Full Video: Ritz-Carlton Thinks Yacht Travel Is the New Luxury Goldmine

Key Points

• The Ritz-Carlton Yacht Collection is targeting a new luxury travel niche between private yachting and traditional cruises.
• CEO Jim Murren highlighted exclusive experiences and spacious accommodations designed for high-net-worth and multigenerational travelers.
• Murren predicted the UAE will soon surpass Las Vegas as a leading gaming and entertainment destination, with its first resort-casino opening in 2027.

Summary

At the Skift Global Forum East in Abu Dhabi, Ritz-Carlton Yacht Collection CEO Jim Murren discussed how luxury yacht travel is emerging as a lucrative niche, positioned between private yachting and traditional cruises. The collection caters to affluent travelers seeking exclusive ports, bespoke excursions, and accommodations suitable for families. Murren also predicted that the UAE could overtake Las Vegas as the world’s top gaming and entertainment market, with the country’s first resort-casino scheduled to open in 2027.