Inside the Yachting Industry

Some key findings from Camper & Nicholsons (Super) Yachting Index, 2008:

• Orders for superyachts - defined here as yachts over 24m - grew 18% from 2007 to 2008
• 60% of all yacht charters come from American and British consumers
• 56% of all yacht charters are bound for the Western Mediterranean, 15% to the Caribbean and 14% to Florida

Demand for Yachts Among the Wealthy Increases

• The demand for yachts in 2008 increased 18% over the demand in 2007.
  
• From 1997 - 2007, the demand for yachts increased 380%.
  

This reinforces the fact that the super wealthy are not nearly as affected by the economic downturn as those less wealthy.

Source: Showboats International Global Order Book 2008; taken from Camper & Nicholsons' "The (Super) Yachting Index" presentation