Morgan’s Point CEO Addresses SKAL Bermuda
CEO of Morgan’s Point Morgan’s Point Craig Christensen addressed the November meeting of SKAL Bermuda about the development of Caroline Bay, which will feature a Ritz Carlton Reserve Hotel, condominium residences as well as a state of the art marina.
Visitor Industry Partnership Chair and SKAL President Dr. Barbara O’Shaughnessy noted, “SKAL members were very impressed by the scale and style of this development.”
“We were pleased to hear that the first phase is well under way and believe that Caroline Bay will make a significant contribution to our tourism product and provide new employment opportunities”.
SKAL is a professional organisation of tourism leaders around the world, promoting global tourism and friendship.
Nobody is going to bring a megayacht here because someone builds a marina. These boats have plans for a year in advance and the simple fact is that they go to the Caribbean for the winter and the med for the summer. Bermuda is not en route. The real big boats don’t want to be at a marina anyway due to security issues. They prefer to be at anchor. They will be busy for the Americas Cup and that will be that. Bermuda is way out of the way for anyone to stop by here. Most boats that come here are sailboats, usually retired people going around the world as cheaply as possible. The big boats have deadlines like getting to Monaco for the Formula 1 grand prix and being in Antigua for race week in April. The only way to get big sailboats here is to have a charismatic yacht race like the St. Barts bucket race or the Antigua super yacht race. They won’t come here because somebody pours some readymix concrete.
Yes, I think we have to be realistic. I hope Bermuda doesn’t fall into recession AGAIN as soon as the AC leaves Bermuda next summer. We had better have some more magic up our sleeves!