The Spanish Yacht Market Recovers, Urgently Needs Chinese Marine Engines
Refer to the report on December 23. According to a recent report on the Spanish newspaper Nacional website, this year’s yacht season is longer than in previous years and has achieved great success. Since March, the rental rate of luxury yachts has reached 100%, which not only exceeds the figure in 2020 (which is predictable considering the impact of the epidemic), but even exceeds the figure before 2019.
Auriol Mas, director of business development for Spanish yacht company Motyvel, said that the lifting of prevention and control restrictions also increased the number of tourists in August this year. "This is closely related to time, but this year we have seen that, for example, in Ibiza, Spain, clubs and dance halls reopened in October. The arrival of a new wave of tourists has allowed us to have rental income in the past few months. We see The boom in summer can be extended beyond August and cover September and October because the weather is still good, especially in the Balearic Islands in Spain." He said.
Since 1984, the Motyvel Group has become the benchmark for luxury yacht sales in Barcelona and the Balearic Islands. Maas said that sales doubled in 2021, and the prospects for 2022 are also very impressive. He believes that this kind of prosperity is caused by psychological factors: "People have been trapped at home for a long time, and their desire for leisure activities has become stronger and stronger. Going to sea is a good choice. Another important factor is economic issues. We rent out It is a high-end yacht. During this epidemic, many people barely spend money and can continue to make money, which gives them greater savings capacity. Now they want to enjoy the present because they don’t know what will happen tomorrow. If they have money, they will decide to spend money on things that were previously suspected to be a whim."
The report also said that the luxury segment market has also seen substantial growth. Edward Golioux, CEO of the yacht charter platform Click&Boat, said that compared with 2019, the number of global luxury yacht bookings in 2021 has increased by 87%. "Due to the impact of the epidemic, many travelers have begun to view sailing as a safe and attractive vacation option. In addition, without previous experience, people can rent yachts with captains and have a large fleet that can adapt to different needs. This makes chartering a yacht a flexible and customizable option," said Golioux.
The report believes that when travel has become possible again, at least the current problem is the mismatch between high demand and low supply. For Mas, it's just a matter of time. He predicts, “In one year or a year and a half, shipyards will once again have parts from China, and they will be able to resume engine production. No one expected such a violent peak in demand, but there will be some in the next few years. Adjustments.” Until then, the main alternative is still second-hand ships. This is an option and more sustainable.