SailChecker Issues Price Warning

Historically Low Yacht Charter Prices Set to SkyRocket

As you may have expected, charter prices are low, and discounts are running at a historical high. Yet the signs are this is waining and fast. Despite some nations struggling with a second wave, plenty of travellers are managing to get to their boats. As a result, many of our operators have had a bumper September and will see a record October.

Demand. The data we collect suggests that whilst prices are subdued right now, they are set to skyrocket next year. Rebookings will effectively remove around 30% of availability.

Profits. Whilst demand is rising and availability is falling, Operators will almost certainly look to use this opportunity to recover some losses.

Risk. Those with tolerance to higher risk profiles, a willingness to self-isolate, or flexibility to rebook, are able to take full advantage. For those with less flexibility, they are turning to the insurance industry to take up the slack.

Travel Insurance. Finding the right insurance to cover the type of risks those a low-risk profile charter wishes to mitigate is tough and expensive, and sometimes offered abroad with forms in other languages - not simple to navigate.

Solutions. When coupled with current dressed prices, and the likelihood prices will jump by as much as 30% next year and another 10% or more the year after, seeking out the right insurance cover, and booking early, makes sense. Yes, the search for insurance may well be a torturous one, yet it could very well be worth the effort.

For any comment or to follow up on any issues presented in this article, please contact SailChecker via their site www.sailchecker.com.

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