Monaco Yacht Show to go Ahead as Nonprofit Event

//Monaco Yacht Show to go Ahead as Nonprofit Event

Monaco Yacht Show to go Ahead as Nonprofit Event

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The 2020 Monaco Yacht Show is set to go ahead as a nonprofit event, organisers have announced.

According to Informa, who organise the show, the 30th edition of the Monaco Yacht Show will continue as planned but will run as a not-for-profit initiative “dedicated to supporting the speedy recovery of the industry post COVID-19.”

The news comes after the world’s leading superyacht builders and brokers announced their withdrawal from the 2020 Monaco Yacht Show and called on Informa to cancel this year’s edition in response to the ongoing coronavirus pandemic.

In a statement, Informa said, “As countries and locations around the world gradually relax lockdown restrictions and ease control measures, it is imperative that the superyacht community is supported in every way possible to help the industry return and recover safely and quickly.

“With control measures steadily being relaxed in Monaco, around Europe and internationally, on current course and speed, this should allow for a carefully staged event to still take place this year.

“In the spirit of the history and position of the event within the superyacht industry, the 30th Monaco Yacht Show will be run on a not-for-profit basis, recognising the challenges facing everyone post the COVID-19 pandemic and, therefore, providing direct support to all attendees and exhibitors from across the market.”

Working with the Principality of Monaco, Informa has also announced it has developed a set of “enhanced” safety measures so exhibitors and attendees can participate in a “safe and controlled environment.”

Chief executive of Informa, Charlie McCurdy, said, “The COVID-19 pandemic has had a devastating impact on all industries, not least the international yachting community. As we move to the other side of the pandemic, all parts of the industry need to work collaboratively to ensure a speedy return and recovery. We are playing our part by hosting a not-for-profit Monaco Yacht Show in 2020, providing an opportunity for the community to come together, share ideas, meet with customers and start to rebuild positive momentum.”

The 2020 Monaco Yacht Show is scheduled to take place from September 23 to 26. Full details will be announced in the coming weeks.