An insider look on the latest Monaco Yacht Show 2018.
Gathering over 30,000 people at the Port Hercules in Monaco, the Monaco Yacht Show of this year launched in 26 September up to 29 September in an affluent display of wealth. Over 120 luxurious yachts are part of the show, totaling in a value of over $3.5 billion. The Monaco Yacht Show gathered over 580 brokerages, 120 vessels and has grown from its debut in 1991 to become one, if not the most important yacht exhibition in the world.
Created by French entrepreneur Maurice Cohen in 1991, the show gathered attention from companies all around the world.
It was eventually sold to IIR in 1994 and was turned into a superyacht focused event with vessels from 20 to 90 meters long. 2002 marked a steady increase in volume, harboring 65 yachts and nearly 15,000 visitors.
Informa purchased IIR in 2005 and by 2016, the show had more than double of the 2002 visitors and the number of yachts increased to 125.
We're seeing some impressive names, figures and digits in this year's edition. The average yacht length for the 2018 edition is around 50m in size and their age averages at less than two years old. Oceanco is displaying its largest offering, the Dar; for potential clients who might be interested in purchasing the megayacht model. A new exhibition area created just last year is taking more space this year, the Tenders & Toys zone displays a variety of products that go well with yachting. Also, we see the return of the Monte Carlo Gala in its second rendition after a successful launch last year.
The 2018 edition of the Monaco Yacht Show is bigger and better; featuring huge vessels, incredible toys, hundreds of exhibitions and over 30,000 visitors in the Monegasque country. As usual, it takes a huge amount of space measuring at 9,000 square meters.