Hopefully by the time you read this editorial, we shall be free of the sweltering heat and humidity which seems to have lasted for ever!
This month sees the start of the autumn round of European Boat Shows, with Cannes kicking the season off in style 12th – 16th September. We are very proud to have been asked to be the official media partner to the Cannes Yachting Festival, and so this year we will have our magazines available to pick up during the show.
Monaco Yacht Show follows on from 27th to 30th September, where the great and good of the luxury end of our Industry will be plying their trade whilst drinking copious amounts of Champagne no doubt! Mallorca, as always will be well represented at both shows, with Cannes seemingly taking a more prevalent role each year, with larger boats being attracted to its more laid back atmosphere compared to the intensity of Monaco. We shall have our team in attendance at both shows, so please don’t be shy in stopping us in our tracks and offering a nice glass of cool Rosé, it will be well received!
The Balearics will be well represented at Monaco by both brokers and service providers, including the likes of STP, Astilleros de Mallorca, Port Adriano, Pinmar/ GYG plus, e3 Systems plus many more.
August saw the largest ever Copa del Rey regatta, with 138 yachts racing over the 6 days, in largely light winds. King Felipe was racing on Aifos during the event, and also presented the prizes on the final evening to the winning crews. We have a full report on the regatta in this issue.
Sadly in Palma we have recently experienced some local opposition to the increase in tourist numbers visiting the island . Whilst there needs to be a balance between the much needed tourist euro and the pressure the increase in numbers places on the infrastructure of the island, I just saw today a study on the contribution that our Superyacht industry makes to the local economy.
The example used was a 55 mtr yacht, which was shown on average to put almost £5m euro into the local coffers annually. A tad more than an all-inclusive hotel I suspect ! As long as the industry continues to encourage locals to be involved in the industry and provides training, I reckon we can make a good case for the continued encouragement of our sector.