On May 1, 2016 Miami based cruise line, Carnival made history by running the first cruise ship from America to Cuba in five decades. As relationships between our two countries have thawed, Cuba lifted the fifty year travel ban on native Cubans returning to the Island by sea. With restrictions easing, interest in Cuba as a Yacht Charter destination is growing. That increased interest represents ideal charter income opportunities for South Florida based yacht owners. After all, we are a mere 90 miles away!
In fact, at the recent MYBA Charter Show held in Genoa, Italy, the prestigious “Destination Panel” said Cuba could soon become one of the world’s “most popular” motor yacht charter destinations.
Some Obstacles Remain
Well known businessman and host of the panel, Bransom Bean said, “The tropical and virgin cruising grounds of Cuba makes the destination entirely fascinating for visiting luxury yachts.” He added that there is potential for Cuba to become a veritable “luxury superyacht hub.”
While the experts at the yacht show agreed on Cuba’s potential, they admitted that some obstacles stand in the way of the island nation becoming a world-class charter yacht destination. Primarily, Cuba needs to work on infrastructure issues, and expand marina space to accommodate upscale luxury yachts. Such plans are in the works, and motor yacht charters from Florida to Cuba are in demand.
Any yacht owner who is among the first to provide his or her yacht for a charter from South Florida to Cuba, will make history!
New Charter Destinations Mean Increased Charter Income
With its rich history, interesting cultural heritage, and miles of tropical beaches, Cuba has much to offer as a yacht charter destination.
Cuba has long been attractive to tourists around the world, but experiencing Cuba has largely been denied to most Americans since the embargo. With relationships improving the people of Cuba are at a true turning point in their history. The Cuban people, our neighbors, a mere 90 miles to our south, are looking forward to welcoming Americans and interacting on a person-to-person level that political animosity has made impossible for the past 50 years.
Thawing relationships between our two countries, should mean major business and investment opportunities for high net worth Americans in Cuba, not the least of which are the increased potential for more yacht charters to Cuba.
It is not often that you have the opportunity to earn additional income, while at the same time, be part of a history making event!
Operating a motor yacht can be costly. Putting your boat in Charter can earn income, and defray some of the costs of ownership. On Demand Yachting from FYM can show you how. If you would like to learn more, or if you have any questions or comments about this blog post, do not hesitate to contact our Yacht Management specialists, or call us at (954) 900-9968.