Survey says economy won't deter boat use

Author:
Updated:
Original:

In a recent BoatU.S. membership survey, 96 percent of respondents said the economic downturn would not lead them to "stop using their boat this summer."

"Last summer, high fuel prices kept some boaters off the water," Nancy Michelman, BoatU.S. president, in a statement. "But this year, despite the economy, our members are largely optimistic and are determined to make good use of their boats."

The survey also found:

* 52 percent reported they are not changing the way they use their boat, compared to last summer.

* If this summer's gas prices are lower than last summer's, 39 percent said they expect to go boating more often.

* Only 1 percent of respondents say they would not boat this year.

* Some changes in the way respondents plan to use their boat this summer include: reducing cruising distances or selecting boating destinations closer to home (24 percent); reducing the number of boating trips/days (17 percent); spending more time anchored out (17 percent); spending more time at their home marina (13 percent); running the motor less (13 percent) and sharing costs (10 percent).

* Independence Day is by far the favorite summer boating holiday (49 [percent).

The National Marine Manufacturers Association reports there were an estimated 70 million Americans who went boating in 2008, a 5 percent increase from 2007, despite the recession and higher gas prices.

With gas prices currently hovering at around $2.50 per gallon, much lower than last year's nearly $4 per gallon, the industry expects this summer to be one of the busiest, with boaters taking to the water in record numbers.

"We anticipate Americans cutting down on out-of-town vacations this summer, but still looking for ways to afford the activities and hobbies they love - for those who love the water we want to make sure they know how to access the boating lifestyle at all price points," NMMA spokeswoman Ellen Hopkins said in a statement.

Related

STAR BRITE DEBUTS NEW MARINE DESCALING FLUID

Star brite introduces Marine Descaling Fluid—a powerful, easy way to descale raw water-cooled systems using recirculation. It saves time, energy, and a lot of headache, allowing for a faster, cost-effective return-to-service for equipment.

NAW Elects 2021 Officers

Michael Medart of Medart Engine and Marine takes the helm as chairman of the National Association of Wholesaler-Distributors board.

Caterpillar Names Global Manager

Alex Berg will lead the manufacturer’s pleasure craft and yachting segment.

Nearly 320K Boats Sold in 2020

NMMA says new-boat sales are at their highest level in 12 years, with all powerboat segments up 8 to 22 percent.

‘Injection of Capital’ for Cox Powertrain

The British company said it will use the $16.7 million to expand operations and ramp up production of its CXO300 diesel outboard.

Groupe Beneteau Releases Preliminary 2020 Financials

Revenues were down 15.1 percent for the 16-month period that ended Dec. 31. A full report is due next month.

A Modern Twist on Word of Mouth

The supercharged power of user-generated content.