Some people who used to cruise are now buying yachts. This comes as the number of vessels under construction -or on order- worldwide hit a new record compared to two years ago. Fraser, one of the top yacht companies, sold $1.6 billion in inventory, a 175% increase from the prior year. While rising fuel prices and limited docking pose a threat to the industry, many analysts believe this boom in sales of superyachts is just beginning. Michael Busacca, COO of Fraser Yachts, discusses the state of the yacht industry and how sailing habits have changed since the pandemic.