Saint-Tropez, the resort of glittering Riviera favored by the super-rich and celebrities are lamenting a decline in berthed number in yachts at its marina this summer.
The owners of Luxury yacht are not to be short of funds, but, because of the prohibitive cost of the luxury yachts, they are snubbing the upscale resorts of Côte d’Azur.
Now, instead of Antibes or Saint-Tropez’s’, the renowned “Billionaires’ Harbor”, people are choosing relatively less expensive destinations at the places like Spain or Italy, where the fees of berthing, crewing costs and fuel prices are lower.
Coming to the high costs on the Riviera, then strict enforcement of EU regulations France has to be blamed for this. They have strict EU regulations on the marine diesel sales price and for the high French tax new requirement along with the social contributions to be paid to the crew members.