Industry Overview - Sanya has become a popular destination for yacht tourism, with a significant increase in yacht outings during the May Day holiday, recording 4,464 yacht departures, a year-on-year increase of 13.1% [3] - The total number of registered yachts in Sanya surpassed 1,000 in 2022, and is projected to reach 1,400 by 2024, with approximately 127,900 yacht outings and over 900,000 tourists expected that year [3] Yacht Industry Development - Sanya is actively constructing a comprehensive yacht industry chain, integrating yacht tourism with other sectors such as exhibitions and cultural creativity, aiming to establish itself as the "Asia-Pacific Yacht Capital" [5] - The city has become a key entry point for international yacht brands into the Chinese market, hosting a dedicated yacht exhibition area at the China International Consumer Products Expo, attracting over 20 countries and regions [5] Market Trends - There is a growing trend among buyers towards younger demographics, with companies like Sanya Hongzhou Kana Yacht Service focusing on brands such as Beneteau and Lagoon [5] - The yacht maintenance and repair market is also expanding, with Sanya's facilities capable of servicing around 10 yachts simultaneously, and over 500 yachts requiring maintenance annually [8] Policy Impact - The establishment of the Hainan Free Trade Port allows imported yachts in Sanya to benefit from zero tariffs and facilitates international talent exchange in the yacht industry [6] - Sanya has achieved several "firsts" in the yacht industry, including the first trial of night yacht rentals and the registration of the first yacht under a combination of favorable import policies [8]