Keyword: megayacht

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  • The New Megayachts: Too Much of a Good Thing? [What would Thorstein Veblen say?]

    01/13/2006 6:30:04 AM PST · by Racehorse · 7 replies · 1,141+ views
    New York Times ^ | 13 January 2006 | Michelle Higgins
    IN an effort to capitalize on the megadollars that megayachts can bring to a harbor area, coastal resorts around the globe are racing to build or retrofit their marinas to accommodate the colossal cruisers. [. . .] . . . new marinas . . . are being developed . . . To keep megayacht owners busy - not to mention spending - while their boats are parked at the marina, developers are surrounding their ports with high-end restaurants and retail shops. To entice yacht owners and their entourages to stay longer, they are also building luxury condominiums and five-star hotels....