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PORTO CERVO, ITALY – AUGUST 22: An aerial view of a bay full of boats in Costa Smeralda illustrates … [
the popularity of yachting along the Italian coastline.

Aerial view of boats in Costa Smeralda
Getty Images

The Altagamma Foundation knows luxury. Particularly, Italian luxury. Since 1992, the organization has studied the high end Italian brands in fashion, design, jewelry, food, hospitality, automotive, yachts, and wellness. Their mission? To increase competitiveness of the high end industry, contributing to Italy’s economic growth.

Released on June 25th, 2024, an Altagamma-Deloitte study of the Italian Nautical Industry revealed that the industry grew three times faster than Italy’s GDP between 2012 and 2022, and that its overall impact is 2.7 times as much as its direct impact, six times greater than its employment impact.

Joanna Vitelli, Vice President of the Nautical Sector of the Altagamma Foundation
Altagamma Foundation

Presented by Giovanna Vitelli, Vice President of Altagamma for the nautical sector, and Tommaso Nastasi, Senior Partner of Deloitte, the study pointed to steps the industry might take to grow those numbers even bigger. President of Altagamma Matteo Lunelli was also present. Vitelli is also Chair of the Azimut|Benetti group, a top yacht builder both in Italy and around the world.

The Italian Nautical Industry


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(Note: The actual image URLs have been replaced with “image-url.jpg” for illustration purposes.)

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