Yatching-Related News - Global

Waterproof SUV Doubles as Boat

"The vehicle's Yachting Mode seals the doors, switches the A/C to recirculation, and opens the sunroof, allowing it to float on water. The SUV's four wheels remain operable and can propel the car at a speed of up to 1.8 mph. "

Four Seasons Yachts Redefines Luxury at Sea

The first Four Seasons Yacht will create exceptional experiences through best-in-class design, distribution, and deployment with inaugural voyages exploring the yachting playgrounds of the Caribbean and Mediterranean

MONACO, Sept. 26, 2023 /CNW/ -- Four Seasons, together with luxury yachting company Marc-Henry Cruise Holdings Ltd. and venerated Italian shipbuilder Fincantieri, continues to build momentum towards the inaugural journey of Four Seasons Yachts. The venture brings together an unparalleled group of partners: Nadim Ashi and Philip Levine, entrepreneurs and bold visionaries of this distinctive yacht experience, paired with Four Seasons luxury hospitality leadership.

Luxury Yachting Trends in Asia

"Nestled within Asia Pacific’s expansive 135,000-kilometre coastline, this region has all the makings of a maritime paradise. The flourishing post-Covid tourism industry, drawing travelers to its pristine islands, is setting the stage for a yacht renaissance."

Eric Noyel, Managing Director of Fraser Asia, saw this trend reflected in sales. In his interview with SuperYatch Times, he opened up about the growth he had witnessed in emergent Southeast Asian markets. “Hong Kong has been crazy for the last two years. 500 new boats arrived – mostly Italian and American – and were sold in the city. There have been record sales across the board for yacht brokers in Hong Kong. I’d say that we’ve had the equivalent of 20 years’ worth of sales in the last two years,” he said.

Across the peninsula, India showed signs of becoming the world’s third-largest economy by 2027, surpassing Japan and Germany, reported Morgan Stanley. The rise in wealth has been synchronous with the rise in disposable incomes — consequently resulting in the growth of the luxury yacht market. “My millennial client percentage has increased substantially this year and I would say about 33 to 35 percent of my clients are millennials,” says Deodhar, who personally completed a total of 56 charters in 2022, with superyachts up to 325 feet in length.