VIDEO: 115 superyachts on display at Monaco Yacht Show - Trade Only Today

VIDEO: 115 superyachts on display at Monaco Yacht Show

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The 24th edition of the Monaco Yacht Show kicked off Wednesday, bringing together buyers, owners and tourists in historic Port Hercules.

The 2014 edition is the largest in the event’s history, with more yachts than ever before and more than 500 exhibitors, organizers said.

About 115 superyachts are on display and more than 33,000 people are expected to attend the four-day event, which concludes Saturday.

Last year’s show appeared to signal the beginnings of a recovery in the yachting market and it now appears that orders are on the rise, show officials told Britain’s Daily Mail, which published a photo-heavy report on the show opening.

The traditional recreational boating market is continuing to work its way through a challenging economy, but the superyacht sector has fared better.

Russian billionaires and investors are usually active at the Monaco show, but a Bloomberg report notes concern that the conflict in Ukraine and Western sanctions against Russia could affect Russian yacht purchases.

In nearby Antibes, France, the Interior Training Academy trains and develops new and existing superyacht interior crewmembers. Crews learn the skills and traits required to succeed.

The academy recently posted a short video that explains what it’s like to work in the superyacht industry.


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