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Boating Industry Shows No Signs of Slowing Down

COVID-19 did little to slow the progress of the boating sales industry since rebounding from the Great Recession over 10 years ago. In fact, new boat transactions hit a 13-year high of 318,550 sales in 2020, according to the National Marine Manufacturers Association (NMMA), which estimates an annual economic impact of $23.3 billion in Florida, the highest of any state.

“New boat sales continued to be elevated through the latter part of 2020, up 40% September through December from 2019, an indication that consumers are snatching up boats as soon as they’re coming off the production line. This heightened demand for new boats amounted to a record year in sales for the recreational boating industry as Americans sought ways to spend time on the water with their loved ones,” says Vicky Yu, NMMA director of business intelligence.

In 2010, sales totaled less than 178,000 boats sold in the U.S. but began to rebound two years later and produced 286,000 sales in 2018. Aquila Power Catamarans launched its Aquila 70 Luxury and Aquila 54 Yacht vessels earlier this year. The rollouts were part of the brand’s strategy to capitalize on the industry’s growth, with MarineMax Pompano Yacht Center serving as one of its certified Aquila Power Catamaran dealers in South Florida.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.