The luxury end of yachting has had a major impact on the yacht clubs and marinas of the Balearics, as the number of mooring reservations has grown considerably as a consequence of the elimination of the matriculation tax on charter yachts, benefitting specially the yachts above 30 m of length.
Direct effect of the arrival of the superyachts is the arrival of tourists with high purchasing power, generating an economical impact in the market and benefitting specially the restaurants, complimentary services, rent a car, boutiques, department stores and supermarkets in the port areas.
Complete article: Última Hora.
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