Haute Living: Wave of Yacht Sales A Boon for Luxury Fractional Private Residence Clubs?

The Haute Living blog today reported that European yacht-making companies like Princess Yachts and Beneteau SA are rolling out their most expensive models yet. According to the post, "Princess Yachts received their first $19.5 million order to build its largest boat ever (a 130-foot vessel)" while "Beneteau, the world’s largest maker of sailboats, and HanseYachts AG, Germany’s largest yacht maker, are also predicting higher revenues."

What's the hook? It could mean that the affluent "are beginning to spend again, as the demand for larger and more modern vessels picks up," Haute Living concludes. We find this news encouraging on a number of fronts. Wealthy buyers seem to be riding a wave of confidence as everything from yacht sales to high-end jewelry sales have been up recently. Additionally, experts say that high-end yacht purchases are almost always paid for in cash--which is also true for the majority of fractionals in ultra luxury private residence clubs.

What's your view on Haute Living's post?