Miami International Boat Show, Events in Miami
Wednesday, February 11th, 2009The economical crisis is hitting the boating industry and Miami boating events extremely hard as seen by the rapid disappearance of boat buyers. Some analysts had anticipated that the wealthy would not be impacted by the crisis and that the yacht and mega yacht segment of the market would be unscathed.
It is time for those analysts to go back and rewrite their reports. Visitors on Florida vacations will normally be preparing now as the Miami Boat Show approaches at this dire time. Some billionaire boat owners have been impacted more than others. The Russian oligarch Abramovitch, a yacht collector, lost most of his fortune in the past few months. His fortune dwindled from about $80 billion to $3 billion.
Large yacht manufacturers and Miami boating events have begun to feel the effects quite intensely. The Italian Ferreti is restructuring its debts and the French Rodriguez is said to be on the verge of bankruptcy.
The 68th Miami Boat Show will be challenged by our current economy. Out-of-towners can find deals for their Miami boating events vacations by booking a Miami Beach vacation rental.
