Monaco Yacht Show (MYS) is a showcase of trends and innovations in superyachting.
Over more than 20 years, Monaco Yacht Show has established itself as the key event for superyachts. In 2021, there were one hundred yachts on display in Port Hercule, including 37 new vessels and 14 superyachts over 70 metres, valued at a total of €3.6 billion. The show reflects the boom in the superyacht market since the Covid-19 pandemic. After a significant drop in sales in early 2020, new and used yacht sales are now approaching record numbers. In 2021, 668 boats over 40 metres were delivered, and 1,024 projects are recorded as currently under construction. This represents a total length of 40km if we add the number of superyachts under construction at the start of 2022.
An opportunity for the yachting sector
“Monaco Yacht Show is a prestigious global showcase for the yachting industry,” says Raphaël Sauleau, CEO of Fraser Yachts. It’s a valuable opportunity for the sector, which accounts for more than €700 million in turnover, with 252 companies based in the Principality and 1,561 jobs on land. “Monaco has and attracts some of the richest people in the world. MYS is attended by extremely wealthy individuals, yacht owners, captains, media and many other players, which makes our presence even more important,” says Paris Baloumis, sales director of Oceanco shipyard.
Once again this year, from 28 September to 1 October, visitors to the show will be able to meet leading industry experts and carefully selected luxury manufacturers to discuss their next yacht project and explore current and future trends in yachting. Superyacht builders and designers, yacht brokers and suppliers of tenders, nautical gadgets and toys, luxury brands, cars and motorcycles, helicopters and private jets will all be present.
Millennials: aware of environmental responsibility
Monaco Yacht Show also targets Millennials, who are more epicurian and sensitive to technological innovations, new designs, leisure on board and at sea and the digitalisation of experiences. Environmental responsibility is one of the key concerns of this generation. “MYS continues to include sustainability in yachting at the core of its message, along with owner enjoyment; the two must be able to coexist in harmony,” say professionals in the sector.