Miami Boat Show Provides Strong Economic Boost to Florida

According to a new economic impact report conducted by Thomas J. Murray & Associates, the 2022 Discover Boating® Miami International Boat Show® generated more than $955 million, created over 5,000 jobs, and attracted 100,000 visitors during its five-day run over Presidents Day Weekend.  The show is a joint production from Informa Markets, the National Marine Manufacturers Association (NMMA), and the International Yacht Brokers Association (IYBA),                                        

Key figures from the 2022 economic impact report include:

• The 2022 Discover Boating Miami International Boat Show generated an estimated $955.6 million in economic impact throughout the state of Florida, resulting from marine industry sales and travel/entertainment expenditures by Boat Show exhibitors and attendees
• 5,000 full-time and part-time jobs throughout Florida, associated with a state-wide personal income impact output of $315 million
• Total estimated sales for exhibitors during the Boat Show reached $642 million
• Total sales and local taxes generated state-wide because of the Boat Show were an estimated $49.07 million

The Discover Boating Miami International Boat Show also provides a direct boost to Florida’s tourism and travel industry:

• 100,000 visitors attended the Boat Show
• 41% of the visitors were from out of state
• The average expenditure by out-of-town visitors (hotels, restaurants, entertainment, transportation, etc.) at the Boat Show was $321 per day
• Overall local expenditures from out-of-town visitors (guests & exhibitors) totaled an estimated $42.9 million

The economic impact of the 2022 Discover Boating Miami International Boat Show is reflective of the demand for recreational boating and yachting over the past two years as well as growing interest in outdoor recreation.