Superyachts may bring biggest spenders to Auckland for 2021 America's Cup, CBRE says

Fri, 18 May 2018

By Andrew Bevin May 18 (BusinessDesk) - Superyachts owned by some of the world's wealthiest billionaires are likely to provide the biggest boost to Auckland's economy at the 2021 America's Cup, an event CBRE says could generate between $403 million and $892 million for the city. Scores of superyachts are expected to flock to the event in early 2021, pumping money into the hotel, marine, retail and residential property sectors, the commercial property firm said in a report. Their passengers and crew may provide the largest overall boost to...

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