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Study: FLIBS Has $857 Million Economic Impact

July 15, 2016 1:34 pm

The 56th annual Fort Lauderdale International Boat Show injected a whopping $857 million into the state’s economy, a new study has found. 

The Marine Industries Association of South Florida, which owns FLIBS, and Show Management, which produces it, announced the results this week of an economic impact study conducted by Thomas J. Murray & Associates with the University of Florida.

“The continued growth and strength of the Fort Lauderdale International Boat Show, the largest boat show in the world and the largest single event in the state of Florida, is only possible because of the coordinated effort of the entire community,” said Efrem “Skip” Zimbalist III, president of Show Management.

FLIBS Fort Lauderdale International Boat Show

“The economic impact of FLIBS dwarfs a Super Bowl, and it happens year after year – contributing to the sustainability of 136,000 marine industry jobs and $11.5 billion to the economy in the region,” said Phil Purcell, executive director of MIASF, which is based in Fort Lauderdale. “Since 1961 FLIBS has consistently provided the critical economic certainty and job growth that our community and state want and need.”

Major FLIBS financial contributions during a five-day period also include:

  • $508.3 million in total sales by FLIBS participants
  • $380.8 million in estimated sales by Florida companies, of which $240.7 million was contributed by the tri-county area and $131.5 million by Broward County
  • $51.2 million in sales and excise taxes, with $16.9 million in Broward County alone
  • $304.3 million in statewide personal income and economic activity
  • An average expenditure of $208 per day by out-of-town visitor (hotels, restaurants, retail spending, local transportation)
  • $29.6 million in non-local visitor expenditures

FLIBS 3 1100

The 57th annual Fort Lauderdale International Boat Show is set to take place November 3-7 at the Bahia Mar Fort Lauderdale Beach Hotel & Yachting Center, the Hall of Fame Marina, Las Olas Municipal Marina, Hilton Fort Lauderdale Marina, Sails Marina, Hyatt Regency Pier 66 Marina and the Greater Fort Lauderdale/Broward County Convention Center.

The world’s largest in-water boat show, FLIBS covers nearly 1,500 boats displayed across more than 3 million square feet of exhibit space. The show draws approximately 1,000 exhibitors from more than 30 countries that display an amazing array of marine products and accessories, from astonishing superyachts, fishing boats, runabouts and boats for every budget, to fishing gear, marine art, jewelry and more, all valued at more than $4 billion.

For more information, contact Denison Yacht Sales.

Sales@denisonyachtsales.com 

+1 954.763.3971

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