Report details state of U.S. marinasPosted on
First Research created a new report on the U.S. marina industry.
Key topics covered in the report include an industry overview, quarterly industry update, business challenges, trends and opportunities, financial information, an industry forecast, a Web site and media links.
According to the report’s executive summary, there are about 4,300 commercial marinas, excluding private yacht clubs, in the United States, with combined annual revenue of $3 billion.
Large companies include Westrec Marinas, Flagship Marinas, and California Yacht Marina. Only about 50 operators own more than one marina. Most marinas are privately owned, but some are operated by municipalities or state agencies.
About 40 percent of industry revenue comes from slip and storage fees, 25 percent from fuel sales, 15 percent from maintenance, and 10 percent from food sales. A typical marina has 50 to 100 slips. The industry is labor-intensive, with annual average revenue per worker at about $120,000, according to the report.