Superyacht sales are booming as the rich seek alternatives to homeschooling through Covid-19
Superyacht sales are booming as the rich seek alternatives to homeschooling through Covid-19

Superyacht sales are booming as the rich seek alternatives to homeschooling through Covid-19

When Covid-19 closed schools and removed education, it revealed the world’s creative potential by forcing it to develop innovative alternatives to personal learning.

In Sierra Leone the fifth poorest country in the worldMinistries of Education implemented radio programming to reach children through the household radio. Up in the southeast, the Malaysian government issued 17-hour educational television programs every day for the 95% of Malaysian households that had a television. Climb the GDP ladder a little more, and you’ll find that Japan’s GIGA school program spent $ 4.4 billion. USD on pumping laptops next to every K-12 student in the country in an unexpected attempt to exceed the requirements for continued distance learning.

But despite these creative solutions, educational breakthroughs have not been enough to mask the amount of other consequences and restrictions that the global pandemic produced – except, of course, for those who could afford it.

Throughout the Greek Covid-19 alphabet, the Uberian elite exploited a caliber of innovation that was neither a product of government strategy nor budding technology. In fact, the most innovative solutions to the Covid-induced education crisis, the national shutdowns, the social distancing, and the strict travel restrictions were one that only money could buy: the superyacht.

Through a global pandemic, the superyacht has served as an all-in-one do-it-all solution for the wealthy to get around fluctuating Covid restrictions. When clubs closed, European DJs were flown in to curate lavish “outdoor” yacht parties. When travel restrictions set in, families decided to charter in rural waters and sail along northeastern shores.

In the past year alone, wealthy families have spent over $ 1.1 billion – an increase of as much as 25% from 2020 – on superyachts to create a new sense of normality. According to Boomer Jousma of Italian yacht groupa top-producing yacht broker, the yacht trend is running bullish as more and more of his clients choose to buy bigger and better yachts.

“We have eight yachts being built for customers larger than ever before,” Jousma said. “Families recognize the need for additional accommodation for teaching staff and other facilities such as ‘classrooms’ on board for excursions around the world for extended periods.” Jousma is currently selling a 90mm mega yacht to a private customer in Miami whose intention is to include a full service training facility for his three children on the yacht.

Superyacht buyers have also been riding on the waves of great flight from unpredictable school closures. When schools in New York closed, middle-class and low-income families made the transition to online distance learning. Then, when New York’s schools reopened, students made the transition back to the classroom fully masked with desks six feet apart. But while all this was happening, groups of parents with deep pockets turned their second home in the Hamptons into the outdoors. micro schoolscompletely avoid indoor collection restrictions.

The superyacht boom does not surprisingly coincide with an even greater tendency to use homeschooling to evade a Covid-affected world. And while this only seems reasonable, it turns out to be a more innovative approach to tackling the many burdens that more common forms of distance learning have imposed.

What the one-way radio programs and TV curriculum lack is an element of interaction. Even staring at a laptop screen for six hours with state of the art, two-way ed tech has its limits, as any Zoom-tired student will testify. As Covid remains concerned, educational trends among the rich commit to less strenuous forms of learning in the long run.

Tiffany Sorya, CEO of Novel Education Group, a leading New York-based private homeschooling firm, believes the pandemic triggered a continuing trend toward innovative, home-centered learning approaches. “Several families are requesting full-time 24/7 teachers to stay and travel with them. We have received inquiries from families who want to stay on yachts for 1-2 months at a time and want their children to continue to have full access to the best educational support personally, ”says Sorya.

Although the opportunity to hire full-time homeschooling is not viable for many families, it seems that this is a lasting trend for those who can afford it. The advantages far outweigh the disadvantages in their eyes.

“Families are not returning to the traditional school system,” Sorya insists. “They realize that the amount of flexibility they have to stay together as a family and with distance learning does not make sense for some of our families to stay in one area. They do not want to sacrifice on the quality of education and learning. , so it’s easy for them to hire a full-time teacher to travel and live with them. ”

In addition to these benefits, the flexibility that homeschooling provides means families can travel the world while ensuring their children continue to exercise. Through this learning approach, children also receive far more individual attention than they would in school. And then there are the health benefits, of course, as students are shielded from a world where health risks are more apparent than ever before.

While we have undoubtedly coped with the worst of the Covid-19 pandemic, it is clear that this global upheaval has had a lasting impact on global education trends. From colleges that have canceled standardized tests to the shift towards innovative distance learning opportunities, the last few years have increased the norm when it comes to education, and it is likely that these changes have come to stay.

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