Each year, the Yacht Club de Monaco brings together key players from the international yachting industry for the La Belle Classe Superyachts Business Symposium. Organized as a dinner debate as part of the “Monaco, Capital of Advanced Yachting” initiative, this exclusive event examines the major challenges facing the industry.
For its 17th edition, discussions focused on “The Impact of Geopolitical and Economic Tensions on the Yachting Industry“, highlighting the challenges and opportunities in a rapidly evolving market. With market volatility, disruptions to shipping lanes and changing buying patterns, speakers offered insights into the obstacles and new prospects shaping the industry. “Faced with geopolitical uncertainties, international yachting must not only adapt but also anticipate. The role of the Y.C.M. is to support this change by promoting innovative and responsible yachting,” said Bernard d’Alessandri, Secretary General of the Yacht Club de Monaco.
Business aviation, like yachting, is having to adapt to geopolitical uncertainties. Olivier Zuber, Bombardier’ sales director for Western Europe, highlighted the impact of these tensions on the private jet sector: “The imposition of a 25% tax on aircraft imported into the United States is a major challenge. This measure could influence purchasing decisions and forces us to explore different adaptation strategies… In response to global tensions, customers are looking for innovative solutions, whether in terms of comfort, safety or flight autonomy. We must constantly adapt our offerings to meet these new demands”.
“Despite geopolitical tensions and the restructuring of global supply chains, the wealth of billionaires has doubled over the past decade to around $14 trillion, while the number of billionaires has risen from 1,757 to 2,682,” said Ernesto De Marzio, Managing Director – Head of Front at UBS Monaco.
