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It analyses and provides research results on the aspects of specialization and competitiveness, as well as the market concentration and market profitability in the yacht charter industry. Survey findings on all of these topics have been presented, along with the relevant conclusions.

Furthermore, some very specific yacht charter industry processes have been outlined in this chapter. The report then goes on to analyze the geographical distribution of yacht charter agencies, describing the specific developments in each major region. Prevalence per country has also been included. This is followed by relevant conclusions, as well as an explanation of the regional development scenarios, which are particularly useful for contemplating the possible development directions in the nascent markets.

Two distinct possible scenarios of development have been explained. Next, the analysis goes deeper - towards understanding the very fabric of the yacht charter market. The actual differentiation criteria of the active yacht charter agencies have been identified, and for each of the 14 criteria, the relevant classification has been provided, including the explanation of the underlying business models.

This extensive section goes indeed deeply into the market structures and provides thorough information necessary for understanding its dynamics. It gives insights into characteristics of various business models, as well as various industry segments, among other details.

It also shows the prevalence of different services - both nautical and non-nautical - provided by yacht charter agencies. Last but not least, the section contains relevant examples of external financing obtained by several yacht charter agencies.

In total, by analyzing this particular section one can dive deeply into the diverse and dynamic world of yacht charter agencies. After summarizing all classification dimensions and their key variations, a yacht charter agency positioning and development framework has been provided, whereby one can visually analyze particular agencies, as well as benchmark them and compare them mutually. This tool can also be quite useful for decision-making about the developments of yacht charter agencies or relations with them, for fostering strategic innovation, as well as for directing particular investments and strategies in the market.

Several examples of potential framework use have been presented in this section as well. The section that follows deals with the pros and cons of various strategic choices in this market and enables easier comparison between relevant business models, as well as easier decision-making on the key topics. The examples of the actual companies and their market approach are provided in the following chapter.

Seven distinct business models have been presented which are highly relevant in the context of yacht charter industry , along with the names of actual leading companies that pursue those models. This section contains particularly interesting information on diverse business approaches. This is followed by a presentation of several emerging types of business models in the sector, which may be particularly indicative of expected future trends.

For each of the analyzed emerging models, an example of the actual company pursuing it has been provided. This section may be inspiring for the report readers to consider strategic innovations in their own businesses.

Finally, the report is finishing with an overview - and explanation - of possible future business trends and developments in the yacht charter industry. The action was in ether on Friday, as the second-biggest cryptocurrency's price jumped to a new all-time high. Stock market investors may stop viewing higher yields as a detriment, but rather a sign that the economy is heating up.

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Whatever your specific reason for writing a business plan for your travel business, the most important thing is that you write one, period. The travel industry is fragmented , and having a clearly defined niche and a plan will help you stand out.

Writing a business plan will help you narrow in on what your goals are, and establish a clear, focused vision going forward.

We also have several travel industry business sample plans, which will give you an idea of what your business plan should look like. What kind of travel agency do you plan on starting?

Moreover, what kind of travel business does the industry or your local community actually need? This means doing some market research to find out what kind of travel agent or travel business the market really needs.

Is there a niche you can fill? Think about the people in your local community too�do they need something specific? What niche are you filling? Start by researching the travel market in general. As the travel industry is so competitive, having a well-developed brand will help your business stand out.

How do you want your customers to feel when they visit your website, view your advertising, or use your services? Why should customers use your services, rather than just book a trip themselves? Is your selling point the ease of having someone else plan your trip for you, down to the last detail?

Are you all about personal touches and a great customer service experience? A travel business is, for the most part, a fairly simple one to set up. For the U. Canada also has licensing requirements that vary by location , and in the U. First off, choose your business structure. Why was an LLC the best choice? However, the business structure you choose will depend largely on your plans for your business, and how you intend to fund it. If for example, you plan to seek outside investment, you may want to look into starting your business as a corporation.

Scott also adds that setting up the legal end of things was fairly simple. Craig Norris, chief executive of Community Marine Concepts, which operates the marina on the Songhees in Vic West, said his phone has been ringing off the hook since Tuesday evening.

He said that led to discussions among the two families that own the property about selling part or all of the marina. Norris said he could only speculate on what eventually led to the decision to offer the entire project for sale. Facing another year of empty slips at the marina, Norris said he has laid off half the staff, which is now down to seven people.

So finding someone with patience and someone local would be ideal. The offering includes the fully functioning marina with 28 slips for large yachts, nearly 3, linear feet of concrete-and-steel floats and amenities including a restaurant � the Boom and Batten, which has a lease until � and a marina building.

The latter offers services and amenities for yacht owners, their guests and crews, including office space, retail space, boardrooms, and a crew club with a lounge, fitness studio and showers.

Rust said the marina offers the right buyer a great opportunity, given the lack of available moorage on the Island and in Vancouver, adding the facility was just starting to hit its stride before the COVID pandemic hit last year.

Rust believes a buyer will come from within the province, as commercial real estate has been a hot commodity over the last year. The capital is out there and looking to put money in commercial real estate.

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