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Palm Beach 2022 Trade Show Reports $1 Billion Economic Impact

The 2022 Palm Beach International Boat Show has taken the yachting and boating industry by storm, generating over $1 billion for the State of Florida. The event, which took place March 24-27 along the Flagler Drive waterfront, is a testament to the continued demand for the latest, highly sought after boating and pleasure craft products since 2020.

“We are beyond thrilled with the results of this year’s Palm Beach International Boat Show,” said Andrew Doole, President of the US Boat Show with Informa Markets and event producer. “We could not have asked for a better presentation in this landmark year for the event, and we are grateful to our partners at the Marine Industries Association of Palm Beach County, Mayor James of the City of West Palm Beach and the entire Informa staff for working together to make this event a huge success for our industry and the region.

Key figures from the 2022 Economic Impact Report, which was published and produced by Thomas J. Murray & Associates, show that:

  • The 2022 Palm Beach International Boat Show generated an estimated $1.05 billion in economic impact across the State of Florida, resulting from marine industry sales and travel/entertainment spending by exhibitors and attendees from the boat show
  • 6,000 full-time and part-time jobs were created across Florida and are associated with a statewide personal income impact of $342.3 million
  • Total estimated sales for exhibitors during the boat show reached $725 million
  • The total sales and local taxes generated statewide due to the boat show were estimated at $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,” said the Mayor of the City of West Palm. Beach, Keith James. “We are incredibly fortunate to be working 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. “

As for the tourism industry, the 40th Annual Palm Beach International Boat boasted:

  • 55,000 visitors attended the Boat Show
  • 36% of visitors were from outside the Tri-County area
  • The average out-of-town visitor spend (hotels, restaurants, entertainment, transportation, etc.) at the boat show was $288 per day
  • Overall local spending by out-of-town visitors (guests and exhibitors) totaled approximately $22.8 million

“The Palm Beach International Boat Show showcases the greatest in yachting and yachting, providing an exceptional weekend for marine enthusiasts and luxury connoisseurs alike,” said Austin Burkett, chairman of the board. administration of the Marine Industries Association of Palm Beach County. “This year’s boat show has secured its place as the economic engine of the state of Florida, and we look forward to welcoming exhibitors and attendees back to downtown West Palm Beach in early 2023. “

The latest economic numbers from the Palm Beach International Boat Show follow the impressive results generated by the 2022 Discover Boating Miami International Boat Show and the 2021 Fort Lauderdale International Boat Show, which contributed more than $2 billion to the economy of the State.

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

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