The 27th edition of the Monaco Yacht Show (MYS), which closed on Saturday, ended on a positive note with the general consensus that the market is on an upward path.
Almost all of the exhibitors spoken to by IBI said it had been a good show with a number suggesting that it was the best show for some years. The organisers were anticipating around 35,000 visitors during the four-day event, which had good weather throughout. The event saw a number of builders announcing new projects and the Dutch builder, Royal Huisman, signed a contract for a new-build at MYS.
MYS 2017, like the past few years, grew in size somewhat. For the 27th edition there were around 600 exhibitors from 38 countries of which 87% were repeat exhibitors. In terms of yachts there were 125, including the 110m (361ft) Jubilee completed by Oceanco earlier this year and now up for sale through Burgess Yachts.
MYS 2017 included the return of the Darse Sud exhibitor tent, which had been absent for the past few years due to construction of an underground car park. This allowed the exhibiton area of the Quai Antoine 1er to be used for a new car deck feature and a number of other luxury exhibits.
While MYS grows each year, its duration of four days remains the same. In recent years, the day prior to the show has included a series of conference such as the MYS Summit and the Marine Money Superyacht Finance seminar. IBI was a media partner for the latter event.
However, for the first time this year, there were also a number of press conferences held for key players such as Benetti and Perini Navi. This means the day prior to the show is increasingly an integral part of MYS and perhaps it is time for the organisers to give consideration to adding an extra day.