Together with the Principality of Monaco, Informa said that the Monaco Yacht Show will be held September 23-26 but as a non-for-profit event, with proceeds to benefit the recovery of the yachting industry following the covid-19 pandemic.
Last week, both the Superyacht Builders Association and Large Yacht Brokers Association pulled out of the Port Hercule event, citing safety concerns and costs.
However, organizers decided to push forward.
With control measures being steadily relaxed throughout Europe and builders go back to full production, the show will serve as an “invaluable platform for designers, brokers, shipyards and other key players within the yachting industry to connect with their customers and share ideas in a safe environment,” Informa said in a statement.
Full details will be announced in the coming weeks.
Charlie McCurdy, chief executive of Informa Markets explained why they have decided to go forward with the show: “As we move to the other side of the pandemic, all parts of the industry need to work collaboratively to ensure a speedy return and recovery. We are playing our part by hosting a not-for-profit Monaco Yacht Show in 2020, providing an opportunity for the community to come together, share ideas, meet with customers and start to rebuild positive momentum.”
Informa said that they have adopted health and safety measures that set “the highest levels of hygiene and safety…providing everyone with reassurance and confidence they are participating in a safe and controlled environment.”
Organizers are working closely with the Principality of Monaco, who recognize the financial impact the pandemic has had on an industry that consider Port Hercule an important, international destination.
“It is the responsibility of the Monaco Government to do everything we can to help businesses and industries recover quickly,” said Monaco minister of finance and economy Jean Castellini. “In this spirit, we are working with Informa to finalize details of the 2020 Monaco Yacht Show, which will prioritize the health and safety of all participants, whilst providing direct support to the international yachting community, ensuring it can connect with customers and accelerate the recovery of what is an increasingly important industry for the region.”