The just-concluded Yachting Expo organized by the Antigua and Barbuda Yachting and Marine Association (ABYMA) has initiated a new project; an Economic Impact Study of the sector on the Antigua and Barbuda economy.
This comprehensive study, commissioned by the ABYMA, which has not been undertaken in over 20 years, aims to evaluate the value the yachting and marina industry brings to Antigua and Barbuda, identifying both current challenges and future growth opportunities.
“With the remarkable growth of our industry over the last two decades, this assessment is crucial at this pivotal moment in our history,” noted President of the ABYMA, Franklyn Braithwaite, in his opening speech. “Understanding how we can continue to develop and support this sector will ultimately benefit the whole economy of Antigua and Barbuda.”
The study, guided by the consultancy Eco-Sustainability and led by Guy Chester, will begin in December and continue through June 2026. It will assess both the consumer side, focusing on visiting sailors, as well as the business landscape in Antigua, ensuring a robust understanding of the entire industry. He went on to thank sponsors the Antigua and Barbuda Tourism Authority, Falmouth Harbour Marina, The Antigua Yacht Club Marina, Budget Marine & Falmouth Ocean Club who have all come on board significantly to fund the study and asks that other members consider a donation to assist in the final funding.”
Vice President of the ABYMA, Bobby Reis, emphasized the vital role the yachting industry plays in the local economy. In particular, Reis highlighted, “The yachting sector not only supports tourism but also creates job opportunities year round.”
Liz Isdale from the IYRS School of Technology & Trades (formerly International Yacht Restoration School) Scholarship Fund delivered an inspiring speech. She said, “The scholarship is a transformative initiative led by IYRS in Newport, Rhode Island, in partnership with the Antigua and Barbuda Yachting & Marine Association (ABYMA), the government and other local organizations. Together, we are working to open doors for Antiguan talent to thrive in the global marine trades.
“This scholarship program was born out of a simple but powerful truth: Antigua’s marine industry is both growing and current workforce is aging out, and it needs skilled professionals to sustain and expand that growth. We saw a clear demand for trained marine technicians, individuals who not only have the passion but also the credentials to lead and innovate in this field. And we knew that the solution was not just to import talent, but to invest in the incredible potential that already exists right here in Antigua.”
Governor General Deputy, Sir Clare Roberts, officially declared the Expo open and enthused, ‘Opportunity does not lie only on the road but takes to the seas’.
