Fraser CEO Raphael Sauleau noted that young Bitcoin investors and technology start-up executives have been major contributors to the boating business boom.
, noting "the fact that we’ve been confined and not able to travel for a while" has accelerated interest in yachts.
"Some of our existing customers they said, ‘You know what? Maybe it’s time to have a bigger yacht or a larger yacht.’ Some of us said, ‘I’ve always been chartering so why don’t I buy a yacht now?,’" Sauleau said. "So we’ve seen all this phenomenon, which obviously has been having a very positive impact on the yachting industry."
Sauleau’s yachting company, which specializes in luxury yachts for sale and charters, has experienced a 175% jump from 2020 to 2021, Bartiromo mentioned, citing Fraser data.
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