Palm Beach Boat Show Generates $1B for Florida
Published on August 18, 2022
The 2022 Palm Beach International Boat Show generated over $1 billion for the state of Florida and cemented its position as one of the most impactful boat shows in the country for another year. The event, which took place March 24-27 along Flagler Drive’s waterfront, was a testament to the continued demand for the latest boating and yachting products that have been highly sought after since 2020.
Key figures from the 2022 economic impact report, which was published and conducted by Thomas J. Murray & Associates, show:
- The 2022 Palm Beach International Boat Show generated an estimated $1.05 billion in economic impact throughout the state of Florida, resulting from marine industry sales and travel/entertainment expenditures by Boat Show exhibitors and attendees
- 6,000 full-time and part-time jobs were generated throughout Florida, and are associated with a state-wide 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 state-wide because of the Boat Show were an estimated $51.86 million
With respect to the tourism industry, the 40th Annual Palm Beach International Boat Show boasted:
- 55,000 visitors attended the Boat Show
- 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
The latest economic figures from the Palm Beach International Boat Show come on the heels of the results generated by the 2022 Discover Boating Miami International Boat Show and the 2021 Fort Lauderdale International Boat Show, which contributed over $2 billion to the state economy. The shows are all produced by Informa Markets.
The 41st edition of the Palm Beach International Boat Show is slated for March 23 to 26, 2023.
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