SailTime reports uptick in fractional ownershipPosted on
While much of the industry is reporting a drop in sales, fractional boat ownership appears to be on the rise, according the SailTime Group LLC, of Annapolis.
SailTime has seen steady increases in membership and boats being brought into the program as boating enthusiasts seek innovative and affordable ways to keep their boating dreams alive during uncertain economic times, said Wayne Diviney, CEO and president of SailTime, in a statement.
SailTime added more than 100 new members worldwide in 2008, increasing its overall membership to more than 1,100. The company opened five new European bases last year and added 21 new boats to its fleet through its owner-member program.