SuperyachtNews

On 28 and 29 November 2018 a select group of experts will develop a strategic plan for Hainan…

To date China has proved to be the golden goose that has been reluctant to lay its eggs. But, that may be set to change as the Chinese authorities commit to Hainan, an island province in southern China, becoming the test case for the luxury yachting and marina market in the region. SuperyachtNews speaks with Arthur Tay, executive director and CEO of SUTL Enterprise, the owning company of One°15 Marina, about the development of the Chinese market and the Hainan Marine Tourism Summit, the first strategic summit for yachting, marine infrastructure and marine tourism in China. Tay has spent the last decade analysing the potential of the Chinese superyacht market.

“Affluence in China is growing at an incredibly fast pace and, increasingly, its residents are demanding lifestyle experiences that match their wealth profile,” starts Tay. “This phenomenon is clear to see when you consider Chinese national’s appetite for travel and luxury expenditure in nations all over the world. Chinese tourism brings 100s of millions of pounds to global economies, we especially see this at the One°15 Marina facility.”

Read the full article here.