yacht week wall street journal

Top-tier MBA students are shelling out thousands to network and party at 'Yacht Week' in the Mediterranean

• MBA students are flocking to Yacht Week each summer to party and hobnob with potential future employers and colleagues. 
• The annual event has grown significantly since it started in 2007, and now hosts hundreds of attendees. 
• The trip doesn't come cheap, at upwards of $1,000 for the yacht experience itself, not including airfare, food, or drinks. 

Among the lavish cocktail parties and industry soirees, another luxurious networking experience for elite MBA students is quickly emerging as the go-to event of the year: Yacht Week. 

Students hailing from the country's top business schools are flocking to Croatia each summer to party and hobnob with potential future employers and colleagues while sailing across the Adriatic Sea, the Wall Street Journal reported .

Yacht Week was created in 2006 by the Swedish company Day 8 AB, and has continued to grow every year since, according to its website. Today it hosts more than 500 MBA students — typically hailing from top-tier US programs at schools like Harvard, Duke, Dartmouth, and Northwestern — every summer for week-long trips.

While its traditional route begins in Trogir and culminates in Split, students also can select more expensive routes that sail around the coasts of Greece, Turkey, or French Polynesia, among others. The original Croatian route costs between $566 and nearly $1,000 per person, depending on the week, and airfare, food, and drinks are not included. 

According to the Wall Street Journal, hosting these business students has expanded into big business — from 2007 to 2022, the number of yachts has grown from 95 total to just under 1,000 in 2022. 

"The girlfriends I went with on the trip, maybe we'll become co-founders one day," Hannah Bae, a student at Dartmouth's Tuck School of Business told WSJ. "I know we'll be successful no matter what."

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Yacht Week typically involves heavy partying, with the boats often docking in a circle to create an area where attendees can sip cocktails and lounge on floaties while cavorting with students on other boats. The average age of a Yacht Week-goer is between 21 and 40 years old, WSJ reported.

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A 2015 review of Yacht Week in GQ described the event and its parties as "raucous," and its attendees as largely affluent. 

"Nearly everyone is beautiful, single, uninhibited, and bottle-service wealthy," GQ's Stuart McGurk wrote. "Several have been on reality-TV shows. It is the only holiday you can go on, I discover, that includes two staff photographers taking pictures of everything you, the hard-partying customer, get up to at all times.

Whether the week-long party actually translates to jobs for these students remains uncertain, but regardless, it's clear the attendees are having a good time and at the very least believe in the possibility of making meaningful connections. 

"Someone from Yacht Week is going to be a really important part of my life one day," Jaron Wright, a Harvard MBA student told WSJ. "I have a feeling that's going to happen."

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Yacht Buyers Find New Boats To Be Just Plain Sickening Wall Street Journal Weekender Section 22 May 1998 by Sam Walker MYSTIC, CONN. -- Last year, Neal and Alix Van Rees spent $145,000 on the sailboat of their dreams, a glorious 38-footer with a queen-size bed and a microwave. They christened it "Nealix." They slipped on their topsiders and sailed it over to Block Island, off the easternmost tip of New York's Long Island.

Then they got rid of it.

"It made me a little queasy," says Mrs. Van Rees, citing the boat's tendency to rock and pound the waves "a lot more" than the couple's previous sailboat. Worse, the boat would careen too much in high winds. "I'd just stay down in the cabin gritting my teeth," says Mrs. Van Rees, a retiree.

All over the country, some of the fastest, most elaborate and costliest sailboats ever built are being consigned to the boatyard with "for sale" signs taped to their prows. The problem: They're uncomfortable, frightening, and even a bit nauseating.

"Prices are soaring, but the boats are only getting worse," says Peter Johnstone, president of Escape Sailboat Co., a Rhode Island firm that sells entry-level vessels. Adds Bill Padget, a used-yacht broker from Denver: "It's a lot of money for something that can scare you or make you sick."

Despite the rollicking economy -- and rapid sales in the much larger power-boat market -- sailboat manufacturers produced just 1,094 boats over 36 feet last year, according to the Sailing Company of Newport, R.I. That's a 12% decline, and the smallest output in four years. Industry studies show that 70% of the large sailboats sold in America these days are used.

Critics say too many sailboat manufacturers are concentrating on a new generation of high-performance luxury boats -- which start at $100,000 and run up to $2 million if customized. Lighter, sleeker and faster, these boats generate much higher profit margins than the heavy old crab crushers of yore. But owners say they're also nowhere near as steady.

Even many boat makers agree something is terribly amiss here. "We've always been a business that sells what it makes rather than making what sells," says Arlene Sloan Baxter, executive director of the National Sailing Industry Association. "Boat manufacturers don't like to hear that, but it's time we started to change."

Before the recent onset of lighter, carbon fiber materials and better sails, sailboats hadn't evolved much in decades. Older boats were made of wood or aluminum, with deep hulls that kept them steadier in rough seas. ("They were built like brick houses," says Mr. Johnstone, the boat maker.) Today's designs -- inspired by pure-bred international racing boats -- can attain speeds once unheard of in mom-and-pop sailing.

But these faster, lighter yachts, experts say, require a lot more sailing prowess to prevent the kind of excessive rocking and wild leaning that makes people sick. With flatter bottoms, the new experience that makes novice skippers want to spend $200,000.

"When these boats pick up speed, a lot of neophytes just basically roll around on deck," says Glenn Henderson, a performance-yacht builder from St. Petersburg, Fla. "They come home with bruises."

Jack Corcoran sure did. The 58-year-old Philadelphia accountant figured $100,000 would be enough to buy a new boat that he and his wife, Bonnie, could sail comfortably on the ocean. But he rarely got the nerve to leave the placid waters of Chesapeake Bay in his 36-footer, dubbed "C Breeze."

On rare occasions when bay winds have reached 30 knots, Mr. Corcoran says, the sailing yacht has tipped, heeled over on its side, and taken on so much water that he has been forced to strap on a blue safety harness and lash himself to the life rail. "I wouldn't dream of taking this thing out on the Atlantic," he says of the yacht, which he plans to sell in favor of an older, heavier used boat. "That wouldn't be my idea of a good time."

Chuck Bralver, a management consultant in his 40s from New York, recently traded his hot rod J-105 sailboat for a 34-foot Creelock cruiser with a teak cabin that looks as if it could have been built 50 years ago. The reason: He worried that his four young children would get tossed around like popcorn on the deck. Besides, he adds, "My wife said it wasn't for her."

To be sure, there's still a market for today's advanced designs. Chip Shea, marketing director for Hunter Marine, a large Florida boat company, says its new sailboats "are not for everyone" but are one of the few brands gaining market share. (Sales of its large yachts are up about 10% in each of the last five years, he says.) Robbie Robinson, a Seattle boat dealer, has sold a handful of $300,000 yachts to twentysomething "Microsoft children" who have promptly vanished to the tropics.

Built for Speed

And Chuck Paine, a yachtsman from Camden, Maine, who designs custom boats for a clientele that, in his words, "likes to go fast," says it isn't the boats' fault. Some sailors, Mr. Paine says, particularly those who "recently came into money" lack the experience to control modern boats in heady winds. They blame the boat for being uncomfortable, he continues, when the real problem is "they don't know how to slow it down."

Maybe so, but many boating experts worry about the long-term effects of sailing's obsession with speed. Unless manufacturers start building boats that don't jar their owners' chardonnay glasses, they say, they'll risk losing an entire generation of would-be customers to powerboats -- which already control more than 90% of the total boating market -- or (God forbid) to competing pastimes like golf. Already, the number of Americans who sail more than once a year has fallen 50% since 1988, according to the National Sporting Goods Association.

"If the industry isn't frightened yet, it ought to be," says Jim Muldoon, president of the United States Sailing Association in Portsmouth, R.I.

The Van Reeses couldn't agree more. On a recent morning, the silver-haired couple donned cabled sweaters and drove their Toyota Camry from their condominium in Stonington, Conn., to the Mystic Shipyard to have a look at the hulking bone-white yacht they discarded, now perched on metal stays in the marina's expansive parking lot.

Mr. Van Rees, a retired New York lawyer, says he didn't mind the boat's waterborne manners so much, but he wasn't terribly fond of its tubby appearance. Meanwhile, his wife recounts stories about episodes of queasiness, staggering trips to the bathroom and abortive attempts to eat crackers at six knots.

"I'm sure this boat appeals to some people," Mrs. Van Rees says, casting a charitable eye at the fiberglass ship with its tinted windows and flat-as-a-pancake hull. "But I'm not certain whom."

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The Ultimate Guide To The Yacht Week Croatia

Published: October 14, 2023

Modified: December 28, 2023

by Kaitlyn Jason

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Introduction

The Yacht Week Croatia is a one-of-a-kind sailing adventure that combines stunning landscapes, crystal-clear waters, and unforgettable parties. If you’re looking for a unique and exhilarating vacation experience, this is the perfect choice. Whether you’re a seasoned sailor or a first-time sailor, The Yacht Week offers something for everyone.

Set sail along the breathtaking coastline of Croatia, exploring picturesque islands and hidden coves. Soak up the sun, swim in turquoise waters, and indulge in delicious local cuisine. The Yacht Week Croatia will take you on an unforgettable journey through some of the most enchanting destinations in the Adriatic Sea.

Hosted in the summer months, The Yacht Week Croatia attracts thousands of adventurous travelers from around the world. Join a fleet of yachts and party alongside like-minded individuals, creating memories that will last a lifetime. Whether you’re traveling with friends, a significant other, or looking to make new connections, The Yacht Week offers a social and vibrant atmosphere.

Prepare to be amazed by the natural beauty of Croatia as you sail from one stunning location to another. Each day brings a new adventure, whether it’s exploring charming coastal towns, snorkeling in hidden caves, or simply relaxing on deck while taking in the breathtaking scenery.

The Yacht Week Croatia is not just about sailing. It’s a fully immersive experience that combines adventure, relaxation, and incredible nightlife. From exclusive beach parties to sunset cocktails, the evenings are as electric as the days. Dance the night away under the stars, surrounded by the sound of music and the laughter of newfound friends.

Whether you’re seeking adventure, relaxation, or a thrilling party scene, The Yacht Week Croatia has it all. Embark on the journey of a lifetime and create memories that will stay with you forever.

What is The Yacht Week

The Yacht Week is a world-renowned sailing event that offers a unique and exciting vacation experience. It brings together sailing enthusiasts, party-goers, and adventure seekers from all over the globe for an unforgettable week of sailing, exploring, and partying.

Started in 2006, The Yacht Week takes place in various stunning locations around the world, including Croatia, Greece, Italy, and the British Virgin Islands. Each destination offers its own unique charm and allure, but one of the most popular and iconic routes is The Yacht Week Croatia.

During The Yacht Week Croatia, participants have the opportunity to sail along the picturesque coastline of Croatia, visiting beautiful islands such as Hvar, Vis, and Brač. The crystal-clear waters, stunning landscapes, and vibrant nightlife make it an ideal destination for an unforgettable sailing adventure.

One of the key features of The Yacht Week is the social aspect. Participants have the option to join as a group or as individuals, and they are assigned a yacht to share with other like-minded individuals. This creates a unique and vibrant community on each yacht, fostering new friendships and connections.

While The Yacht Week is known for its amazing parties and nightlife, it also offers a range of other activities and experiences. From exploring ancient towns and villages to snorkeling in hidden coves, there is something for everyone to enjoy. Participants can also partake in water sports, beachside yoga sessions, and cliff jumping for an extra dose of adventure.

Whether you’re an experienced sailor or a beginner, The Yacht Week caters to all levels of sailing expertise. Each yacht is equipped with a professional skipper who ensures a safe and enjoyable sailing experience. Participants also have the opportunity to learn the ropes and gain confidence behind the helm if they desire.

Overall, The Yacht Week is a perfect combination of sailing, adventure, relaxation, and vibrant nightlife. It offers a unique opportunity to explore stunning destinations, make lifelong friends, and create memories that will last a lifetime.

Getting Started

Before embarking on your Yacht Week Croatia adventure, there are a few important steps to take to ensure a smooth and enjoyable experience. Here’s a guide to help you get started:

1. Plan in advance: The Yacht Week is a popular event and spots fill up quickly. It is important to plan and book your trip well in advance to secure your spot. Decide on your travel dates, gather your crew, and start researching yacht options.

2. Choose your route: The Yacht Week Croatia offers different route options, each with its own highlights and experiences. Research and select the route that best suits your preferences, whether you’re interested in exploring historical towns, secluded beaches, or lively party destinations.

3. Gather your crew: The Yacht Week is all about creating unforgettable memories with your friends or making new connections. Gather your crew of friends who share your sense of adventure and party spirit. If you don’t have a full crew, you can join as an individual and be placed with other like-minded individuals.

4. Select your yacht: The Yacht Week offers a range of yachts to accommodate different group sizes and preferences. From luxury catamarans to traditional monohulls, choose the yacht that best suits your needs. Consider factors such as the number of cabins, onboard amenities, and budget.

5. Determine your budget: It’s important to set a budget for your Yacht Week Croatia adventure. Consider expenses such as yacht rental, fuel, provisioning, mooring fees, and additional activities. Splitting costs amongst your crew can help make the experience more affordable.

6. Book your yacht: Once you’ve decided on your route, gathered your crew, and selected your yacht, it’s time to book. Contact The Yacht Week Croatia organizers or a trusted yacht charter company to secure your yacht and finalize the details.

7. Prepare necessary documents: Ensure that you have all the necessary documents for your trip, including passports, travel insurance, and any required visas. Check the entry requirements for Croatia and make sure your travel documents are valid and up to date.

8. Pack wisely: Pack clothing suitable for warm weather, including swimwear, light and breathable clothing, sunscreen, sunglasses, and a hat. Don’t forget essentials such as towels, toiletries, and any personal medications you may need. It’s also a good idea to bring a waterproof bag to protect your belongings on the yacht.

9. Familiarize yourself with sailing basics: While you’ll have a skipper on board, it’s always helpful to have some basic sailing knowledge. Familiarize yourself with sailing terminology and learn a few key skills such as tying knots and handling lines.

10. Get excited and embrace the experience: The Yacht Week Croatia is an incredible adventure filled with unforgettable moments. Embrace the excitement, make new friends, and be ready to create lifelong memories as you set sail in the beautiful Adriatic Sea.

Route Options

The Yacht Week Croatia offers several route options, each showcasing a different set of stunning destinations and experiences. Here are some of the popular routes to consider:

1. Dubrovnik Route: Starting from the “Pearl of the Adriatic,” Dubrovnik, this route takes you along the southern coast of Croatia. Explore historical sites in Dubrovnik, famous for its medieval walls and stunning architecture. Sail to the idyllic island of Korčula, known for its vineyards and picturesque Old Town. Continue to the trendy island of Hvar, famous for its vibrant nightlife. The Dubrovnik Route allows you to discover the beauty of southern Croatia.

2. Split Route: Departing from the vibrant city of Split, this route takes you to some of the most popular islands in Croatia. Visit the island of Brač, known for its beautiful beaches, including the famous Zlatni Rat. Sail to the island of Vis, a hidden gem with secluded bays and crystal-clear waters. Explore the lively town of Hvar, where you can soak up the sun, indulge in water sports, and enjoy the buzzing nightlife. The Split Route allows you to experience a mix of relaxation and partying.

3. Zadar Route: Starting from the historic town of Zadar, this route takes you to the northern part of the Croatian coast. Discover the stunning Kornati National Park, a unique archipelago of picturesque islands and reefs. Sail to the island of Dugi Otok, where you can explore hidden coves and enjoy serene natural beauty. Visit the vibrant town of Šibenik, with its impressive Renaissance Cathedral and charming old town. The Zadar Route offers a more off-the-beaten-path sailing experience.

4. Ultra Route: If you’re a music lover and a party enthusiast, the Ultra Route is the perfect choice. This route combines the electrifying experience of The Yacht Week with the renowned Ultra Europe music festival. Start your journey in Split, where you’ll enjoy the festival, featuring top international DJs and incredible stage productions. After the festival, sail to the nearby islands, such as Hvar and Brač, for some relaxation and more partying. The Ultra Route combines the best of music, sailing, and island hopping.

Remember that each route offers its own unique attractions and experiences. Consider your preferences for history, culture, nightlife, beaches, and relaxation when choosing the route that suits you best. Keep in mind that The Yacht Week Croatia provides a carefully curated route with recommended destinations and activities, ensuring a well-rounded and unforgettable sailing adventure.

Accommodation

When it comes to accommodation during The Yacht Week Croatia, your yacht becomes your home away from home. The yachts provided are spacious and comfortable, offering everything you need for a week-long sailing adventure.

The yachts are well-equipped with multiple cabins, allowing you and your crew to have your own private sleeping quarters. The cabins are cozy and designed to maximize space, with comfortable beds and storage options for your belongings. Each cabin typically accommodates two people, making it easy to allocate sleeping arrangements among your crew.

Common areas on the yacht include a spacious salon where you can gather and relax, a fully equipped kitchenette to prepare meals, and dining areas both indoors and outdoors. The yachts also feature bathroom facilities, including showers and toilets, ensuring convenience throughout your trip.

It’s important to note that the yachts provided during The Yacht Week Croatia are fully crewed. Each yacht is assigned a professional skipper who is responsible for navigating the yacht, handling sails, and ensuring the safety of all onboard. Having a skipper allows you to sit back, relax, and fully enjoy the experience without the stress of sailing the yacht yourself.

While the yachts offer a comfortable living space, it’s important to manage expectations regarding space and privacy. With a limited amount of space onboard, it’s essential to be mindful of your fellow crew members and maintain a respectful and considerate atmosphere.

Outside of your yacht, there are also additional accommodation options available for those who prefer to stay on land. Some participants choose to book a hotel or villa before or after The Yacht Week to extend their stay and explore more of Croatia’s incredible destinations. This allows for a mix of onboard and onshore experiences.

Keep in mind that booking separate accommodation on land may require additional planning and coordination. However, it can provide an opportunity for some downtime and a chance to experience the local culture and amenities.

Overall, the yachts provided during The Yacht Week Croatia offer a comfortable and convenient accommodation option for your sailing adventure. With well-appointed cabins, communal living spaces, and professional skippers, you can enjoy the perfect balance of comfort, adventure, and socializing during your time on the yacht.

Yacht Selection

Choosing the right yacht is an essential part of planning your Yacht Week Croatia adventure. The Yacht Week offers a range of different yachts to cater to various group sizes, budgets, and preferences.

When selecting a yacht, here are a few factors to consider:

1. Group Size: Determine the number of people in your crew. Yachts can accommodate different group sizes, from smaller yachts for intimate groups to larger yachts for bigger parties. Make sure the yacht has enough cabins and sleeping arrangements to comfortably accommodate everyone.

2. Yacht Type: Consider the type of yacht that suits your preferences. The Yacht Week offers a variety of options, including monohulls, catamarans, and luxury yachts. Monohulls offer a more traditional sailing experience, while catamarans provide spacious and stable platforms for socializing. Luxury yachts provide additional amenities and a higher level of comfort.

3. Amenities: Check the amenities available onboard the yacht. Some yachts offer additional features such as air-conditioning, Wi-Fi, swimming platforms, and water toys. These amenities can enhance your sailing experience and provide extra fun and convenience.

4. Budget: Set a budget for your yacht rental. Yachts range in price based on their size, age, and level of luxury. Consider the overall cost of the yacht rental, including fuel, provisioning, and any additional fees. It’s important to align your budget with the type and size of the yacht you choose.

5. Skipper or Bareboat: Decide whether you want to charter the yacht with a skipper or as a bareboat. Having a professional skipper onboard can provide peace of mind and let you fully enjoy the experience, especially if you’re not an experienced sailor. If you have the necessary qualifications and experience, you may opt for a bareboat charter and take the helm yourself.

6. Age and Condition: Take into consideration the age and condition of the yacht. Newer yachts may offer upgraded features and a more modern design. However, older yachts can still be charming and well-maintained. Research the yacht’s history and reviews to ensure you choose a reliable and comfortable vessel.

7. Yacht Charter Company: Work with a reputable yacht charter company or The Yacht Week organizers to book your yacht. Ensure they have a good track record of providing quality yachts and reliable service. Read reviews and gather recommendations to make an informed decision.

It’s important to note that the availability of specific yachts may vary depending on the time of booking. Popular yachts tend to book up quickly, so it’s recommended to book your yacht well in advance to secure your preferred choice.

Remember, selecting the right yacht will contribute to the overall enjoyment of your Yacht Week Croatia experience. Consider your group’s size, preferences, and budget to choose a yacht that meets your needs and ensures an unforgettable week of sailing and celebration.

Crewing Options

When participating in The Yacht Week Croatia, there are various crewing options available to accommodate different preferences and group dynamics. Here are some crewing options to consider:

1. Full Crew: If you have a group of friends or a pre-existing crew, you can book a full yacht and sail together. This option allows you to have full control over who you share the yacht with, ensuring a comfortable and familiar environment. You can customize the experience according to your group’s preferences and have a cohesive dynamic throughout the trip.

2. Partial Crew: If you have a smaller group or are open to meeting new people, you can book a partial yacht and be paired with other individuals or smaller crews. This option allows you to join a diverse and sociable group, giving you the opportunity to make new friends and forge connections with people from all over the world. It can create a dynamic and lively atmosphere, with a mix of different personalities and backgrounds onboard.

3. Cabin Charter: If you’re an individual traveler or have a small group, you can opt for a cabin charter. This option allows you to reserve individual cabins on a shared yacht. You’ll be paired with others who have chosen the cabin charter option, and you’ll share the common areas and facilities of the yacht. Cabin chartering is a great way to meet like-minded travelers and experience The Yacht Week Croatia without needing to gather a full crew.

Regardless of which crewing option you choose, it’s important to maintain a respectful and considerate attitude towards your fellow crew members. Communication and cooperation are key to ensuring a harmonious and enjoyable experience for everyone onboard.

Participating in The Yacht Week is not just about sailing—it’s also about building connections, fostering friendships, and creating incredible memories together. Embrace the opportunity to meet new people, learn about different cultures, and share adventures with like-minded individuals from around the world.

For those who are new to sailing or want to enhance their sailing skills, The Yacht Week offers crew training courses. These courses provide participants the chance to learn the basics of sailing, navigation, and boat handling. It’s a great option for those who want to be actively involved in the sailing aspect of the trip and gain a deeper understanding of the craft.

Overall, The Yacht Week provides different crewing options to cater to various preferences and group sizes. Whether you choose to sail with your own crew or join others on a shared yacht, the focus remains on creating an inclusive and vibrant community of sailors and party-goers. No matter which crewing option you choose, you’re bound to have an unforgettable experience sailing along the stunning coastline of Croatia.

Food and Drinks

When it comes to food and drinks during The Yacht Week Croatia, there are several options to ensure you’re well-fed and hydrated throughout your sailing adventure.

1. Provisioning: Before setting sail, you have the option to provision your yacht with groceries and supplies. Many yacht charter companies offer provisioning services, allowing you to pre-order everything you need for meals and snacks. You can choose from a variety of food and drink options, including fresh produce, meats, seafood, beverages, and snacks. This is a convenient option if you prefer to cook your own meals onboard.

2. Dining Out: If you prefer to indulge in local cuisine or take a break from cooking, you can explore the restaurants and cafes in the towns and villages you visit. Taste traditional Croatian dishes, such as fresh seafood, grilled meats, and Mediterranean-inspired cuisine. From beachside cafes to elegant waterfront restaurants, there are plenty of dining options to satisfy your appetite and immerse yourself in the local gastronomy.

3. Onboard Cooking: If you enjoy cooking or want to experiment with meals onboard, the kitchenette on your yacht provides the necessary equipment to prepare your own dishes. You can create delicious meals using the provisions you’ve stocked up on, showcasing your culinary skills and catering to your crew’s preferences. Cooking onboard also allows for flexibility in meal timings and dietary restrictions.

4. Group Dinners: The Yacht Week offers various group dinner events, where you and your crew can join other sailors for a shared dining experience. These events often include a catered meal or barbeque, allowing you to mingle with other participants, exchange stories, and create connections over a delicious feast. Group dinners are a great opportunity to socialize and meet fellow sailors from different yachts.

When it comes to drinks, be prepared to enjoy refreshing beverages throughout your sailing adventure:

1. Bring Your Own: You have the option to bring your own beverages, such as your favorite wine, spirits, or mixers. Pack your preferred drinks in plastic bottles or cans for safety and convenience. Make sure to check the alcohol policies and any restrictions or regulations in Croatia before bringing alcohol onboard.

2. Local Drinks: Embrace the local culture by trying Croatian wines, beers, and spirits. Croatia boasts a rich wine-making tradition, with various regions producing excellent wines. Sample different varieties and discover your favorites. Additionally, try local beers and spirits to fully immerse yourself in the Croatian drinking experience.

3. Beach Bars and Nightlife: Along the coastline of Croatia, there are numerous beach bars, clubs, and nightspots where you can enjoy a wide range of drinks. From refreshing cocktails to ice-cold beers, these establishments offer a vibrant atmosphere to socialize and celebrate with your crew and fellow sailors.

Remember to drink responsibly and within your limits. Stay hydrated throughout the day to combat the sun and heat, especially when engaging in water activities and partying under the Croatian sun.

Whether you choose to cook on board, dine out at local restaurants, or enjoy group dinners and drinks with fellow sailors, there are plenty of options to satisfy your hunger and quench your thirst during The Yacht Week Croatia. Indulge in delicious meals and refreshing drinks as you create unforgettable memories along the beautiful Croatian coastline.

Daily Itinerary

The daily itinerary during The Yacht Week Croatia is designed to offer a balance of adventure, relaxation, and vibrant nightlife. While each day may vary depending on the route and weather conditions, here’s a glimpse into what a typical day might look like:

Morning: Wake up to the gentle rocking of the yacht and the refreshing sea breeze. Enjoy a leisurely breakfast onboard, either prepared by your crew or using the provisions you’ve stocked up on. Take the time to soak in the stunning surroundings and plan out the day’s activities.

Afternoon: Set sail to your next destination, enjoying the freedom and excitement of being on the open water. Along the way, you’ll have the opportunity to explore hidden coves and swim in crystal-clear waters. Take a break from sailing and anchor in a picturesque bay for a relaxing lunch. Swim, snorkel, or simply bask in the sun while enjoying the beauty of your surroundings.

Late Afternoon: Continue sailing to your next destination, arriving at a vibrant coastal town or island. Step ashore and explore your new surroundings, immersing yourself in the local culture. Wander through charming streets, visit historical sites, or indulge in some shopping. Take in the panoramic views and capture the beauty of the Croatian coastline from different vantage points.

Evening: Return to your yacht and prepare for the evening’s festivities. Freshen up and get ready to enjoy The Yacht Week’s legendary parties. Whether it’s an exclusive beach party, a themed event, or a sunset cocktail gathering, the nights are filled with energy and excitement. Dance under the stars, enjoy live music, and connect with fellow sailors, creating memories that will last a lifetime.

Late Night: After partying the night away, return to your yacht for a peaceful night’s sleep, serenaded by the gentle sounds of the sea. Reflect on the day’s adventures, share stories with your crew, and prepare for the next day’s itinerary.

It’s important to note that while there is a general itinerary, The Yacht Week allows for flexibility and spontaneity. Weather conditions and group preferences can factor into the schedule, allowing for adjustments and impromptu detours. The beauty of The Yacht Week is the freedom to embrace the adventure and create your own unique experience.

Throughout the week, you’ll have the opportunity to visit various destinations, each with its own charm and allure. From historical towns to remote islands, there is something for everyone to discover and enjoy. Savor the breathtaking landscapes, swim in hidden bays, and immerse yourself in the vibrant culture of Croatia.

Remember, The Yacht Week is not just about the sailing and parties. It is a chance to disconnect from the everyday and fully embrace the beauty of the Adriatic Sea and Croatian coastline. Soak up the sun, make new friends, and create memories that will last a lifetime.

Activities and Excursions

The Yacht Week Croatia offers a wide range of activities and excursions that allow you to explore the beautiful destinations and make the most out of your sailing adventure. Here are some of the activities and excursions to consider during your trip:

1. Swimming and Snorkeling: With its crystal-clear waters, Croatia is a paradise for swimming and snorkeling. Dive into the refreshing sea and discover the vibrant underwater world. Snorkel around coral reefs, explore hidden caves, and encounter colorful marine life. Don’t forget to bring your snorkeling gear or rent it from yacht charter companies.

2. Water Sports: Get your adrenaline pumping with various water sports activities. From paddleboarding to kayaking, jetskiing, and wakeboarding, there are plenty of options to choose from. Explore the coastline from a different perspective and enjoy the thrill of these exciting water activities.

3. Cliff Jumping: For the adventurous at heart, try cliff jumping at designated locations. Plunge into the deep blue waters from rocky cliffs for an exhilarating experience. It’s essential to assess the safety of the jump and be aware of any potential risks before taking the leap.

4. Island Explorations: Croatia’s islands are full of hidden gems waiting to be discovered. Rent a scooter or take a guided tour to explore the islands’ stunning landscapes, picturesque villages, and historical sites. Visit ancient forts, churches, and local markets to get a taste of the local culture and traditions.

5. Beach Parties: No Yacht Week experience is complete without attending the legendary beach parties. Dance barefoot on sandy shores, enjoy live music performances, and socialize with other participants. These energetic and vibrant parties are the perfect opportunity to let loose and celebrate your sailing adventure.

6. Sunset Cocktails: Witness breathtaking sunsets over the Adriatic Sea while sipping on refreshing cocktails. Many beach clubs and bars offer sunset viewing spots where you can relax, enjoy the view, and capture memorable photos. It’s the ideal way to unwind after a day of sailing and activities.

7. Historical Sightseeing: Croatia is rich in history and cultural heritage. Visit historical sites such as Diocletian’s Palace in Split, Dubrovnik’s city walls, or the ancient town of Hvar. Explore the narrow alleys, marvel at the architecture, and learn about the fascinating history of these intriguing destinations.

8. Wine Tasting: Croatia has a long tradition of winemaking, producing excellent wines. Take part in a wine tasting tour and visit local wineries to sample the diverse range of wines produced in the region. Discover unique grape varieties and learn about the winemaking process while enjoying the stunning vineyard landscapes.

These are just some of the many activities and excursions you can engage in during The Yacht Week Croatia. Each destination offers its own set of opportunities, so take the time to plan and choose activities that align with your interests. Remember to embrace the adventure, try new experiences, and make the most out of your time exploring the enchanting Croatian coastline.

Party and Nightlife

Party and nightlife are an integral part of The Yacht Week Croatia experience. From beachside celebrations to vibrant clubs, Croatia’s party scene offers something for everyone. Here’s a glimpse into the exciting party and nightlife options you can expect during your sailing adventure:

1. Beach Parties: One of the highlights of The Yacht Week is the legendary beach parties. Imagine dancing barefoot in the sand, with the sound of waves crashing in the background and live performances by renowned DJs. These beach parties are known for their electric atmosphere, energetic crowds, and stunning locations. Enjoy the mix of music genres, from house and techno to hip-hop and pop, and dance the night away under the starry skies.

2. Rooftop Bars and Clubs: The coastal towns and cities along the Croatian coastline boast a vibrant nightlife scene. Explore the lively bars and clubs in cities like Split, Hvar, and Zadar. Dance to the beats of international and local DJs, enjoy signature cocktails, and mingle with locals and fellow sailors. Many clubs feature rooftop terraces where you can enjoy panoramic views while sipping your favorite drink.

3. Floating Festivals: Experience the thrill of unique floating festivals during The Yacht Week. These events bring together multiple yachts, creating a floating party where you can socialize, dance, and immerse yourself in the festival atmosphere. Dance to world-class DJs, enjoy light shows, and celebrate with fellow sailors on the open water.

4. Yacht Parties: Create your own party atmosphere onboard your yacht. Gather with your crew and fellow sailors, play your favorite tunes, and enjoy drinks as you cruise along the coast. It’s a unique and intimate way to celebrate with friends and experience the freedom of being on the water.

5. Full Moon Parties: If you’re lucky enough to be on The Yacht Week during a full moon, don’t miss out on the famous full moon parties. These events take place on secluded beaches and offer a magical setting under the moonlight. Enjoy bonfires, live music, and spectacular performances as you dance and celebrate late into the night.

Throughout The Yacht Week, you’ll have the opportunity to attend themed parties, dress up in eye-catching costumes, and participate in various events organized by The Yacht Week team. From white parties to neon-themed events, every night delivers a unique and unforgettable experience.

It’s important to keep in mind that while partying is a significant part of The Yacht Week Croatia, it’s essential to party responsibly and respect the environment and local communities. Adhere to guidelines set by event organizers and respect the destinations you visit by keeping noise levels in check and practicing responsible consumption of alcohol.

Whether you prefer dancing under the stars, enjoying cocktails at rooftop bars, or creating your own party ambiance onboard your yacht, The Yacht Week Croatia offers an unparalleled party and nightlife experience that you won’t soon forget.

Safety and Regulations

Ensuring the safety and adhering to regulations are paramount during The Yacht Week Croatia. Here are some important considerations to keep in mind to have a safe and enjoyable experience:

1. Skipper Guidance: Each yacht is assigned a professional skipper who is responsible for the safe operation of the vessel. Follow the skipper’s instructions regarding sailing procedures, anchorages, and safety protocols. They have the expertise and experience to navigate the waters and handle any unforeseen situations.

2. Weather Awareness: Stay informed about weather conditions throughout your journey. Be aware of any potential storms or adverse weather and take necessary precautions. Your skipper will have access to weather updates and can advise you on the best course of action to ensure your safety.

3. Safety Equipment: Ensure that the yacht is equipped with essential safety equipment, including life jackets, flares, fire extinguishers, and first aid kits. Familiarize yourself with the location and usage of safety equipment onboard. Ensure that everyone in your crew knows where the safety equipment is stored and how to use it in case of emergencies.

4. Respect Local Regulations: Familiarize yourself with the local laws and regulations of Croatia. Observe speed limits, navigation rules, and any other regulations set by local authorities. It’s important to respect the environment, marine life, and the communities you visit during your journey.

5. Mooring Etiquette: When mooring at marinas or anchorages, be considerate of other vessels. Follow proper mooring procedures and avoid blocking access or overcrowding spaces. Respect any designated areas or zones and ensure that you leave the mooring area as you found it.

6. Responsible Alcohol Consumption: While enjoying the vibrant party atmosphere during The Yacht Week, it’s important to drink responsibly. Exercise moderation and be aware of your alcohol consumption. Stay hydrated and plan ahead for safe transportation after consuming alcohol, such as arranging designated drivers or utilizing taxi services.

7. Swim Safety: Take necessary precautions when swimming or engaging in water activities. Be mindful of water depth and currents, especially in unfamiliar areas. Avoid diving into shallow water and always assess the conditions before cliff jumping or engaging in any water-based activities.

8. Emergency Contacts: Save emergency contact numbers including local authorities, Coast Guard, and medical services in your phone. Ensure that all crew members are aware of these emergency contacts and the location of onboard safety equipment.

Remember to respect the natural surroundings, wildlife, and local communities during your sailing adventure. Dispose of waste responsibly, avoid littering, and be mindful of noise levels, especially during overnight stays.

It’s important to note that safety is a shared responsibility. Communicate openly with your crew members, listen to the guidance of your skipper, and take necessary precautions to ensure that everyone onboard has a safe and enjoyable experience during The Yacht Week Croatia.

Tips and Advice

Here are some tips and advice to help you make the most of your Yacht Week Croatia experience:

1. Pack Smart: Pack light and efficiently. Include essentials like swimwear, sunscreen, towels, and comfortable clothing suitable for warm weather. Don’t forget any necessary medications, a waterproof bag for keeping belongings dry, and a power bank to keep your devices charged.

2. Stay Hydrated: The Croatian sun and activities can be exhausting. Keep yourself hydrated throughout the day, especially when exposed to the sun or engaging in water activities. Carry a reusable water bottle and refill it regularly.

3. Embrace the Experience: Let go of expectations and fully immerse yourself in the adventure. Be open to meeting new people, trying new activities, and embracing the unique atmosphere of The Yacht Week Croatia.

4. Capture Memories: Bring a waterproof camera or phone case to capture memorable moments. From picturesque sunsets to fun-filled parties, you’ll have plenty of opportunities for incredible photos and videos.

5. Respect the Environment: Keep the oceans and coastlines clean by avoiding littering and disposing of waste responsibly. Be mindful of anchorages and marine life, and avoid damaging reefs or disturbing natural habitats.

6. Plan Ahead: Familiarize yourself with the route and scheduled events. Take note of any must-visit destinations, recommended activities, and parties. Planning ahead will help you make the most of your time and ensure you don’t miss out on any highlights.

7. Be Flexible: While having a plan is essential, also be open to embracing spontaneity. Weather conditions or unforeseen circumstances may lead to changes in the itinerary. Stay flexible and adapt to the situation for a stress-free experience.

8. Stay Connected: Stay connected with your crew members and the Yacht Week community. Exchange contact information with fellow sailors to coordinate meet-ups and share experiences. Utilize social media platforms or apps recommended by The Yacht Week to stay updated on events and meet-ups.

9. Take Care of the Yacht: Treat the yacht as if it were your own. Clean up after yourself, be mindful of any potential damages, and respect the rules and regulations provided by the yacht charter company.

10. Have Fun and Make Memories: The Yacht Week Croatia is all about having fun, making memories, and forging lifelong friendships. Embrace the spirit of adventure, dance the night away, enjoy the beautiful scenery, and create memories that will last a lifetime.

Remember, The Yacht Week Croatia offers a unique and exciting experience. By following these tips and advice, you’ll be well-prepared to have an unforgettable sailing adventure along the stunning coastline of Croatia.

The Yacht Week Croatia is a transformative sailing adventure that combines breathtaking vistas, thrilling parties, and unforgettable memories. Whether you’re a seasoned sailor or a first-time adventurer, this unique experience offers something for everyone.

From the moment you step aboard your yacht, you’ll embark on a journey like no other. Sail along the stunning Croatian coastline, explore picturesque islands, and discover hidden coves with crystal-clear waters. Immerse yourself in the vibrant atmosphere of beach parties and rooftop bars, dancing under the stars and creating connections with like-minded individuals from all around the world.

The Yacht Week Croatia is not only about partying; it’s also an opportunity to appreciate the beauty of nature, embrace outdoor activities, and discover the rich history and culture of Croatia’s coastal towns. Swim in pristine waters, snorkel among marine life, and indulge in mouthwatering local cuisine.

Throughout your voyage, you’ll have the support of professional skippers who ensure your safety and smooth sailing. They’ll guide you through the Adriatic Sea and share their knowledge of the best spots to visit, local traditions, and hidden gems along the coast.

Whether you join as a group or as an individual, The Yacht Week Croatia creates a sense of community and friendship that extends beyond the week-long adventure. You’ll form lifelong bonds with your crewmates, exchanging stories, laughter, and experiences that will forever be etched in your memory.

As you bid farewell to the sun-soaked coastline and vibrant nightlife, you’ll leave with a sense of fulfillment, feeling alive with a newfound love for sailing and the beauty of Croatia. The Yacht Week Croatia is much more than a vacation; it’s an exhilarating experience that challenges you to step out of your comfort zone, open yourself up to new friendships, and create memories that will last a lifetime.

So, set sail, dance the night away, swim in turquoise waters, and fully embrace the adventure that awaits you during The Yacht Week Croatia. Get ready to make memories that will shape your story and leave you yearning to return to the enchanting Adriatic Sea.

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Kamala Harris’ campaign vetting VP candidates – but one major name not on list

V ice President Kamala Harris’ presidential campaign has asked for vetting materials from a number of potential VP picks this week — with one notable exception.

Harris has requested materials from veep candidates including Arizona Sen. Mark Kelly, North Carolina Gov. Roy Cooper, Pennsylvania Gov. Josh Shapiro, Michigan Gov. Gretchen Whitmer, Illinois Gov. JB Pritzker and Minnesota Gov. Tim Walz, according to Wall Street Journal reporter Ken Thomas.

But Kentucky Gov. Andy Beshear — who was featured on several preliminary lists of Harris’ potential running mates — told CNN’s Kaitlan Collins that he had not been asked to submit anything to the Harris camp.

Beshear said Harris personally called him just hours after President Biden announced he was stepping off the ticket — but added that he would only consider the VP job if he felt he could help the people of Kentucky in that position.

“The only reason I’d ever consider something else is if I felt that I could help my people in Kentucky more in a different role or that there was a chance to move past the partisanship, the constant fighting,” he explained.

Harris' campaign has requested vetting materials from potential VPs, including Cooper (NC), Kelly (AZ), Shapiro (PA), Whitmer (MI), Walz (MN) + Pritzker (IL), according to a person familiar. Beshear told CNN he hasn't been asked to submit info at this point.

Harris, 59, took the helm of her presidential campaign over the weekend following Biden’s bombshell announcement that he would not seek re-election in November.

An Associated Press tally this week found that the former senator was backed by at least 2,214 delegates — well over the 1,976 delegates she needs to secure the Democratic Party nomination.

“I am proud to have secured the broad support needed to become our party’s nominee, and as a daughter of California, I am proud that my home state’s delegation helped put our campaign over the top,” Harris said Monday night. 

Harris raised $81 million in campaign contributions from more than 888,000 donors in the first 24 hours after Biden endorsed her run, her campaign said.

She is still waiting for a stamp of approval from other heavyweight Dems, including Senate Majority Leader Chuck Schumer (D-NY) and House Minority Leader Hakeem Jeffries (D-NY).

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The long tale of the yacht linked to a Russian oligarch and abandoned in the Caribbean for more than 2 years finally draws to a close

An undisclosed buyer picked up the Alfa Nero for $40 million last week.

The yacht was originally seized from a Russian oligarch in 2022.

The sale ended an ownership tug-of-war, which included ex-Google CEO Eric Schmidt.

An undisclosed buyer has finally stepped up to the helm of the Alfa Nero superyacht, ending a two-year-long saga, Bloomberg reported on Tuesday.

That buyer agreed last week to pay $40 million, a huge discount to the $67.6 million that former Google CEO Eric Schmidt bid last year, a deal he eventually abandoned.

The Antigua and Barbuda government sold the superyacht, which houses an infinity pool that converts to a helipad or dancefloor.

The massively discounted price can be attributed to authorities' need "to get the boat sold," Richard Higgins, a broker who represented the buyer, told Bloomberg.

Higgins said the European buyer, whose identify was kept secret, intends to put the superyacht on the charter market.

The person "is not included in the sanctions list of any country or institution," Ronald Sanders, Antigua and Barbuda's ambassador to the US, told Bloomberg.

The 267-foot-vessel was seized by Antigua and Barbuda authorities after it was linked to Russian oligarch Andrey Guryev, who was accused by the US Treasury Department of having close ties to Russian President Vladimir Putin. Guryev is the founder of Phosagro, Europe's largest producer of phosphate fertilizers, according to the Bloomberg Billionaires Index .

The Alfa Nero was among dozens of superyachts seized following global sanctions against Putin's closest associates, which led to billions of dollars in frozen assets.

The Alfa Nero's maiden owner was Guryev, who purchased the vessel for $120 million, according to the US Treasury and the Antigua and Barbuda government . The Russian billionaire had adamantly denied ownership.

After the vessel was seized in 2022, it remained docked in Antigua's Falmouth Harbour, which cost residents of the Caribbean nation $28,000 in weekly tax dollars for maintenance, which took as many as 44 crew members . The superyacht was then valued at $81 million.

In 2023, the Antigua and Barbuda government put the Alfa Nero up for auction, citing hazards due to a lack of maintenance.Eric Schmidt initially won the bidding, for $67.6 million , but eventually backed out after Guryev's daughter claimed ownership of the superyacht.

The most recent acquisition of the Alfa Nero finally ends its ownership limbo, during which it racked up millions of dollars in port fees under the custody of the Antigua and Barbuda authorities, Darwin Telemaque, the Alfa Nero's port manager, told Bloomberg.

Last year, the Wall Street Journal reported that Antigua and Barbuda taxpayers were footing a $28,000-a-week bill to maintain the Alfa Nero, including the salary of an Italian captain and $2,000-a-day in diesel to keep its air conditioning running. That's because if the AC is turned off, it could let mold spread throughout the vessel and ruin the hardwood interior or a Joan Miró painting onboard, per the WSJ.

Read the original article on Business Insider

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Our partners

Our partners are such an important part of The Yacht Week family.

Here at The Yacht Week we believe that partnerships are key to creating unforgettable experiences. Our mission is to collaborate with brands that share our passion for adventure, connection, nature and creating lasting memories.

We’d love to partner with brands that can help us reach audiences outside of our typical customer base. We believe that collaborating with like-minded brands allows us to connect with new communities and reach audiences that we wouldn't be able to reach on our own. If you think we’d be a good match, we’d love to hear from you.

We'd love to hear how you'd like to work with us

Previous collaborations.

For 2 consecutive years we’ve proudly partnered with the world's biggest techno label Drumcode. We ventured into the unknown with Adam Beyer and his team, successfully bringing techno from underground clubs, to the seas of Croatia. This enabled both brands to tap into completely new audiences, positively altering brand reputation on both sides.

We partnered with the Swedish fashion brand for 2 consecutive years hosting a group of creators from all over Europe in Croatia and in Greece. The collaboration enabled NA-KD to shoot their summer collection in gorgeous settings in the Mediterranean, whilst both brands benefited from the exposure of the creators/influencer and owned channels.

We had GoPro out on the seas with us hosting a creator/influencer yacht as well as giving them branded exposure on our yachts and yacht flags. We created endless amounts of content together that were used on both channels during the year, as well as exposure from the influencers/creators we collaborated with.

Environment / Activism

Aegean Rebreath

Funded by local divers in Greece, this grassroots non-profit have made it their mission to clean up the sea beds of the Aegean Sea. Last year, they pulled over one tonne’s worth of marine litter off the Poros Marina alone, helping to preserve the natural habitat of marine wildlife.

Other partners we've worked with

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Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates

FILE - The Fearless Girl statues faces the New York Stock Exchange on July 2, 2024, in New York. Global stocks are mixed on Friday, July 12, 2024, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September. (AP Photo/Peter Morgan, File)

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NEW YORK (AP) — U.S. stocks rose Friday after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way.

The S&P 500 climbed 0.6% to close its fifth winning week in the last six. The Dow Jones Industrial Average rose 247 points, or 0.6%, and Nasdaq composite added 0.6%. All three indexes had been on track to set all-time highs in afternoon trading but finished shy of them.

Bank of New York Mellon climbed 5.2% for one of the market’s bigger gains after it reported better profit for the spring than analysts expected. Nvidia and other highly influential Big Tech stocks also helped lift the market after a slide the prior day, which interrupted their rocket ride higher amid a frenzy around artificial-intelligence technology.

They helped offset a drop for Wells Fargo, which sank 6% even though the San Francisco-based bank reported stronger profit than analysts expected. It said a key underlying measure of profit fell from a year ago and that its net interest income could remain in the bottom half of the range it had forecast for the full year.

In the bond market, which has been home to some of Wall Street’s strongest action this week, Treasury yields yo-yoed after the release of the latest update on inflation. It said prices rose more at the wholesale level last month than economists expected, which was a letdown after data on Thursday said inflation at the consumer level was better than expected.

But after a couple initial swings, Treasury yields calmed and remained lower than they were late Thursday.

“It’s still going to take some time before we know whether yesterday’s number or today’s was the aberration,” said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley.

Some of the acceleration in Friday’s data could be the result of higher profit margins for businesses, which can swing sharply and some analysts called irrelevant to the inflation fighters at the Federal Reserve.

Also helping to keep yields anchored was a report suggesting U.S. households aren’t as fearful about inflation staying so high in the future. Over the coming year, U.S. consumers are forecasting inflation of 2.9%, according to preliminary data from the University of Michigan.

It’s the second straight month such expectations have eased. That helps calm worries about a potential spiral where expectations for high inflation could drive U.S. consumers toward behavior that would push inflation even higher. That in turn could give the Federal Reserve more of the evidence of slowing inflation that it says it needs to begin cutting its main interest rate , which is at its highest level in more than two decades.

After climbing as high as 4.23% following the wholesale inflation report’s release, the 10-year Treasury yield settled back down to 4.18% from 4.21% late Thursday. It’s down from 4.70% in April as hopes have risen that inflation is lowing enough momentum to convince the Fed to cut short-term rates.

Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September, according to data from CME Group. Lower interest rates would release pressure that’s built up on the economy because of how expensive it’s become to borrow money to buy houses , cars, or anything on credit cards . Fed officials, though, have been saying they want to see “more good data” on inflation before making a move.

Easier interest rates would help all types of businesses, and smaller companies could see particularly big benefits because of their borrowings to grow. The smaller stocks in the Russell 2000 rose more than the S&P 500 index on Thursday, breaking a longstanding trend, and that continued on Friday.

The Russell 2000 rallied 1.1%, nearly double the S&P 500’s gain, and closed out its best week in eight months.

All told, the S&P 500 rose 30.81 points to 5,615.35. The Dow Jones Industrial Average gained 247.15 to 40,000.90, and the Nasdaq composite gained 115.04 to 18,398.45.

Of course, traders have a long history of being premature about forecasting cuts to rates. JPMorgan Chase CEO Jamie Dimon warned Friday that inflation and interest rates may stay higher than the market expects because of the U.S. government’s growing debt and other factors.

In stock markets abroad, Japan’s Nikkei 225 gave back some of its recent record-breaking run and fell 2.4%, though it’s still up more than 23% for the year so far.

Indexes were mixed across the rest of Asia and higher in much of Europe.

AP Writers Matt Ott and Zimo Zhong contributed.