Kevin Kwan of Voyager Risk Solutions, one of Asia?s leading yacht-insurance brokers, says that along with rising sales and arrivals in Hong Kong, local owners are now using their yachts far more regularly and believes this frequent usage will continue even once travelling overseas becomes easier.
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Image: Kevin Kwan

With the pandemic seemingly ?winding down?, most countries in the region are following the lead of much of Europe, North America and elsewhere by opening their borders and easing the complications and restrictions of travel. In fact, the yacht industry has been blooming during the pandemic including in Asia, as people have spent much more time in their home cities instead of travelling.
In Hong Kong, the local epidemic-prevention measures limited activities in public areas, so a private yacht became a great place to spend time with friends and loved ones. Now that the travel bans and limitations are being lifted in most countries, how will this affect the yacht industry in Hong Kong" Will it see the end of the ?winning streak? for the yacht industry or will demand continue"

Yachting activity here did have a break earlier this year when Omicron hit Hong Kong so hard that the whole city paused for almost three months. Yachting had been one of the getaways for high net-worth individuals when the previous epidemic prevention measures didn?t reac...