Connect with us

Business

Luxury lifestyle makes Phuket heavy hitter in Asia yachting scene [video]

Legacy Phuket Gazette

Published

 on 

Luxury lifestyle makes Phuket heavy hitter in Asia yachting scene [video] | Thaiger

PHUKET: Phuket’s marine industry is tapping global growth in the lucrative superyacht segment thanks to the unique luxury lifestyle the island offers and a sharp rise in the number of such vessels coming to Asia.

Thailand’s largest island is already well established on the regional and global sailing circuits. However, industry players say increased investment in specialist facilities could see Phuket become Asia’s superyacht destination of choice.

Candy GPS Report, which only considers vessels costing more than US$24 million, shows the number of superyachts tripled globally from 74 to 212 over the past five years.

Phuket is already punching above its weight in attracting its share of super-luxury vessels sailing to

The superyachts at the 2014 Rendezvous brought a luxurious ambience to Kata Bay. Video: PGTV

says Gareth Twist, managing director of Yacht Solutions.

“In terms of marinas and yachting events, Phuket is at the forefront in Southeast Asia,” he says. “We already have four excellent marinas and established annual yachting events. The yachting industry infrastructure in Phuket is improving every year. Marinas are expanding and more events and yacht shows are being added to the calendar.”

Gordon Fernandes, general manager of Asia Pacific Superyachts and co-organiser of the Asia Superyacht Rendezvous, says that Phuket has benefited from the “phenomenal growth” in superyachts – defined as yachts which are more than 24m long – coming to Asia, largely due to growth in luxury resorts and related infrastructure. Key source markets are Singapore, Hong Kong and China, followed by the US, Europe and Australia, as well as yachts stopping off in Phuket as part of a global voyage.

“Owners can party at a beach club, go diving in the Similan islands or find total peace and seclusion cruising to Myanmar’s Mergui archipelago, just up the coast,” he says. “The huge variety means more owners are choosing to base their boats on Phuket for the cruising season. The success of events like the annual Asia Superyacht Rendezvous reflect that growth.”

The annual King’s Cup Regatta, Superyacht Rendezvous, PIMEX and the Phuket Yacht Show, which will hold its inaugural event later this year, help position Phuket as a “buzz-word destination” within the ultra high net worth (UNHW) segment, says Zara Tremlett of Yacht Haven Phuket, which will soon open a new 260m-attenuator dock and six 50m-berths, enabling the facility to service up to 16 superyachts at a time.

“The fact that the Phuket Yacht Show is a new event indicates the strength of the industry,” she says. “However, this is still an emerging market, albeit one with steady growth. While all marine developments offer various levels of maintenance facilities, the one piece of the puzzle missing is a dedicated yard for the larger ‘white boats’ or superyachts.”

The need for such facilities is paramount if Phuket is to attract more owners and charterers of superyachts. Annual running costs, which include maintenance, provisions, crewing and berthing fees, are broadly estimated at 10-15 per cent of the hull cost before customization. As many owners only spend between two to six weeks aboard their boat each year, a growing number are chartering their vessel to cover costs, though very few purchase superyachts purely for investment purposes.

Twist says the number of superyachts travelling to Thailand for major refits and repairs, which are typically required every two to three years, is on the rise. Phuket is missing out on that business as currently the only boatyards big enough to handle the vessels are in Bangkok. However, he is confident that addressing this gap would be a boon for the industry.

“What is desperately required in Phuket is a world-class refit and yacht repair facility,” he says. “Once a world class facility has been established in the region, the number of visiting yachts to Phuket will increase exponentially.”

Jules Kay is a marketing consultant, editor and content curator with 15 years experience working in the Southeast Asian luxury property, lifestyle and tourism sectors. His latest project is an exclusive mixed-use residential resort development on Kamala Beach (www.montazure.com).

— Jules Kay

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Phuket7 hours ago

Domestic travel to Phuket all but banned starting August 2

Coronavirus (Covid-19)8 hours ago

Despite Covid-19 Phuket Sandbox continues at least 2 weeks

Coronavirus (Covid-19)10 hours ago

Chulalongkorn University progressing on domestic mRNA vaccine

Sponsored18 hours ago

Experience Phuket’s Islands with 5 Star Marine

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Koh Samui14 hours ago

Black Club Covid-19 outbreak on Koh Samui widens

Thailand15 hours ago

Possible earthquake in Nonthaburi this morning

Best of15 hours ago

Chiang Mai’s 8 most indulgent spa hotels

image
Join the conversation on the Thaiger Talk forums today!
Coronavirus (Covid-19)15 hours ago

Bangkok Bang Sue scam under investigation, 7 volunteers and counting to be questioned

Thailand16 hours ago

Thailand News Today | ‘Crowding’ due to camera angles, train hospitals | July 29

Thailand16 hours ago

Spray guns ineffective and dangerous, says TFDA

Drugs17 hours ago

Methamphetamine pills hidden in instant noodle packets delivered for Covid patient

Coronavirus (Covid-19)17 hours ago

Anonymous “Dr Sandy” says pray the Covid situation gets better

Coronavirus (Covid-19)18 hours ago

Thursday Covid Update: Record high of 17,669 new cases; provincial totals

Phuket18 hours ago

Phuket governor eyes construction camps for stricter Covid measures

Best of20 hours ago

Top 5 spas in Chiang Mai

Coronavirus (Covid-19)20 hours ago

Health Minister says Bang Sue not crowded, blames “camera angles”

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand6 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending