Organised to run between 23 - 26 September 2020, the prestigious Monaco Yacht Show (MYS) has now lost a considerable number of SYBAss (Superyacht Builders Association) and LYBRA (The Large Yacht Brokers Association) members due to concerns over the continuing coronavirus pandemic.
According to reports from SuperyachtNews, the retractions from the Monaco based show were made through a letter expressing concern for the 2020 event and possible negative influences on the industry.
Publicised excerpts from the letter include;
"In this climate of uncertainty however, both LYBRA and SYBAss members have reached a clear decision that we do not intend to participate in MYS 2020, even if it is able to go ahead in September as scheduled. Our reasons are two-fold."
“Throughout our industry, there has been much speculation as to whether the Monaco Yacht Show can take place this year. Lockdown arrangements across the globe currently vary and travel restrictions are extensive."
The letter is a positive letter; it is asking Informa to do the right thing and the right thing is to not have the show. The reason we are doing this is to bring the show forward so that it actually achieves what it professes to.
Sales Director
Lurssen
To show the extent of the withdrawal from the MYS proceedings, here's a breakdown of the SYBA and LYBRA contribution to the show.
SYBA - members account for around 60% of 40m+ yachts delivered to owners over the last decade. Some of the biggest names include Lurssen, Amels, Benetti, Heesen, Abeking & Rasmussen and Sanlorenzo.
LYBRA - composed of eight brokerage firms Edmiston, Yachtzoo, Fraser, IYC, Burgess, Northrop & Johnson, Ocean Independence and Y.CO , the collective companies are responsible for the attendance of a significant number of pre-owned vessels throughout the duration of the event.
The newsbreaking withdrawal from the MYS, comes as a result of the publication of a newsletter in April, claiming the event was still to continue as planned.
Both associations declare their concern for the safety of their staff and clientelle, with further notes that many of the potential visitors will not attend due to varying travel restrictions around the globe.
A negative impact was also indicated in the received letter, explaining a luxury event of such scale would not be appropriate at a time when so many are affected by the global pandemic.
