Rather than sinking, the makers of superyachts are riding a wave. Recent events, says Ms Vitelli, are “unexpected”. Her firm’s turnover has surged by around 20% since the start of 2022, as has that of the entire sector. The pandemic first hit sales but has since fostered what Fortune Business Insights terms an “increase in the desire for seclusion and social distancing among affluent individuals”. Ms Vitelli detects a deeper psychological effect of the pandemic: “a realisation that life is short and that it can give us surprises”.

Source: Forbes November 16, 2023 14:57 UTC