In order to further promote the joint development of Sanya yacht industry chain and strengthen the cooperation between high-quality yacht brands, On March 23, HNMTES, as an platform of SCBDA, successfully held an online meeting with NMMA to discuss in-depth cooperation in yacht industry, actively introduce high-quality yacht brands into China, and enrich domestic yacht brand market supply.

Stuart Hu,the distinctive consultant of the SCBDA, Xiang Yu, the director of the cruise&yacht department, Sara Anghel, the chairman of the Canada branch of NMMA, and representatives of the commercial office of the US embassy in China and the US Consulate General in Guangzhou attended the meeting.

Stuart Hu,the distinctive consultant of the SCBDA

At the meeting, Stuart Hu gave a interpretation on the favorable policies of Hainan FTP, such as "zero tariff", free guarantee for foreign yachts entry. He introduced the current yacht industry of Sanya and expressed to cooperate with members of NMMA in investment, brand promotion and 2021 China International Consumer Products Expo.

It is reported that in 2020, the voyage-time in Hainan Province will exceed 100000, with a year-on-year growth of 11%, and the sailing person-time will reach 756163, of which sailing person-time in Sanya will reach 726399, accounting for 96% of Hainan. During the Spring Festival in 2021, 5460 yachts with 38882 passengers went for sailing in Hainan, of which 5164 yachts with 36658 passengers went for sailing in Sanya, accounting for 95% and 94% respectively.

The vigorous yacht tourism directly drives Sanya yacht trading market. At present, it still has a demand gap in surfing yachts, family yachts, medium and high-end leisure fishing yachts, sports yachts, super yachts and new energy yachts, especially for foreign brands.

NMMA was founded in 1979, is the leading trade association in North America, representing the manufacturers of boat, engine and accessories. At present, it has more than 1700 members, covering more than 200 brands. The marine products produced by these members account for 80% of the U.S. market. North America's yacht market accounts for more than half of the global market, and the sales of yachts and relevant supplies are as high as US $3.95 billion per year.

At the meeting, Sara Anghel shared the current yacht market in North America. She said that although manufacturers were temporarily short of production capacity due to the epidemic, members of the association were full of interest in expanding market in China and were very optimistic about the prospects of yacht industry in Sanya . They will fully support on introducing new brands to Sanya.

As the only park that take cruise&yacht as the leading industry in Hainan FTP, since this year, the SCBD has actively released favourable policies for the cruise&yacht, introduced high-quality projects, and carried out in-depth cooperation with enterprises to link the industry's high-quality resources and created a first-class business environment for the yacht industry, enriched yacht leisure tourism products, developed exhibitions and events, helped yacht industry achieve leapfrog development by opening to the world, strived to build an world-known yacht exhibition and trading center, promoted the gathering of yacht trading elements, and provided strong support for the construction of Hainan International Tourism Consumption Center. Up to now, more than 30 cruise and yacht enterprises have settled in.

Hainan International Yacht Trading Company will also carry out continuous and comprehensive cooperation with yacht enterprises in financial support (yacht purchase credit financing, yacht leasing financing, yacht mortgage loan), government-enterprise linkage, publicity and promotion, so as to enhance the trading amount of enterprises and the purchasing power of buyers.