TO BOOK A YACHT CHARTER

To reserve your own private luxury yacht, contact 1-800 Yacht Charters at https://www.1800yachtcharters.com/book-now-contact-us/

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