Greece Becomes Magnet for Mega-Yachts in Summer 2020



Yacht pictured in Paros, Greece. Credit: Marco Verch/Flickr

Greece has hosted a record number of mega-yachts, or yachts measuring over 40 meters (130 ft), along its shores in the summer of 2020, according to recently released data.

Enticed by Greece’s stunning beaches and low cases of Covid-19, owners of these super-yachts have gathered in the country’s world-renowned seas in droves.

Among the 145 mega-yachts docked in Greece’s shores in August are two vessels measuring over 30 meters (300 ft), as stated by Bloomberg. Although it is not the first time that mega-yachts have been spotted along Greece’s coast, this is a noted increase compared to the country’s 132 mega-yachts in August 2019, and to the 135 seen in Greece in July 2020.

Destinations in the Western Mediterranean, such as Spain and France, once hubs for such luxurious vessels, have seen some of their lowest numbers of mega-yachts in recent years. This may be due to surges of Covid-19 cases in these countries, while Greece’s coronavirus numbers have remained relatively low.

Many countries have restricted and regulated tourism in hopes of curbing Covid-19 cases, leading to great economic losses. This increase of mega-yacht tourism, also noted in Croatia and Turkey, may bring much needed financial activity to such countries, helping to remedy the economic consequences of coronavirus restrictions.