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This week we head to Monaco on the French Riviera, where the principality is holding its annual Yacht Show. Visitors will be able to gawk at the world’s most expensive leisure boats and a lucky few might even be able to buy one. But behind the glitz and glamour, the industry is facing choppy seas. Russian buyers are now out of the game, and the conversation over the sector’s outsized carbon emissions is catching up with it.
Nevertheless, sales of yachts around the world are forecast to keep growing. While they currently stand at $9.4 billion, they are set to reach $14 billion by 2030, with an estimated annual growth rate of 5.8 percent for the period. For more, we speak to Chuck Cashman, executive vice president and chief revenue officer of MarineMax.
Also this week :
- As France waves the flag of re-industrialisation, it finds itself confronted with one major obstacle: a lack of qualified personnel to fill the 110,000 new positions set to be created every year.
- With the Rugby World Cup in full swing in France, the country is hoping to reap the economic benefits that come with the influx of tourism. We look at the economic impact of hosting such a large sporting event.
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