25 September 2016

27 Apr 2015

Scott Walker, highlights 'borders' as key inhibitor to growth in Asia

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Covering majority of the APAC region, Scott Walker of Asia Pacific Superyachts, explains there is positive growth in the region, and that “investment from both local, European and American for this kind of leisure is growing, and the region is so vast and diverse that it’s really an excellent cruising ground.”

Walker explained that there is a lot of wealth being generated by this generation in Asia and with many being “educated overseas they have seen this type of lifestyle, and they are starting to embrace it now.” This added to the American clients who come to the area, he says, will aid growth.

“Key inhibitors would be mostly borders and what I mean by that is the immigration in different countries and the laws and regulations in the countries around here. Some countries in Malaysia and Singapore are very easy to deal with,” but there are others, Indonesia and Vietnam in particular that have various things to consider and it’s a greater effort to get the cruising permits and visas that are needed.

Walker added that the “Formation of action groups/club to speak to the respective governments on an industry wide level is going to be the only way forward.”



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