Informa Markets has confirmed the cancelation of the Monaco Yacht Show 2020. The 30th-anniversary edition was due to take place in September, but the disruption caused by Covid-19 has made it too difficult to host the event this year.
The organizer took the decision following weeks of consultation with various stakeholders including superyacht owners, shipyards and brokers. It became clear that too many of them had faced, and continue to face, significant challenges. The original plan was to make the 30th-anniversary edition bigger and better than ever, but the sheer level of disruption has made that impossible to achieve.
Informa has instead thrown all of its eggs into the For Lauderdale basket, which at this point is still going ahead in October. The Fort Lauderdale International Boat Show is considered far more viable as much of the world’s superyacht fleet is currently located in the US and Caribbean. The show will display more than 900 boats, including 100 superyachts.
Charlie McCurdy, CEO of Informa Markets, said: “Like many other industries, the international super yachting community has experienced significant disruption in 2020. As we move to the other side of Covid-19, we are remaining 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.”
“To this end, we are focusing our efforts in the latter part of the year on delivering a strong platform to showcase the industry at the Fort Lauderdale International Boat Show in late October, with the Monaco Yacht Show now set to return in style in September 2021, when it will celebrate its 30th Anniversary.”Informa has explored every avenue in an attempt to bring the show to Monaco this year. It announced last month plans to make the Monaco Yacht Show 2020 a non-profit event to help support the industry in its recovery from the Covid-19 pandemic. Informa worked closed with the principality to determine if such an event would be beneficial to the industry. The cancellation suggests it would not.
30th MYS is postponed to September 2021
Over recent weeks, we have been in constant discussions with stakeholders and partners within the international Super Yacht Industry to better understand the challenges facing yacht owners, shipyards, brokers and other key participants in the face of the disruption due to COVID-19.
At the same time we have been working closely with all partners involved with the Monaco Yacht Show, and particularly the Principality of Monaco, to determine if a low-density, not-for-profit, support event in Monaco this year would have been both practical and beneficial to the market.
From a health and safety perspective, there was agreement between the local authorities and the organisers on an effective format and structure for the 2020 Monaco Yacht Show, incorporating the All Secure Standard for hygiene and bio-safety. However, ongoing apprehension from some exhibitors and attendees, combined with the fact that much of the Super Yacht fleet is currently still located in the US and Caribbean, has led to the conclusion that it is in the industry’s best interests to postpone until September 2021, the organization of the 30th edition of the Monaco Yacht Show originally scheduled for September 2020.
On behalf of the organising team, we’d like to thank each individual and company that has been supporting the Monaco Yacht Show and look forward to welcoming everyone back to the 30th Monaco Yacht Show from September 22 to 25, 2021 on the Port Hercule of Monaco.