In a joint statement issued in Singapore yesterday by Andy Treadwell, CEO of Verventia Pte Ltd, owner of the Singapore and Thailand Yacht Shows, and Gael and Olivier Burlot, owners of Asia Rendezvous Pte Ltd, organisers of the Phuket, Penang and Singapore Rendezvous events, have agreed to collaborate by jointly producing only one show in Thailand and one in Singapore – the destination hub and the business hub respectively for the yachting industry in South East Asia.
The two companies announced in their statement that: “The move was precipitated by a request earlier in the year from the Tourism Authority of Thailand (TAT) to gather the industry together in one major event in Thailand so as to demonstrate united support for the government’s yacht tourism initiative. In essence, after a three-year campaign spearheaded by the Thailand Yacht Show, the Thai government has agreed to change some of the prohibitive yachting regulations and allow foreign yachts to charter in Thai waters – effectively opening up the ASEAN cruising grounds to superyachts from overseas for the first time. This initiative is now in its final stages, with the Thai Marine Business Association (TMBA) working with the Ministries of Finance and Transport to work out a business model for collecting VAT on charter income, rather than on the value of the yacht itself.”
According to the partners the yachting industry has: “Been vocal for years that there should only be one boat show in each strategic location and has requested just such a 'get together'. The two show organisers acknowledge that they have different, yet complementary, strengths and skill sets that combined will create bigger and better single events in each country. Similarly, with their joined-up resources and budgets, they will be able to activate an aggressive and far-reaching promotional plan that should draw many more potential buyers and charterers into the market.”
The new Phuket event will be a straight joint venture between the two existing businesses, called the 'Thailand Yacht Show & Rendezvous', and there will be an additional jointly-owned event alongside the current Singapore Yacht Show which will be called the 'Singapore Yacht Show Rendezvous'.
Andy Treadwell explained: “It’s a classic example of the whole being greater than the sum of its parts, from every point of view. The TAT, our partners and main sponsor of the Thailand Yacht Show, asked us to try to get everyone working together instead of competing and dividing the industry. The major industry players asked us to do exactly the same thing. Gael and Olivier have a great work ethic, an excellent region-wide digital and print media platform, and a direct line to the luxury lifestyle industries – which is a good complement to any kind of yacht show.”
Gael Burlot added: “We feel it’s a good time and a good place to get everyone working together – the luxury industries are coming out of a challenging period, and things are looking better and better, while the yachting industry should now be in a position to dramatically expand in the Asia-Pacific region. All our efforts over the last 15 years to promote the industry and educate a growing audience of prospects in Asia are paying off; so is the hard work Andy and his team have been doing with the regional governments to open up Asia to yacht tourism - an initiative we want to support and fully be part of. Exciting times ahead!”
The industry in the region seems generally happy about the new co-operation and Thibaut de Montvalon speaking to IBI current Korea International Boat Show said: “The merger between the two show organisers is very welcome, it’s a great deal for the industry and one we have been hoping for over several years. The markets are developing and everyone should be working together for the joint interests of the industry, a strong display at one show in Thailand and one in Singapore makes much more sense for the industry and the clients as they know that there is one place to come where they can see everything. It’s showing that the industry is working together for the overhaul benefit of the industry.”
The Thailand Yacht Show & Rendezvous will take place from January 4-7, 2019, with the venue to be confirmed shortly in conjunction with the consensus of industry opinion. The Singapore Yacht Show Rendezvous will replace the current Luxury Pavilion at SYS 2019, which will run from April 11-14, 2019.