More IBI Market News – Page 17
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NewsDomestic tourism could supercharge Russian leisure boating
Investment in infrastructure as Russian holidaymakers take to domestic waters this summer
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NewsScandinavia sees uptick in buyer interest
Reports of strong buyer interest at dealerships in America are being echoed in Scandinavia where the summer season is approaching and buyers are looking for alternative holiday options
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NewsEU headed for ‘deep, uneven recession of historic proportions’
The EU head office says the coronavirus pandemic is savaging the European Union economy this year, creating a “recession of historic proportions”. It adds Western Europe will not fully recover until at least the end of 2021. In its spring economic forecasts, the European Commission says the economies of the ...
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NewsYacht transport continues despite uncertainty over Med season outlook
While the future of the Mediterranean season for yacht and superyacht cruising and charter is unknown at this point in time, arrangements to transport yachts into key Med locations continues apace. Taking the yachting centre of Palma in Mallorca as an example, a number of yacht transport ships have been ...
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NewsNetherlands: longer lockdown puts 20,000 sector jobs at risk
The Netherlands has extended its coronavirus lockdown through May 20, piling on the economic pain for the boating and leisure sectors that expect damage to total €1bn. The HISWA-RECRON lobby also says close to 20,000 jobs are at risk. It has expressed dismay that the government has not yet accepted ...
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NewsRussia’s message urging boat owners to keep yachts closer to home falling on deaf ears
The number of yachts registered within the Russian jurisdiction continues to be low, despite attempts by the Russian state to convince domestic owners to keep their boats within Russian waters, according to representatives of the Russian Ministry of Sport and Tourism. In recent years, the Russian government has provided a ...
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NewsRV analyst sees no economic improvement before 2021
The recreational vehicle (RV) market in the US should bottom out during the current second quarter, but the industry faces a “long and bumpy road” to an economic recovery that won’t be seen before 2021 at the soonest, according to the industry’s leading analyst. The RV and recreational boating industry ...
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NewsMediterranean new-build yacht and refit yards start to reopen
With the lockdowns due to the COVID-19 pandemic being eased in countries such as Spain and parts of Italy, a number of yacht and superyacht new-build and refit facilities have started to reopen this week. France will stay in lockdown until at least May 11 and Monaco is set to ...
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NewsUS powerboat registrations up through January
Sales of new powerboats were up 5% on a rolling three-month YOY basis
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NewsCoronavirus in Poland’s boating industry
Most Polish boatbuilders continue to operate under increasingly stiff restrictions, reports POLBOAT President Sebastian Nietupski on behalf of the country’s boating industry
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NewsLatest on Italy’s boating industry
Only marine repair companies in the marine sector and certain suppliers will remain open past today, reports Andrea Razeto of Italy’s marine industry association - Confindustria Nautica
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NewsCoronavirus leads to ailing global economy
If the coronavirus doesn’t make you physically ill, it could be affecting your financial health as more reports begin to surface on the economic impact of the outbreak. The Wall Street Journal reports on the array of companies outside of China that are having to slow production or rapidly seek ...
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NewsSentiment improves among US marine CEOs
America’s National Marine Manufacturers Association announced an increase in Q4 sentiment among marine manufacturer CEOs
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NewsMarinas and yachting contribute 1.41% to Greek GDP
Further marina privatisations anticipated to add another 1%
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NewsHigher horsepower drives outboard engine sales to 13-year high
US consumer demand for newer, technologically advanced, higher horsepower engines has driven US outboard sales to a 13-year high, nearly reaching pre-recession sales levels, according to the National Marine Manufacturers Association (NMMA).
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NewsEarly estimates show 2019 growth in Italy
Preliminary estimates from members of the Italian boating industry point to continued growth in 2019, approaching 10%
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NewsDespite strong 2020 outlook for boat sales, economists less bullish about general US economy
Boat industry proving resilient in face of economic headwinds
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NewsSpain sees increase in boat registrations in 2019
Small and medium-sized power sector remains engine room for growth, while charter sector sees rebound too
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NewsPolish boatbuilder expands sales, plans to double revenues in 2020
Polish boatbuilder eyes record revenues this year
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