The majority of global wealth is centred in the United States and when UHNW Americans spend, the rest of the world feels it. This is particularly true now, as the dollar is strong and the general mood seems positive. Is it the Trump Effect or something more meaningful?
Consider the euro-based yacht charter market. Since the 2008 slow down, clients have been waiting for last minute deals; but with the euro so weak that’s no longer the case. Most of our current charter enquiries are coming from the US and they are booking well in advance.
One of the newest yachts to be offered for charter is the 70m JOY, a wonderfully original design from Bannenberg and Rowell, built in 2016. Its American owner is the youngest person ever to own a Feadship and is completely new to the industry. As in politics, there are new players in yachting – many with radical perspectives.
I do hope you enjoy this issue,
