Covid-19 has obviously affected the economy of every country and region in the world but those with a heavy focus on tourism like Asia appear to be.

Superyacht industry growth. The pandemic has had a profound impact on the superyacht industry. The post The growth of the superyacht industry appeared first on Premier Ship Models. Nonetheless industry leaders are confident that businesses that have reacted quickly are well-placed to benefit from an expected economic recovery in 2021 which could take global GDP growth to its highest level in a decade.

According to World Travel and Tourism Council in 2017 the international tourist and visitors spending increased by 79 from the spending of 2016. What are the key driving factors for the growth of Superyacht Market. Our latest market report.

Market reports Brokerage round-up. Key figures of the superyacht industry were in attendance and the conference highlighted the industrys strength and resilience over the last year with promising signs for future growth. At the same time there are over 200000 Ultra High Net Worth UHNW households meaning there is a large opportunity for the industry to see strong growth in the coming years if.

The superyacht industry is benefitting from the growing trends towards the water-based-sports marine tourism and leisure activities. Get up-to-speed with the luxury yacht industry with our authoritative superyacht market reports that detail brokerage sales superyachts listed for sale new yacht orders and luxury yacht deliveries. In the first of this four-part series by MaryAnne Edwards previously published by Global Marine Business Advisors MIN looks at the fundamentals underpinning this optimism.

The conference is likely to go from strength to strength as the years pass by while the superyacht market itself is predicted to grow at a compound annual growth rate of 53 percent between 2018 and 2026. According to Coherent Market Insights the global superyacht. The Global Order Book GOB BOAT Internationals annual survey of the superyacht industry has revealed that there are more superyachts measuring 100 metres or more in build than ever before and that the number of explorer yachts in build has also risen to a new high.

Such expansion is largely attributed to the popularity of explorer craft. The future is bright for the superyacht industry in the New Asia. While our industry is given to expect macro led up-trends and down-trends undulations that follow global economic health and especially sentiment amongst UHNW investors we are somewhat insulated more than other industries given the large means required to charter or to own a superyacht as most yacht owners can choose their timing to buysellcharter rather than whether they have the.