Travelopia investing $130 million in charter fleets

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TravelopiaThe Moorings

Travelopia Yachts, parent to The Moorings, Sunsail and Footloose, said it has made an “unprecedented investment” into its charter businesses. The company said in a statement that it moved quickly to re-establish operations in its Caribbean bases following Hurricane Irma in 2017. It reopened its British Virgin Islands base in December 2017 and St. Martin in February 2018.

Travelopia said the “ongoing investment” in the charter businesses is more than $130 million. The company bought new sailboats from Jeanneau and Beneteau and is purchasing 25 Sunsail Match First-40 sailboats over the next two years. It also is acquiring new sailing and power cats by Robertson and Caine, as well as Lagoon.

“Overall, this investment reflects an unparalleled injection of quality and variety into these charter fleets at a time when the financial stability of some operators in the broader yacht charter market remains uncertain,” the statement said.

Travelopia said it is making “significant development” with its base network infrastructure, including marina operations in the BVI, an on-site hotel, pool and restaurant areas.

The company said it is also investing “several million” in technology infrastructure and capabilities. “This investment will change the way the business is able to interact with our customers, with greater insights providing a personalized customer experience to each prospective charterer,” the statement said.

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