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This industry is in a state of growth internationally. With an increasing number of persons retiring early, and higher average incomes, there is an increasing amount of leisure time. Furthermore, a greater proportion of leisure time is now being spent in water-based activity. The growth of the industry is also evident by the growth in the production of pleasure craft and mega-yachts in particular. This increase in the number of recreational boats worldwide is creating additional strain on the existing infrastructure and the demand for marina space is increasing. In addition, changing weather patterns may cause an increasing number of yachts to come to Trinidad and Tobago for yacht repair and storage. As such, the yachting industry in Trinidad and Tobago has been targeted for development as it was seen to display great potential for diversifying the economy from its dependence on the Energy Sector.
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