At the session of the Association of Boat Accommodation Service Providers - HGK charter, it was concluded that the average decline in arrivals in the entire sector is around 50 percent, while revenues fell by up to 65 percent.
President of the Association Paško Klisović He explained that the success of nautical and performance figures are linked to the result of marinas and mega yachts, while the figures for the charter segment say something elseCharters in the Split basin have a drop of about 60 percent, while the south is even worse due to dependence on flights", Explained Klisović.
What particularly worries charterers is the drop in revenue that exceeds the drop in the number of arrivals. "The drop in business revenue is up to 65 percent, and that’s what we live on, not the number of arrivals. Given that most booking done in last minute, provisions are realized at significantly lower prices than usual so that the financial loss is significant. Guests from distant destinations were almost completely absent, but we managed to reach some new ones who have not been charter guests so far and should be kept. ", he said Luka Shangulin, owner and director of the charter company Angelina Tours from Biograd and deputy president of the Association of boat accommodation providers - charter HGK.
Klisovic: Losses are estimated at around 150 million euros
Klisović also commented on the finish of the season, emphasizing that the losses from bookinga, which was absent due to an increase in the number of infected towards the end of the summer, is estimated at around 150m euros. "We hope that weddings and parties were worth it, and that if the situation is the same again, we will still decide on the charter segment, which is a much safer form of vacation and life in general, and which was interrupted for half a season due to risky mass events.. The most difficult period is yet to come, given that we now have a drop in receipts of over 80% due to the complete absence of early booking and receipts of advances for the 2021 season, which otherwise finances winter operations that require significant funds needed to prepare vessels for the season. The biggest single cost of doing business is the annual berth in the marina, which is unfortunately fixed regardless of the success of the season, and this year the charters, unlike other tenants, did not receive any help or exemptions for their rentals."Emphasizes Klisović and adds that they are significantly affected by the depreciation of vessels, ie the decline in the value of the fleet, which makes the charter significantly more endangered than the hotel business whose assets do not lose value.
Charter companies also warned that they had not received solutions to Covid loan applications for 6 months; and any possible reserves have melted and funds for working capital and liquidity are urgently needed for the survival of the business
"Under the new proposal, job-saving grants are based on declining seasonal incomes, which may correspond to some seasonal content, but we don’t live off the peak and our inflows flow in the winter, meaning we won’t be able to use measures and we will unfortunately have to dismiss if there is no change. We appeal in good faith to Minister Aladrović and we believe that the Ministry of Labor will meet our needs, as it did to caterers who can choose the calculation month by month or cumulatively, so the mechanism exists", Concluded Klisović.