THE “Superyacht Cup 2006” brought more than 11 million euros to the islands last year, according to a study presented yesterday by the Majorcan Chamber of Commerce. The study covered the economic impact which this competition had and the forecasts of how much it will generate this year, when it will be held in the Bay of Palma from June 16 to 19. The presentation was attended by the director general of the Balearic Institute for Tourism (Ibatur), Raimundo Alabern, the director general for Sports, Jose Luis Ballester, the President of the Spanish Association of Superyachts, Diego Colon, the director of the Superyacht Cup, Patrick Whetter, and the President of the Chamber of Commerce, Joan Gual. The study represents the interest of the sector in quantifying and verifying the economic benefits of the “Superyacht Cup”, a regatta for yachts of more than 24 metres in length, which started in Palma in 1996. The results show both the expenditure by those attending and by the participants in the regatta, and the expenditure
The number of yachts taking part in the regatta has risen from last year's
18 to 51 and may top 6, the report says linked to the yachts taking part, which require maintenance, moorings, electricity, water and fuel.
The 2006 regatta attracted 18 yachts and 520 people (crew and other participants) with an average expenditure per person per day of 370 euros, and an average stay of one month, which varied between 10 days and four months depending on the profile of the participant. For the 2007 regatta, 51 yachts have already enrolled and the organisors expect a total of 60, which will mean the participation of over 1'500 people and the corresponding increase in total income for the island. If the standard averages of stay and expenditure are maintained, the income for the island will be over 30 million euros, according to the report.
In addition to this, this year's edition will include the “New Zealand Millennium Cup” regatta, taking place in Europe for the first time.