MONACO, Nov. 21, 2025 (GLOBE NEWSWIRE) -- A new and significant achievement for the Yacht Club de Monaco. The Yachting Masterclass course at YCM's La Belle Classe Academy has been officially accredited by the International Association of Maritime Institutions (IAMI), the global authority which sets and guarantees professional maritime and yachting training standards. The announcement was made by YCM General Secretary Bernard d’Alessandri at the diploma awards ceremony for the Yachting Masterclass’s fifth ye ...

Core Insights - The global yacht market was valued at $11.6 billion in 2024 and is projected to reach $17.06 billion by 2030, growing at a CAGR of 6.65% driven by luxury tourism demand and interest in water sports [1][19]. Market Overview - The yacht market features a competitive and fragmented landscape with 45 vendors, including small, niche, and established players. Larger companies are investing in new product development to attract consumers [2]. - Mergers and acquisitions are reshaping the competitive landscape, while companies focus on building greener and more efficient yachts, investing in alternative fuels and sustainable materials [3]. Geographical Analysis - Europe dominates the yacht market with a 44% share, with Germany, the UK, France, Italy, and Spain as key contributors. The region is seeing significant adoption of smart technology and AI-driven yacht connectivity [4][5]. - The APAC yacht market is rapidly expanding, driven by a growing population of high-net-worth individuals (HNWIs) and increasing yacht ownership, with Japan and Australia as notable players [6][8]. Market Trends - Integration of smart technology and connectivity is a significant trend, enhancing navigation, operations, and entertainment on yachts [9][10]. - The Made-to-Measure trend is prominent, focusing on customization in design and features to meet individual preferences [11]. Market Drivers - Growing demand for luxury tourism is a key driver, with affluent tourists seeking exclusive travel experiences and yacht charters in popular destinations [12][13]. - Rising interest in water sports and leisure activities is also driving market growth, with increased demand for adventure yachts and related activities [14][16]. Industry Restraints - High purchasing costs present a challenge, with economic sensitivity and ongoing ownership expenses impacting market growth [17]. Key Questions Addressed - The motorized yacht segment holds the largest market share, with super yachts leading in dominance. The commercial segment shows the highest growth rate of 6.74% during the forecast period [23].

[Music] How many times you were asked the fateful question as a child, what do you want to be when you grow up? Once my little cousin replied, a taxi. But she didn't mean a taxi driver, but an actual taxi. Because when we were kids, our imagination has no limits. And do you remember where you wanted to be when you grow up? Personally, I had no idea. And my mom who used to be a teacher for 40 years always told me and you have to become a teacher. Impossible. No way. And after more than 20 years of different ...

Group 1: Acquisition of TikTok US Operations - The ultra-wealthy royal family of Abu Dhabi is set to acquire a 15% stake in TikTok's US operations through a deal facilitated by President Donald Trump, which includes a board seat [1] - Trump signed an executive order approving the deal, ensuring that TikTok will be majority-owned and controlled by US persons, with a 120-day period to finalize the terms [2] - The joint ownership structure will see Oracle, Silver Lake, and Abu Dhabi's MGX collectively owning around 45% of TikTok US, while ByteDance retains a 19.9% stake [3] Group 2: Background and Context - The TikTok agreement follows a year after the US Congress voted to ban the app unless sold, citing privacy and national security concerns [4] - The investment from the UAE's royal family could raise controversy, especially given the fund's ties to Sheikh Tahnoon, the UAE's national security adviser [4] Group 3: Wealth of Abu Dhabi's Royal Family - The royal family of Abu Dhabi has an estimated net worth of $323.9 billion and controls about 6% of the world's oil reserves [5] - Their investments include ownership of Manchester City and stakes in global enterprises like Rihanna's Savage X Fenty and Elon Musk's SpaceX [5] Group 4: Luxury Assets and Cultural Influence - The family's opulence is reflected in their real estate holdings, including the presidential residence worth around $475 million [6] - They own extensive properties in London and internationally, with the late Sheikh Khalifa being known as the "landlord of London" [7] - The family possesses a world-famous car collection and a fleet of luxurious aircraft, including a $478 million Boeing 747 [8][9] - Their ownership of Azzam, the world's largest superyacht, and other megayachts highlights their luxury lifestyle [10][11] - Their commitment to cultural influence is demonstrated through projects like the Louvre Abu Dhabi, showcasing significant art collections [12]

Market Position - Italy leads in yacht production in terms of sheer units, despite other countries like The Netherlands and Germany producing larger yachts on average [1]

While there are countries that produce much larger yachts on average, like The Netherlands and Germany, for example, Italy leads in terms of sheer units. (Photo: Sanlorenzo) https://t.co/V5qJcZwdE4 https://t.co/T6yLBw0XUg ...

While there are countries that produce much larger yachts on average, like The Netherlands and Germany, for example, Italy leads in terms of sheer units. (Photo: Sanlorenzo) https://t.co/zENtRfA8QR https://t.co/oW3A4EjUHM ...

Industry Focus - The article explores why Italy is a prominent producer of yachts [1] Market Dynamics - The industry examines the factors contributing to Italy's success in yacht manufacturing [1]

Why Does Italy Produce So Many Yachts? https://t.co/fPrDOdNOBb https://t.co/BJssM10tdF ...

Industry Focus - The article explores the reasons behind Italy's prominence in yacht production [1] - The industry's focus is on understanding Italy's competitive advantages in the yachting sector [1] Market Trends - The report likely delves into the market dynamics that contribute to Italy's success in yacht manufacturing [1] - It may analyze factors such as design, craftsmanship, and technological innovation [1]