A 127-metre superyacht recently berthed in Cairns is expected to contribute close to $1.95 million to the local economy during its stay, highlighting the significant economic opportunity that large superyachts can deliver to the region, confirmed by Superyacht Australia and Superyacht Group Great Barrier Reef (SYGGBR).
Based on Superyacht Australia’s visitation modelling, the estimated economic contribution includes approximately $641,000 in crew spending on food, retail, hospitality and recreation, and a further $1.23 million in vessel expenditure with local marine businesses and contractors engaged to service, provision and maintain the yacht.
Built by Oceanco in the Netherlands, its presence in Cairns highlights where the region can benefit most from superyacht visitation. Superyachts of this size require a wide network of specialist local trades to keep them in perfect condition during a visit, including shipwrights, engineers, divers, detailers, riggers, provisioners, fuel and logistics providers and hospitality operators. Every day a vessel like this is in port, it is local businesses and their employees who are doing the work.
About Australian International Marine Export Group (AIMEX)
The Australian International Marine Export Group (AIMEX) is the peak body for the marine export industry. The objective of AIMEX is to develop and promote Australia’s international competitiveness in the marine sector. AIMEX represents some of Australia’s most successful international brands, emerging companies and firms that showcase exciting innovation and technological development. www.aimex.asn.au
About Superyacht Australia (SYA)
Superyacht Australia is the peak body for the Australian Superyacht Industry. Our key focus is to develop and promote Australia and the South Pacific’s international competitiveness as a destination for the global superyacht fleet, to increase visitations of superyachts to Australia and to promote the capabilities of the Australian superyacht industry to build and service a visiting vessel’s every need. www.superyacht-australia.com
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