Transcript Marina Services & Fees in the Eastern Caribbean

Marina Services & Fees in the
Eastern Caribbean
Presented by Bob Hathaway
• Manager of The Marina at Marigot Bay
Saint Lucia.
Presented by Bob Hathaway
• Director of the Saint Lucia Hotel and
Tourism Association – responsible for
Yachting & Maritime Issues
Presented by Bob Hathaway
• Director of the Soufriere Marine
Management Association
Presented by Bob Hathaway
• Vice- President of the
Caribbean Marine Association
Bob Hathaway
• Trained as a Naval Architect
Bob Hathaway
• Trained as a Naval Architect
• In Marine Industry for 25 years
Bob Hathaway
• Trained as a Naval Architect
• In Marine Industry for 25 years
• Builder of Classic yachts
Bob Hathaway
• Trained as a Naval Architect
• In Marine Industry for 25 years
• Builder of Classic yachts
• & Military Craft
Bob Hathaway
• Trained as a Naval Architect
• In Marine Industry for 25 years
• Builder of Classic yachts
• & Military Craft
• First Arrived in the Caribbean 11 years ago
Bob Hathaway
• Trained as a Naval Architect
• In Marine Industry for 25 years
• Builder of Classic yachts
• & Military Craft
• First Arrived in the Caribbean 11 years ago
• By Yacht
Summary
• 7 Islands
• 35 Marinas
• 2,800 Berths
• Yachts from 16 ft to 650 ft
•
from 5 metres to 200 metres.
US Virgins
• 2 Marinas
• 174 Berths
• Maximum Yacht Size 650 ft / 200 metres
British Virgin Islands
• 6 Marinas
• 512 Berths
• Maximum Yacht Size 300 ft / 90 metres
Saint Martin / Sint Maarten
• 12 Marinas
• 897 Berths
• Maximum Yacht Size 360 ft / 110 metres
Antigua & Barbuda
• 5 Marinas
• 360 Berths
• Maximum Yacht Size 350 ft / 107 metres
Saint Lucia
• 2 Marinas
• 275 Berths
• Maximum Yacht Size 285 ft / 85 metres
Saint Vincent & The
Grenadines
Grenada
• 7 Marinas
• 457 Berths
• Maximum Yacht Size 300 ft / 90 metres
Trinidad & Tobago
• 1 Marina
• 68 Berths
• Maximum Yacht Size 200 ft / 60 metres
• NB 3 Major Dry Storage Yards
The Extremes
• MOST EXPENSIVE BERTH
– US$5215.20 (Euro 4.172,16) per night
– For a 200 metre yacht at Yacht Haven Grande ,USVI
• CHEAPEST BERTH
– US$12.00 (Euro 9,60) per night
– For a 12 metre yacht in Prickly Bay Marina, Grenada.
Basis of the Study
• As far as possible data was obtained from
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Marinas directly
Some data obtained from the Internet
Assumptions were avoided as far as possible
Some rates had to be calculated from data
supplied
The whole study will be fed back to all
contributors, to them, many thanks.
The Yachts
• A Cross Section of Typical Yachts was used:
– A 40 ft / 12 metre monohull sailing yacht typical of
the local cruising market
– A 46 ft / 14 metre catamaran, typical of the bareboat
charter market
– A 65 ft / 20 metre monohull yacht, typical of the
higher end cruising market
– A 130 ft / 40 metre monohull motor yacht – a midrange “Megayacht”
Calculation
• Rates were calculated per night for each
yacht type for the following periods:
– The “High Season” between December & May
• For daily visitor berthing
• For monthly storage berthing
– The “Low Season” between June & November
• For daily visitor berthing
• For seasonal storage berthing
– The complete year for permanent berthing.
The Results
• The complete spreadsheets of data,
expressed in US Dollars and Euros are in
your information pack
• The spreadsheet is too big to read on the
screen!
• The highlights follow…
Range of Berthing Fees
• For the 40 ft / 12 metre yacht, the least
expensive berth cost:
– US$12.00 (Euro 9,60) per night in the low
season at Prickly Bay marina, Grenada
• And the most expensive berth cost:
– US$110.00 (Euro 88,00) per night as a high
season visitor at Yacht Haven Grande in the
USVI
46 ft (14 metre) Catamaran
• Pricing Policies for Multihulls vary significantly
•
between no additional charge to double rates.
Most common is a 50% surcharge on monohull
rates.
Least Expensive berth:
– US$ 19.78 (Euro 15,82) Secret Harbour Grenada
• Most Expensive berth:
– US$ 128.80 (Euro 103,04) Simpson Bay Marina, Sint
Maarten.
65 ft (20 metre) Monohull
• The Least Expensive Berth:
– US$26 (Euro 20,80) at Catamaran Marina,
Antigua
• The Most Expensive Berth:
– US$256.75 (Euro 205,40) at Yacht Club Costa
Smeralda in the British Virgin Islands
130 ft (40 metre) Megayacht
• The range of price is even more dramatic!
• The Least Expensive Berth:
– US$ 52 (Euro 41,60) at the Catamaran
Marina, Antigua
• The Most Expensive Berth:
– US$ 1007.50 (Euro 806,00) at Yacht Haven
Grande, USVI and Isle de Sol, Sint Maarten.
Causes of Price Variation
• Geographical Location – Market
• Geographical Location – Hurricane Season
• High vs. Low Season
• On-Island Competition
• Inter-Island Competition.
Overall Ranking “High
Season”
Overall Ranking “Low
Season”
Questions???
• Many thanks to you all
• Goodbye