After visiting the region last year, the growth in even 12 months is a testament to the faith investors have in the region. Oliver Corlette, managing director at Porto Montenegro shared that, "when we arrived in 2007, the concept of this destination for superyacht owners simply did not exist. Here we are complete phase one with 250 berths filled, with plans for phase two to see another 400-700 available". Montenegro is one of a number of new countries emerging out of the east hoping to lure long time clients of the traditional milk run away to new waters. Having spent time in Turkey, Croatia and now Montenegro this summer, it is easy to see what sets such regions apart. Investors in these countries are putting plenty of time and money behind their respective projects to ensure clients receive the same level of luxury and service that they can get in the traditional Med hot spots, but in quieter waters, away from the over saturated tourist zones.
Lustica Bay and Dukley Gardens are two separate developments working to create luxury resorts for UHNWI, with options for superyacht owners and charterers to stay with them and enjoy the local amenities. There will be no shortage of dining, golf, leisure activities and even residential options for those looking to make themselves at home whilst in the country. Plans for the initial phase of Lustica Bay' development along Montenegro's rugged coastline include a 176-berth marina, where residents' yachts of up to 35 metres in length will be accommodated. While Dukley Marina now has the seal of approval from long established Camper & Nicholsons Marinas, which has welcomed them into the exclusive 1782 Club. Kurt Fraser, sales and marketing director shared that their reasoning behind partnering with the team was a result of, "becoming the first port of call for clients entering the Adriatic. We're looking to capture those guests that are perhaps looking for a little something more, a new adventure, or to be the first on an emerging scene". Head of Sales and Marketing at Dukley Marina, Colin Kingsmill shared that "the region as a whole is truly like the western Med of 40 years ago, with all the modern luxuries of today. Montenegro has a lot to offer in terms of high end nautical tourism, tax and duty free fuel and vignette systems to name a few".
With the majority of the various development projects due for completion in 2017, it will be interesting to see how the infrastructure within the country, and neighbouring ones of the Adriatic, begins to grow and take shape. As the saying goes, watch this space.