Survey Trends Show Increases in Occupancy Rates, Gross Profits and Expenses

Editor’s Note: These trends represent the annual industry survey results, sent out to marinas and boatyards from 2009 to 2017. Each year, Marina Dock Age magazine also publishes the Trends Report in December. We update each statistic for that year and add new trends each year. Here, we have a selection of old statistics (occupancy rate, gross profit and expenses), and some new trend statistics on additional product service revenues.

Occupancy Rate

The number of facilities reporting increased occupancy rates for 2017, compared to the year before, dropped significantly this year, but continues on a upward trend from 2009. The number of facilities reporting decreased occupancy rates is all steadily decreasing since 2011. Those with steady rates show fairly steady numbers since 2010. See Fig. 1.

Gross Profit

The number of facilities reporting increased gross profits, compared to the year before, declined slightly this year, but still up considerably from 2010. There was also a similar increase in the number of facilities reporting decreased gross profits, compared to the year before. See Fig. 2.

Expenses

The number of facilities reporting increased expenses jumped again this year, compared to the year before. The number of facilities reporting decreases expenses also continues to decline. See Fig. 3.

Product/Service Revenues

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New this year is a continuation of revenues trends for different products and services from 2011 to 2017. This year, we look at moorings, launch ramp, restaurant, ship store, haul-out/winterization services, pumpout and water toy rental. For more on other product/service revenue trends (leased slips, transient slip, dry storage, fuel, boat repair/maintenance, new boat sales, boat rental and boat club), see the new full Trends Report online.

The majority of facilities in nearly all the new product and service categories report steady profits with some slight variations in restaurant and water toy revenues. All products and services also reported a minority of facilities with decreased revenues, compared to the year before.