Friday, January 31, 2020

Investing in a Catamaran: An Amenity and Accommodation


In the Philippines, there is a notion that luxury items like cars, condo units, boats, and private planes are purchases that are exclusive only to the affluent and influential but those are narrow ways of looking at potentially good investments. Catamarans in the Philippines aren’t new luxury items but they are new concepts when it comes to being amenities and accommodations. This can be your business’ claim to fame.

As an Amenity

The catamaran is a spacious and very safe type of water craft making it perfect not only for big groups of friends but also for families. If you have a hotel especially if it’s seaside, you can invest in a catamaran and offer it as a separate amenity that your guests can avail. They can stay there for a day tour, a night tour, for events, or use it for location hopping.

Commonly, hotels and other seaside accommodations offer water packages by third party from referrals to locals who offer boat rides and other water entertainment. While you can hire local help for steering and piloting your ship, having a catamaran gives you’re an ace up your sleeve given the less diverse competition when it comes to Philippine tourism offerings. Even high end hotels this side of boracay do not offer such a luxury.

As Accommodations

While you might not have a hotel business of your own, you can still invest in a catamaran. If you already own a catamaran however, you can customize it for transient or per night accommodations. Simply put, think hotel but on water.

You can customize your vessel to cater to transient stay because as it is it might be laid out to cater to your needs which might not necessarily be intuitively important to staying guests. You will need more sleeping quarters and your kitchen may need a smaller fridge but bigger and more varied cooking equipment as opposed to large fridge that your guest might not make the best of.

Bigger details could include having EZ docks for lounging and offshore docking purposes and experience customization as well as having a room or a section of the catamaran emptied or customizable in case your guests would want to hold events.

These are just two general ideas on how to invest and make more money out of a luxurious catamaran in the Philippines. Do you have other ideas on how to make a catamaran a wise investment apart from the tourism and hospitality industry?

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