fbpx

Fort Lauderdale Yacht Firm Predicts Strong Economic Future in 2021

After positive Q1 results in 2021, IYC, a leading yacht firm in Fort Lauderdale, is reporting sales have increased over pre-pandemic earnings. With the yachting industry showing its strongest growth in the last four years, the rebound of yachting businesses involves more than just good timing and increased travel.

“With the pandemic, yachts are the safest bubble for vacation and travel,” says Mark Elliott, IYC sales and charter consultant. “Whether chartering or owning, people realized they can control their environment with the yacht and crew while traveling in total comfort.”

After selling 19 yachts over 24 meters in size during the first economic quarter of 2021, IYC is fully staffed and anticipating even more growth for the rest of 2021. IYC also indicated sales in the yacht brokerage market has increased 152% in March alone.

With the summer sailing season nearing and COVID-19 vaccines increasing, IYC sees a growth it can capitalize on and is opening an office in California later this year.

The annual economic impact from the boating industry in Florida is estimated at $23.3 billion, according to the National Marine Manufacturers Association.

 

You May Also Like

Yacht Controller System to Debut at Miami International Boat Show

The Yacht Group plans to make a splash at the 2023 Discover Boating™ Miami International Boat Show in February with the debut of its Yacht Controller Maximo™ and Yacht Controller Supremo™

Yacht Haven Park and Marina in Fort Lauderdale Undergoes Luxurious Upgrades and Renovations

Yacht Haven Park and Marina in Fort Lauderdale recently underwent numerous luxurious renovations and upgrades to transform into one of the nation’s premier motorcoach and yachting destinations. The luxury motorcoach and

Fort Lauderdale International Boat Show Returns for 63rd Edition

The 63rd Fort Lauderdale International Boat Show (FLIBS) will take place across five days at seven locations in Broward, including the Broward County Convention Center (BCCC) and the Bahia Mar Yachting Center. The yearly show,

Report Reveals 2022 Palm Beach International Boat Show Generated Over $700 Million in Sales

Exhibitors at the 40th Palm Beach International Boat Show of the show brought in $725 million in sales, according to an economic impact report conducted by Thomas J. Murray &

Other Posts

Miami International Boat Show Generated Over $955 Million in 2022

In February, the 2022 Discover Boating® Miami International Boat Show® helped cement its status as a critical economic engine and tourism booster for Florida after the show’s producers revealed vast

Boatsetter Aims to Bring Yachting to the Masses

“Boating is one of those experiences everyone should be able to have,” says Jaclyn Baumgarten, CEO and co-founder of the online marketplace Boatsetter. So, in an effort to share her

Sea Tow Forecasts Summer Boating Trends From Annual Member Survey

To help gauge how boaters feel about recent trends in the marine industry and how fuel prices impact their boating habits, Sea Tow released its Spring 2022 findings from its annual member

Informa Markets Expands Corporate Sustainability Efforts in South Florida

Informa Markets’ commitment to producing some of South Florida’s top boating and yachting events also extends to conservation efforts to help strengthen and protect Florida’s natural resources and marine life. Informa

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.