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Jonathan Beckett: Burgess CEO predicts the future of yachting

Jonathan Beckett: Burgess CEO predicts the future of yachting

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Instability and uncertainty will give clients pause for thought

The political landscape is notoriously difficult to predict and Beckett picked out two key areas to focus on: “I think instability in the Middle East and Russian sanctions will have the biggest impact on our industry. Will Brexit have a big impact on yachting? It’s difficult to say — no-one knows what Brexit is going to do.”

However, these challenges are often just a matter of timing, as he explains: “When there’s uncertainty in the markets, people wait. When we had the global financial crisis, some of our clients did lose money, a lot didn’t, but they thought it was not a good time to be spending lots of money on yachts. I think yachting is here to stay. At the top-end, there are 2,500 superyachts in the world and that number could easily grow by 20% in the next 7-10 years.”

Photo: Flickr / Raphael Chekroun

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