Yacht Business Improves – Boat Show Retrospective

Press Release
Thursday, April 12, 2012
Photo courtesy of Show Management

Show Management believes turnaround in yachting business has begun from evidence of recent Palm Beach International Boat Show

There were signs at the recent Palm Beach International Boat Show that the much anticipated turnaround of the yachting industry has begun.  Compared to 2011, attendance was up 12 percent cumulatively the first two days of the four-day show. Show Management, the company which produces the boat show, reported more boats on display in several categories this year, including a 35 percent increase in yachts over 100 feet and 29 percent more yachts in the 80 to 100 foot range. 

Another criterion, exhibitor revenue, increased 5 percent, according to Show Management. This year’s show added 40 mega-yacht slips at Palm Harbor Marina at the show’s north end to accommodate growing interest in larger yachts. Many exhibitors reported news of sales and the overall observation that confident and qualified buyers have returned in greater numbers than the past several years.

The yachting company with the largest display was HMY Yachts, which brought 59 boats to the event, the largest number of boats by one exhibitor in Show Management’s history of producing boat shows. Ranging in size from 31 to 162 feet, the boats in HMY’s display are priced from $150,000 to $36.9 million.   

The Palm Beach International Boat Show is owned and sponsored by the Marine Industries Association of Palm Beach County, Inc. (MIAPBC), and managed and produced by Show Management, the world’s leading boat show company.   

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Newport News, ODU Partner for Bachelor's Degree Program

Huntington Ingalls Industries (HII) announced today that apprentices at Newport News Shipbuilding will now have the opportunity to earn a bachelor of science degree

Euronav Posts 62% Core Profit Increase

Belgian crude oil shipping group Euronav on Wednesday unveiled a 62 percent rise in first-quarter core profit as daily rates for its fleet rebounded from last year.

Modern Solutions Power Systems Conference

Thomas Alva Edison, who is considered to be one of the most prolific inventors in history, once said, “I find out what the world needs. Then I go ahead and try to invent it.

Finance

Euronav Posts 62% Core Profit Increase

Belgian crude oil shipping group Euronav on Wednesday unveiled a 62 percent rise in first-quarter core profit as daily rates for its fleet rebounded from last year.

CNR: Innovation Maintains US Naval Advantages

An interview with Rear Adm. Matt Klunder, U.S. Navy Chief of Naval Research What are your near term, mid-term and long term science and technology (S&T) objectives?

BIMCO: Positive Economic Developments Benefits Shipping

The recovery of the Eurozone continues as job creation returns across the region. The hiring of more staff indicates that manufacturing and service industries believes

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0973 sec (10 req/sec)