Once again, the Monaco Yacht Show served up the perfect recipe for a successful superyacht business, spread over four days basking in the Mediterranean's September sunshine. This year's show was buzzing with wealth and business excitement. More than 100 superyachts, with over 40 making their worldwide debut, lined the docks inside Port Hercules. They set the tone for what was perhaps the most successful show in the events 21 year history.
28,200 visitors, slightly up on last year’s attendance, came to view superyachts from 25 to 86 metres. This year’s yacht line up included the 86 metre Seven Seas and the 85 metre Cakewalk, the two largest yachts at the show.
Confidence was high that the superyacht industry was sailing forward towards a bright horizon despite the gloomy world economy. The real benefits the Monaco Show will bring to exhibitors that attended are only determined over the weeks that follow the event, but many left the show on a high, enthused by the quality and quantity of enquiries.
Miriam Cain, Communications Manager at Camper & Nicholsons said, “At this year’s Monaco Yacht Show we welcomed a large number of existing and new clients. All our yachts on display received good interest, and the feeling is that the market overall continues, albeit slowly, to improve.”
Billy Smith, Vice President at Trinity Yachts knows that the Monaco Yacht Show always brings solid inquiries. He said, “Interest level seemed to be up from last year. Of course, while we are at the show expressly to showcase our custom superyachts, we appreciate the opportunity to network at the many fine events which run concurrently throughout the show.”
Hein Velema CEO Fraser Yachts in Monaco was equally enthusiastic saying, “2011 at Monaco has seen a positive Show with plenty of qualified buyers, serious discussions, realistic prices and positive negotiations. Success at boat shows is never immediate and we have to study the reports of our brokers, but they were all kept extremely busy with qualified client viewings and consultations throughout the four days.”
Alev Karagulle Director of Marketing and Communications at Burgess said, “We have every reason to believe that Monaco Yacht Show 2011 was a continued improvement to recent past years and will prove to be a key event in supporting our successful performance in this challenging market environment.”
In association with Monaco Yacht Show, the RINA classification society presented the Green Plus Yacht certificates 2011 to Prima (2011/53.90m/Palumbo shipyard) and Numptia (2011/70m/Rossi Navi shipyard), two yachts whose construction meets with compliance of the strictest environmental regulations. His Serene Highness Prince Albert II made the award to the yachts builders in the company of his guest; His Royal Highness King Juan Carlos of Spain who joined him on his tour of the show.
SuperYacht Times - The State of Yachting 2020
Being the intelligence partner for the top shipyards and yacht brokers in the world, we have learned to analyse and track the market in great detail. Each year our leading market report is used by investors, CEOs, owners and other key decision makers to inform themselves on the state of the market and future developments. Find all the information you need on the market, fleet, construction book, ownership nationalities and much more in our report.
#weknow - do you want to know? Buy the report now for only €299!