Not-For-Profit MYS 2020 Will Proceed

By George Bains

The Monaco Yacht Show 2020 will go ahead as the Principality of Monaco and Informa announce an adapted approach to guarantee a safe and secure show. The confirmation that MYS will proceed comes following the recent uncertainty surrounding the withdrawal of SYBAss and LYBRA.

Throughout the COVID-19 pandemic, during which many yacht shows have been cancelled or moved virtually, Informa has maintained that the Monaco Yacht Show would proceed, recognising the importance of this event for all corners of the industry. While not all speculation has been muted by previous defiance, the new announcement should instil greater optimism with further details to be released in the coming weeks.

Over recent years, the Monaco Yacht Show has evolved greatly to improve as a business-oriented event that stimulates meaningful interactions between key stakeholders.  With many companies relying heavily on the pulling power of Monaco, the Show has taken steps to ensure it provides a much-needed support after such a testing start to 2020.

Informa Chief Executive, Charlie McCurdy, has said that “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.”

Plans have been developed for MYS 2020 to adhere to the highest standards of hygiene and cleanliness so that it can once again provide an invaluable platform for brokers, designers, shipyards, and others to engage with clients safely. Restrictions in Monaco have already been relaxed, as has been in the case in other countries around Europe and the wider world, which will provide confidence that what is being spoken about is achievable. Informa and the MYS team are committed to offering support for the superyacht industry, with innovative solutions being developed to make this possible.

The 30th Monaco Yacht Show will take place from 23 to 26 September, so there are no date changes to amend the diary. In the coming week, more details will be confirmed as the MYS team liaise with suppliers and local authorities. The decision to run a not-for-profit Show has been taken given the history and position of the event within the superyacht industry, while Informa is in a secure position following a £1 Billion capital raise earlier in the year.

Minister of Finance and Economy for Monaco, Jean Castellini underlined the importance of The Monaco Yacht Show in helping businesses to bounce back. Castellini stated: “In the aftermath of COVID-19, it is the responsibility of the Monaco Government to do everything we can to help businesses and industries recover quickly. In this spirit, we are working with Informa to finalise details of the 2020 Monaco Yacht Show, which will prioritize the health and safety of all participants, whilst providing direct support to the international yachting community, ensuring it can connect with customers and accelerate the recovery of what is an increasingly important industry for the region.”

The news emanating from Monaco is sure to lift spirits throughout the industry, and we look forward to releasing further details of the new not-for-profit event in the coming weeks.

"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."

Charlie McCurdy, Chief Executive of Informa

"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."

Charlie McCurdy, Chief Executive of Informa
By George Bains