The Caribbean is the birthplace of yacht chartering.
The islands have become home to many famous names and stars, including Prince Harry and Prince Andrew.
Here are a few things to know about the country’s yacht rental industry.
Renting a yacht is not cheap: A yacht in Cuba is usually rented for about $15,000 per month.
But that can change quickly depending on the size of the vessel, the amount of time that the boat is on the water and how much of the money is being spent on repairs.
A typical chartering contract typically includes a provision that states the yacht is to be serviced by a licensed yacht club.
In Cuba, the only club is the Riviera Club.
The Riviera’s chartering contracts are usually for $300 per month, according to a 2013 article in the Miami Herald.
The club charges about $30,000 a month for a two-day cruise in 2018.
Most Caribbean islands have only one yacht club: The Rivieras club is Cuba’s only private chartering company, and its membership is limited to about 1,000 people.
The island’s charterers, which are mostly families, are often the wealthiest people in the country.
In a statement to USA Today, the Riviera said that the club is a “community of friends” and that it “frequently works with other members to facilitate the operation of private charter operations.”
The average monthly income for a Caribbean chartering yacht club member is $250,000: A member of the Riveria’s charter group can expect to earn between $250 and $300,000, according the Miami New Times.
Cuba’s economy is booming: While Cuba’s economic growth has slowed recently, the country is still growing.
In 2018, the government said its economy grew by 4.6% and unemployment dropped to 4.7% from 4.9%.
A number of Cuban companies are expanding their operations in the United States and Europe.
The Cuban Embassy in Washington, D.C., estimates that the number of Americans visiting Cuba in 2018 surpassed 3 million, the largest number since 2000.
A few countries are taking more ownership of the Caribbean: The Caribbean has long been home to some of the world’s richest people, and many countries have sought to make the Caribbean more financially attractive.
The U.S. government has been working to open up the region’s commercial fishing waters, and the U.K. and France have made efforts to boost tourism in the region.
But it remains to be seen whether Cuba’s growing economic prosperity will be enough to offset the economic and social toll that its island neighbors have taken on the island.