23 Mar 2012
Palm Beach opens and may be joined by new US yacht shows
The Palm Beach International Boat Show (PBIBS) opened its doors for business yesterday with an unprecedented number of superyachts on display for the event, now in its 27th year. The in-water show has a mixture of yachts on display, for both charter and sale, and ranging in size from smaller RIBS and fishing boats up to the 61m Benetti M/Y Diamonds Are Forever, launched in late 2011, arriving at the docks today. The largest yacht to have ever displayed here, she will sit alongside many of the bigger yachts on display in the new Palm Harbour Marina, which has extended the show by 40 slips to the north end.
The last of the major shows of the season before the summer heat engulfs Florida, PBIBS has a footfall of about 50,000, bringing an economic injection of $75m to the city. Although there are fewer visitors than other yacht shows in Florida, PBIBS has a reputation for serious potential buyers attending, whether from the neighbouring Palm Beach island, from other parts of Florida, or the rest of the US.
Yesterday, before the official opening of the show, the mayor of the City of West Palm Beach, Hon. Jeri Muoio, spoke of the drive from the marine industry as well as local representatives to turn West Palm Beach into a world-class marine city similar to Monaco or Barcelona.
The current economic impact of the marine industry to Palm Beach is $2bn, said Mike Antheil, the executive director of the Marine Industries Association of Palm Beach County, which increases to $19bn at a Florida-wide level.
In addition to the yachts on display, there are 500 PBIBS exhibitors along the waterfront, nestled among the palm trees and in a large tent situated at the bottom of the main throng of Clematis Street; the show has a more intimate feel than the much more expansive equivalents held in Fort Lauderdale in October and Miami in February.
All three shows are run by Show Management, and each has a different audience and niche. PBIBS has a fraction of the value of yachts and accessories on display at the Fort Lauderdale International Boat Show (FLIBS), at $350m compared with $3bn, but it has been gaining momentum in recent years.
Just before the opening of the show, SuperyachtNews.com spoke with Efrem "Skip" Zimbalist III, CEO of Show Management, about the momentum and focus of the major three Florida yacht shows in the company's stable, as well as future plans for expansion elsewhere:
"If you look at our three big shows, Fort Lauderdale is the international show with two focuses, both to sell boats and a business-to-business focus like at METS in Holland. Miami show is particularly strong in drawing audiences from Central and South America. Palm Beach is very strong for US buyers, with an increasing number of international buyers.
"A lot of Fortune 500 CEOs have houses here and people who own superyachts love to come to the area for its beauty and cultural activities; there are marinas and shipyard facilities as well as great restaurants and hotels. It is gathering momentum as a marine destination.
"At FLIBS 2011 we had 200 boats of 80 feet and up, at Palm Beach this year we have 140. Most of the major European or international superyacht buyers do just one show in the US, which is FLIBS. We are working to encourage them to come to Palm Beach and Miami too. We would love to see more European yards at more US shows.
"We are actively looking to introduce more shows to the US, moving north. Our specialty is in-water shows and we are looking for great marinas where there are great audiences and the infrastructure around to attract visitors. We are looking to the north-east and we are also looking to the south, to Central and South America.
"We are close to starting a show in Central America in the next year or so. The drive is from the manufacturers telling us that they are doing a lot of business in that region and there are a large number of customers who, either for the size of boat or their preference, would rather have a local show; those buying yachts of 50 or 60 feet, prefer to buy them in their home market rather than ship them over."
Add a comment
Other Events News
On day two delegates split into four workshop groups so they could dissect specific areas of the industry in order to map out an intelligent road to change. The machinery group concluded that the industry may be over-complicating engineering process More
The second day of the American Superyacht Forum 2013 divided delegates into four workshop groups so that they could dissect specific areas of the industry and identify the problems in order to map out an intelligent road to change. In this marketing More
The second day of the American Superyacht Forum 2013 divided delegates into four workshop groups so that they could dissect specific areas of the industry and identify the problems in order to map out an intelligent road to change. More
The second day of the American Superyacht Forum 2013 divided delegates into four workshop groups so that they could dissect specific areas of the industry and identify the problem areas in order to map out an intelligent road to change. The first shipyard More
- SuperyachtDESIGN Week programme unveiled
- Good start for first Palma Superyacht Brokerage & Charter Show
- ASF 2013: Designers say America needs to find its own style
- Industry Leaders in Las Vegas - starts on Tuesday
- American Superyacht Forum 2013 begins with some home truths
- ASF 2013: The Quest for New Blood
Superyacht Intelligence Data
Most Recent Comments
- American Superyacht Forum brochure released More
- Management Meeting dissects intricacies of MLC More
- Register for The Crew Report's 'Managing Relationships' seminar More
- Global Superyacht Forum concludes with vision of the future More
- New wave of sponsors join us for the American Superyacht Forum 2013 More
Helkama Bica Oy
Helkama is specializing in development and production of marine and offshore cables. Our experience in this field goes back more than thirty years. We produce only halogen free cables and the cable range include both flame-retardant and fire resistant cables. Helkama marine cables are approved by all major classification societies.
Reckmann Yacht Equipment GmbH
Reckmann Yacht Equipment GmbH is a specialist company for reefing systems, masts and hydraulics and will celebrate the 120th anniversary in 2012. Today, the company is one of the leading producers and traders of headsail reefing equipment and is a synonym for quality, continuity and innovation.
ASEA POWER SYSTEMS
ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.
Nautic Crew International, Inc.
Nautic Crew Intl is a Crew placement company started by yachting professionals that truly care about your future crew because we understand the dynamics of life onboard. When it comes to hiring new crew or looking for a position, Experience the Difference!!
For 40 years Pantaenius has been providing yacht insurance to yacht owners all over the world.
Bond TM is an independent consultancy company for AV, IT, communication, navigation and security systems. We manage new builds and refits projects for the most advanced super yachts and provide to the industry the best 24/7 IT support.