This year’s Palm Beach International Boat Show generated more than $1 billion in economic impact for the state of Florida, according to a consultants’ report.
The economic impact report by Thomas J. Murray & Associates said the March 24-27 show was directly associated with 6,000 jobs and 55,000 visitors, organizers Informa Markets said in a statement.
The 2022 event marked the 40th anniversary of the show. Exhibitor sales reached $725 million. The personal-income impact on workers was $342.3 million, the statement said. Sales taxes and other local taxes were approximately $51.9 million.
The report said 36 percent of the visitors were from outside the tri-county region, with the average out-of-town visitor spending $288 per day. The overall expenditure from out-of-town guests was $22.8 million.
“This year’s boat show secured its spot as an economic powerhouse for the state of Florida,” said Austin Burkett, president of the Marine Industries Association of Palm Beach County board of directors.
Next year’s Palm Beach show is scheduled for March 23-26.