This year the world’s largest showcase for Super and Megayachts afloat will be the biggest ever, with an expanded exhibition area and berthing for around 110 superyachts in the Port Hercules of Monaco.
'The demand for space at MYS has been a challenge to us for more than ten years,' said Gaëlle Tallarida, Managing Director of the Monaco Yacht Show.
'The improving global economy and expanding demand in developing economies for exclusive products and services, including Superyachts, was full of meaning for us and for Monaco also. Jointly with the Monaco Government, the MYS has been able to extend its show footprint for 2014 enabling us to again welcome the elite of the international Superyacht community not only to an expanded MYS but Monaco itself, the world capital of yachting.'
The new extension perfectly matches the increasing demand for exhibiting bigger yachts in the Port. Last year’s event appeared to herald the beginnings of a recovery in the yachting market and it seems today that some yachting statistics are close to pre-crisis figures, in terms of volume, with order books and the demand for finance on the increase. During the last two to three years it has also been noticeable that there has been an increasing demand for vessels over 100m, the Monaco Yacht Show will now be able to berth these giants for all to see.
The MYS floating area has been extended to the port entrance in front of the new Monaco Yacht Club and Quai Rainier, 1er Grand Amiral de France, opening up space for around 110 super & megayachts over 100 metres.
The exhibition area is also wider, with around 400 additional square metres available for stands. These figures are clearly impressive, enhancing the reputation of the MYS in every respect and further stretching its competitive advantage on the worldwide stage.
'The Informa Group and the MYS have been in discussions with the Monaco Harbors Management Company (S.E.P.M.) and the Monaco Yacht Club for many years about how we can develop yachting in Monaco further, and it became a natural and obvious step for the three of us to formally join forces to pursue the same goal.
'This is significant in highlighting the great importance of Monaco for yachting, as well as that of yachting for Monaco. The high concentration of industry professionals and clients here underlines the potential for the industry to continue to grow in the future and remain a long-term source of prestige for Monaco.'
This annual, one-of-a-kind event attracts industry leaders and billionaires from around the world. Recent figures stress that there are now more ultra-rich people with a strong propensity to buy, and with a certain interest in yachting, especially within the USA and Eastern Europe, which remain historic markets for yachting.
The MYS will welcome among others, new wealth, notably from emerging markets like Turkey, China or South Asia and these visitors will be walking the docks to catch up on the latest Superyacht trends and maybe be tempted to acquire these Jewels of the Seas whilst in the glamorous setting of Monaco.
What makes Monaco so special during the MYS are the events held every day. Over 100 events are organised on board the yachts, at the stands, or in the Principality's top hotels. Awards, business lunches, gala dinners and cocktail parties are some of the many highlights that enable formal and informal networking and often attract those that can afford and do buy Superyachts.
More at www.monacoyachtshow.com