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Billionaires boost the superyacht market

Billionaires boost the superyacht market

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As the number of billionaires rises and Covid-19 continues to rage, the superyacht industry continues to grow, benefiting from the desire of the ultra-rich to take to the sea.

 

While the market came to a virtual standstill at the start of the pandemic, those difficult days now appear to be over. Sales of luxury ships over thirty metres have increased by more than 8% in the first nine months of 2021 compared to the same period in 2019 before the pandemic. “2021 significantly outperforms all of the last twelve years,” said brokers Fraser Yachts.

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