Study supports expansion of Palm Beach show

Author:
Updated:
Original:

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.

Related

NOAA to Outline Reef Restoration

The agency’s Mission: Iconic Reefs project aims to restore more than 3 million square feet of coral in the Florida Keys National Marine Sanctuary.

Virtual Premieres

Sunseeker will livestream the debuts of five models during the next few weeks, starting today with the Manhattan 55 and Predator 55 EVO.

QMI-Multiflex Partners With Rep Firm

William F. Miller and Associates will represent the OEM supplier in the South and Midwest.

ABYC Foundation Seeks Nominations for Educator Award

The award recognizes “an outstanding instructor who is shaping future marine service technicians.”

P.R. Firm Rushton Gregory Signs ePropulsion

The Chinese manufacturer of electric propulsion products introduced a standardized lineup earlier this year.

Dometic Updates Pro-Trim System

The new design allows boaters to trim the outboard and adjust the jack plate without removing their hands from the wheel.

Brunswick Partners with Carnegie Robotics

Through the alliance, Brunswick aims to enhance its autonomous technology offerings.