Monaco strengthens Asia-Pacific marine links

Two new partnerships have recently been agreed which strengthen the leisure marine sector links between Monaco and the Asia-Pacific region.

The Cluster Yachting Monaco, a specialist group of yacht-related businesses operating in the principality, has signed new partnerships with the Tahiti Tourism Board and the Asia Pacific Superyacht Association (APSA).

The objective is to ensure a greater visibility and exchange of event participations in Asia Pacific and Monaco. Both APSA and the Cluster Yachting Monaco have memberships of more than 60 members covering all aspects of the leisure marine industry throughout the countries they represent.

Links between Asia Pacific and the small state of Monaco have steadily increased over recent years with special China and Asian events in Monaco and Monaco promotions in cities such as Shanghai. In recent years there has been a Monaco stand at events such as the Singapore Yacht Show, with participation from a number of Cluster Yachting Monaco members.

The yachting sector is Monaco’s fourth largest business activity, accounting for about 5% of the principality’s GDP and some 1,500 jobs. The last published survey of annual revenues from the Monaco yachting sector highlighted that they had reached some €750m.