General Travel News

Yacht Owners Look To Recover Their Investment

Cash strapped yacht owners are keeping the second hand boat market busy as they look to recover some of their investment.  Many who bought their yachts during better economic times are now trying to free up cash by selling their boats.  Rashid, who owns a property company in Dubai, purchased a new 50 foot luxury yacht over two years ago for Dh10 million (US$2.72m).  At the time Rashid had the funds to maintain the expensive boat, but now he is willing to let it go for only a third of its original value. 

Michael Derret, a market research consultant specializing in business planning for the maritime leisure industry said “In the short term it’s very tough for the industry.”    Derret explained that marina developments depend on property developments in part, because they increase the property value and create a lifestyle.  When property values increase again, marina projects will also grow.
 

More General Travel News
Constance Halaveli Maldives offers the luxury of space in seclusion
Multiple Langham Hotels named in 2020 Readers' Choice Award
Swiss Belhotel to open 4 new hotels in the GCC
Latest Travel News
Multiple Langham Hotels named in 2020 Re...
Swiss Belhotel to open 4 new hotels in t...
Abu Dhabi and Wizz Air announce establis...
Featured Sights To See
Eaux Vives Park

Eaux Vives Park

Geneva, Switzerland

Adjacent to the Parc la Grange on a smoothly sloping hillside, Eaux Vives Park offes a relaxing escape into serenity. The park contains the headquarters of the Geneva Sports Association. An ancient 18th century castle that stood on the site has been conveniently converted into a fancy restaurant.    ...

The National Leprechaun Museum

The National Leprechaun Museum

Dublin, Ireland

The National Leprechaun Museum takes visitors deep into Celtic culture to discover what really lies behind tales of leprechauns, rainbows and pots of gold. The first ever visitor attraction dedicated to the world of Irish myth, it opens up a magical world full of fascinating folklore and enchanting stories. A fairytale for adults and children alike, this captivating and interactive experience...

Astronomical Clock

Astronomical Clock

Prague, Czech Republic

Old Town Hall Times: the chiming times are every hour on the hour from 9am to 9pm Don’t bother trying to read the time on this clock (look to the clock above it for the time) which is a mechanical marvel, constructed in 1490. Crowds gather before this clock to witness Death ring a bell, inverts his hourglass and the 12 apostles parade through the windows then a cock crows – all in the spac...

Kids and Teens- Finnish Opera

Kids and Teens- Finnish Opera

Helsinki, Finland

The National Opera runs special programs for children featuring exciting stories and documentaries to promote learning and creativity.                     ...