With sweeping changes to people’s day-to-day lifestyle since early 2020, many started to feel frustrated, unable to travel and having to look more closely at spending all holiday or leisure time in Singapore. With the tourism economy heavily hit by the pandemic, there has been a growing focus on ‘Interestingly, it has been a lot easier for yacht dealers to reach new boat customers who had previously been busy travelling or had some other prior engagement.
That was typically the goal with stock boats in the past, although most dealerships and shipyards would align their stock boats to arrive in time for a boat show. These were good occasions for showing off a new model, but sometimes the stock boats wouldn’t move if the market had changed. Another significant factor in the brokerage market has been the uptake of Singapore’s local boat driving course , which has encouraged and enabled new boaters to the market.The emphasis on domestic tourism has spilled over to the yacht charter and boat rental market. Despite an unprecedented situation for charter operators, the market has grown substantially since the beginning of the pandemic.