fbpx

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 & Associates. The event, which took place in March along Flagler Drive’s waterfront, generated over $1 billion in Florida, resulting from marine industry sales and travel/entertainment expenditures by Boat Show exhibitors and attendees.

“We are beyond thrilled by the results coming out of this year’s Palm Beach International Boat Show,” Andrew Doole says, president of U.S. Boat Show with Informa Markets and producer of the event. “We could not have asked for a better showing during this milestone year for the event, and we are grateful to our partners at the Marine Industries Association of Palm Beach County, City of West Palm Beach Mayor James, and the entire Informa staff for their collaboration to make this event a massive success for our industry and the region.”

Other important figures from the 2022 economic impact report revealed that:

  • 36% of the visitors were from outside the Tri-County region 
  • The average expenditure by out-of-town visitors (hotels, restaurants, entertainment, transportation, etc.) at the Boat Show was $288 per day.  
  • Overall local expenditures from out-of-town visitors (guests & exhibitors) totaled an estimated $22.8 million.
  • 6,000 full-time and part-time jobs were generated throughout Florida and are associated with a statewide personal income impact output of $342.3 million
  • Total estimated sales for exhibitors during the Boat Show reached $725 million
  • Total sales and local taxes generated statewide because of the Boat Show were an estimated $51.86 million

 

“The Palm Beach International Boat Show has shown time and time again what makes West Palm Beach a special and unique destination for the global boating and yachting community,” West Palm Beach Mayor Keith James says. “We are incredibly fortunate to work alongside Informa Markets and the Marine Industries Association of Palm Beach County to make this show a complete success, especially for our statewide economy and tourism sector.”

Along with the Palm Beach International Boat Show, the 2022 Discover Boating Miami International Boat Show and the 2021 Fort Lauderdale International Boat Show, all produced by Informa Markets, contributed over $2 billion to the state economy. 

“The Palm Beach International Boat show showcases the greatest in boating and yachting, providing an exceptional weekend for marine enthusiasts and luxury connoisseurs,” Austin Burkett says, president of the Marine Industries Association of Palm Beach County Board of Directors. “This year’s Boat Show secured its spot as an economic powerhouse for the state of Florida, and we look forward to welcoming back exhibitors and attendees to downtown West Palm Beach in early 2023.”

The 41st edition of the Palm Beach International Boat Show is slated for March 23-March 26, 2023. For more information, please visit www.PBBoatshow.com

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,

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

Other Posts

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

OneWater Marine Finalizes Acquisition of Denison Yachting

One of South Florida’s premier yacht broker companies was recently acquired by OneWater Marine Inc. (NASDAQ: ONEW) with the purchase of Denison Yachting. The acquisition of Denison Yachting will help increase the

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.