More cruise line/Yacht business in Monaco
I was looking for a thread to put an excerpt of this article in (it's copy-righted, so dots are where I excerpted the text). Monaco is building a new port on the north side of the harbor (where the new Monaco Yacht Club will be) to be finished by the end of 2007. It seems there is a little controversy because Monaco prefers to focus on the higher end cruise line docking berths because these passengers tend to stay in Monaco for their excursion and spend money.
Lloyd's List International
April 20, 2006 Thursday
Port Hercule proves that if you build it, they will come
Since the installation of a semi-floating dock in 2002, Monaco's Port Hercule has seen a steady rise in cruise and mega-yacht traffic.
Further development will continue "zone by zone" on the north side, according to Mr Keusseoglou, with the addition, successively, of 35 new berths for large yachts, 22 new berths for mega-yachts and then a further 10 to 12 mega-yacht berths.
"Our target is 200 to 700-passenger vessels at the high end of the market," he says, "and we are trying to develop turnaround business."
He describes criticism of Monaco for trying to keep out larger ships with a less up-market clientele as misplaced.
It is simply a business decision implemented through higher fees.
"It is not a question of not wanting those clients, but when you bring a 2,000-passenger ship into port, it stays for the whole day and the passengers get off and depart on excursions in a fleet of buses.
"Not only does it create chaos in the town, but we get no gain for it either."
Mr Keusseoglou notes that the mission of Ports de Monaco is to generate income for the principality as a whole and not just for the port. A study completed in 2004, and now being updated, found that passenger spending in Monaco, not counting hotels and restaurants, ran to EU 20m ($24.5m).
He anticipates 216 cruise calls this year, up from 192 in 2005, while passenger numbers should rise to 200,000 from 135,000. Monaco's clients include such upmarket names as are Silversea, Seabourn, Radisson, SeaDream and Star Clippers, as well as MSC, the exception to the rule on big boats. The MSC Opera made its maiden call earlier this month and was greeted by PrinceAlbert, no less, an enthusiastic supporter of the local industry.
"As for the future, he says "we are practically full from May until the end of September and half-full in April and October. The big task now is to extend the season as much as we can."