, 2022-06-24 10:48:02,
The European Committee for Professional Yachting has published a report revealing trends, impacts, and individual country analysis…
The Mediterranean – the superyacht industry’s biggest cruising ground – has been placed under the microscope by the European Committee for Professional yachting to better understand the latest yacht navigation data for the period between 2015-2021. In this study, the organisation analysed every major yachting country in the Med, taking stock of the trends in attendance, objective attractiveness and general popularity of the various superyacht hubs in the region.
There were over 65 million yacht positions to take into account – all for yachts over 24 metres equipped with AIS. The criteria for a data point was that the time spent in one position has to be for more than one hour, this of course can create a bias as some yachts tend to turn off their AIS during a long stay. These graphs also don’t distinguish between the growth of the market itself and the growth in the use of AIS equipment on board, however, the ECPY say that they do correct for this bias.
To offer a very basic conclusion to the study, it’s safe to say that the Med is doing very well, despite the COVID-19 regulations the Med Yachting indicator is growing at 13.5 per cent every year. It appears the Eastern Med is doing extremely well, specifically in countries such as Turkey, Greece, and Croatia, however, it’s suggested that France and Monaco will need to summon up some resilience to counter the increasing social, fiscal and environmental regulations. But at the crux of this analysis, beneath all of the complicated graphs and fancy terminology, lies one important question – Is yachting heading east?
The most intriguing years in this…
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