Study supports expansion of Palm Beach show

Posted on

The Palm Beach International Boat Show adds $76.7 million to the economy in South Florida, a new study says, and marine industry leaders believe the event could in time rival the Fort Lauderdale show, which starts Thursday.

The study was commissioned by the Palm Beach County chapter of the Marine Industries Association. The association released it Tuesday and the trade group has plans to increase support for expanding the show. The largest show of support would be to dredge the Intracoastal Waterway to a depth that would allow superyachts to attend.

The study “demonstrates we’re far more than a festival of fancy boats for people to look at,” said Jim Bronstien, owner of Marine Business Advisors and board member of the Tourist Development Council, told the Palm Beach Post.

Larger yachts — megayachts and superyachts that start at 80 feet and go to more than 200 — are a growing trend in the industry and there is a demand for them in Palm Beach County. Bringing them in would have a “massive” effect, said Mike Anthiel, the association’s executive director.

The marine industry has a $2 billion impact on the county annually, the association says. And the boat show is one of the biggest events, with 900 boats this year — 425 in the water — and 464 total exhibitors.

Participants displayed more than $1.2 billion and sold $125 million worth of boats and marine products at the show in March. Fort Lauderdale’s show expects to have more than double that on display, starting Thursday.

Click here for the full report.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Did 2014 meet your sales expectations?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password