SuperyachtNews – 05 July 2018

SuperyachtNews speaks with Doug Prothero, CEO of the Ritz-Carlton Yacht Collection…

One thing that has become abundantly clear in recent years is that the superyacht market is short of feeder markets and lacking a set of viable options for the yachting enthusiast. In other words, the traditional charter and ownership models do not go far enough in satisfying the myriad desires of various wealthy demographics. The advent of fractional ownership models, membership clubs, day charters and other such ventures are trying to bridge this gap and fill the various holes. Another business that promises to aid in this is The Ritz-Carlton Yacht Collection (RCYC). SuperyachtNews sat down with Doug Prothero, CEO of RCYC, to discuss the new enterprise.

“We are finding that a lot of individuals that are in between superyachts, or exiting the market, are taking interest in RCYC,” starts Prothero. “Additionally, when looking at the superyacht charter market, there is a regulatory barrier of 36 passengers, and there just isn’t anything on the market above that. So, if you have a large family or party that wants to do a charter, there are few other luxury options.” RCYC vessels will be available to charter for large groups.

Read full article here.