"The term megayacht is used for yachts between 80 and 180 feet. Many of the articles reference the same data. The stats below are drawn from a collage of sources. The number of megayachts worldwide has more than doubled over the last decade. Today, there are about 5,600 of them. 2,000 of those spend a significant amount of time in the U.S. 900 of them stop in South Florida during the year. Currently 327 are under construction worldwide. Of them 96 are being built in Italy and 78 in the U.S. The average length of those being built in the U.S. is 116 ft.
We included two references to China’s budding boat market. Currently the area is very underdeveloped.
The Yacht Charter business is also very hot. A few firms own a huge number of these craft. First Choice Holidays Plc. (UK) has about 1050 yachts and The Moorings has 770. Fort Lauderdale International Boat Show, the major megayacht showcase, displayed 160 units in Oct. of 1997. Recent U.S. and worldwide megayacht build rates were:
CONTINUED U.S. Worldwide 1995 68 149 1996 82 211 1997 86 279 1998 unknown unknown 1999 78 327"
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