Superyacht migration trends: Southeast Asia
Using data from MarineTraffic, we examine superyacht cruising patterns around Southeast Asia…
In continuation from our previous articles on global superyacht migration, using data provided MarineTraffic, we consider some the oceans of Southeast Asia to analyse how superyacht traffic has changed over time.
In The Superyacht Migration Report, we analyse how these areas are becoming more adept at catering for the luxury superyacht market, as well as considering the ways in which said locations require development, be it regulatory or infrastructure. We spoke to Jean-Marc Poullet, chairman of Burgess Asia, who affirmed that there “needs to be a change in domestic regulations - there is still antiquated charter regulation against foreign-flagged vessels which requires yachts to leave Thai waters at the end of the charter”.
However, contrary to popular belief, Thailand and its surrounding areas are not, necessarily, lacking in superyacht infrastructure. Although the region boasts far fewer marinas than more established destinations, with 1,430 islands on offer and a wealth of anchorages, it doesn't really require many marinas, although Poullet does point out that a relatively low cost and beneficial development would be the addition of more pontoons. Indeed, the charms of Thailand and its neighbouring nations are the cruising opportunities not its marina culture. That being said, Phuket may now be considered one of, if not the, superyachting capitals of Southeast Asia.
Southeast Asian superyacht activity 2015-2018
The above map, which highlights superyacht activity in Thailand, Malaysia, Singapore, Indonesia and a number of surrounding nations from 2015-2018, clearly illustrates that Phuket and Singapore dominate the Southeast Asian market. However, it also illustrates the prominence of cruising and the use of anchorages.
Superyacht size range activity in Southeast Asia 2015 - 2015
From 2015 to 2018, Thailand has experienced growth of over 50 per cent in terms of unique superyachts visiting the region, growing from 27 vessels in 2015 to 41 in 2018. Indonesia proved to be the second most popular region, as well as boasting the second greatest growth rate at 35 per cent and the highest number of 90m-plus yachts.
The Superyacht Migration Report, which is available to download now and due to hit desks on 21 June, will explore the various positive and negative elements of yachting in Southeast Asia and consider how best to operate in the region. Click here to get your copy.
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