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The Monaco Yacht Show is a wrap – and what an event it was! This year, coordinators and exhibitors went above and beyond to deliver a maelstrom of an event. 300 exhibitors and 90 yachts had originally been announced, but the final count far exceeded that with 440 stands exhibiting the latest market developments and innovations and 101 superyachts moored in the quays of Port Hercule – it is estimated that the value of the yachts on show exceeded €3.6 billion. Notably, there were 37 newly launched yachts and 14 superyachts above the 70-metre mark in the line-up.
Gaëlle Tallarida, General Director of the MYS: “We worked alongside stakeholders from across the industry in order to put on a show that meets the latter’s expectations and, more specifically, those of their clientele. The 2021 MYS appears to have benefited from the excitement spurred by this reunion, as well as from the favourable state of the market, with an increase in yacht sales over the last 18 months: clients have turned to yachting to escape the gloomy context that the pandemic has brought about and the frustration of having their freedom restricted. Therefore, 2021 has been a win-win for everyone involved in yachting. Thanks to the steering committee founded this year, we intend to pursue our collaboration in order to further improve the MYS for the 2022 edition.”
As the days went on excitement continued to simmer, and every day proved just as successful – if not more – than the one preceding it. There was also an added sense of exclusivity shrouding 2021, as travel restrictions naturally resulted in a drop in attendance. The MYS also benefited from more clear-cut themed exhibition areas, as well as an invite only opening day which bolstered networking opportunities for industry experts.
According to the show’s yacht builders and brokers, visiting schedules were jam-packed from the start to the finish of the show. What’s more is that there were many serious clients climbing onboard to experience the yachts on offer. The current uptick in sales certainly reflects this, and builders remain confident that the new MYS format adds great value to the industry.
Theo Hooning, Secretary General of SYBAss, confirms this: “The 2021 edition of the Monaco Yacht Show was the first opportunity to see the results of a change in approach to the show, by placing the focus firmly on the customers of the industry rather than the business activities within it. The result was a more relaxed atmosphere, and with no overcrowding of the quays the experience for those customers was much more in line with the superyacht experience itself. It is important that we capitalise on this opportunity and continue on our chosen path, improving where necessary. In this way, the Monaco Yacht Show will maintain its important and high-profile role both by showcasing the unique products shaped by the industry and also by promoting the superyacht lifestyle”.
Alongside the usual trappings of the MYS, like the Monaco Yacht Summit, were a whole collection of new additions. Among these was the Yacht Design & Innovation Hub, which was hosted by SuperYacht Times, and offered visitors cutting-edge insights into construction and future designs, thanks to lectures by designers Espen Øino, Luiz De Basto Designs, Sam Sorgiovanni, Sinot Yacht Architecture and Design and Winch Design. The space also acted as a great place to meet the experts and spark interesting discussions with those at the forefront of the industry.
Nestled in with the motor yachts were 12 large sailing yachts. Fitting considering sail boats only represent 15 percent of the world’s yachting fleet. Much as the rest of the show, the sailing area showcased a range of innovations and state-of-the-art gear which bolsters sustainability without compromising on comfort and class.
The success of the show in the face of these ongoing global circumstances is testament to how much of a powerhouse the MYS is for promoting and marketing yachting activities.