In the year of Covid-19, the 30th anniversary of the Monaco Yacht Show (MYS) this September had already been downgraded from a prestigious mega-market show to a “low-density, not-for-profit, support event in Monaco.”
Now, with much of the superyacht fleet currently located in the U.S. and Caribbean and the normal calendar of activity severely disrupted, it has been confirmed that MYS has been postponed until September 2021.
Gaëlle Tallarida, managing director of the Monaco Yacht Show, tells Forbes Monaco, “We’ve been discussing with participants for a few weeks and had received support from everyone—from exhibitors who confirmed to those who cancelled—to deliver a show in the interest of the industry.
“While we could offer a platform in the best safety conditions, the recent evolution of the Covid-19 pandemic made us decide to postpone.” Tallarida, who has been running MYS since 2010, adds that since the announcement earlier today, “We have received positive and encouraging feedback about this wise decision, and are already looking forward to 2021.”
As yacht owners, shipyards, brokers and the entire yacht industry try to navigate the disruption due to coronavirus this year, Charlie McCurdy, chief executive of event specialists Informa Markets, says, “As we move to the other side of Covid-19, we remain agile in how we are supporting our partners and customers, flexing our events calendar, adapting products and providing digital alternatives where beneficial to best meet the needs of international communities through this difficult period.”
This mean shifting focus from Monaco to the Fort Lauderdale International Boat Show, which is still slated for late October 2020 and expected to feature 900 boats, including 100 superyachts.
This is bad news for Monaco, who has seen the cancellation all major commercial events, including the Grand Prix in May, which generates 5% of the country's annual turnover.