Whom You Know: Take a Trip to Florida Peachy Ahoy: Marine Industry Sees Reasons for Optimism at the 27th Annual Palm Beach International Boat Show

Monday, March 26, 2012

Take a Trip to Florida Peachy Ahoy: Marine Industry Sees Reasons for Optimism at the 27th Annual Palm Beach International Boat Show

Marine Industry Sees Reasons for Optimism at

the 27th Annual Palm Beach International Boat Show

HMY Yachts, the show's largest exhibitor, reports strong buyer interest

There are signs at the Palm Beach International Boat Show, taking place this weekend along the waterfront on scenic Flagler Drive in West Palm Beach, 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, is up 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. After two days, many exhibitors are reporting 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 is HMY Yachts, which brought 59 boats to the Palm Beach show, 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.

"We are confident in the strength and stature of the Palm Beach International Boat Show to bring qualified customers," said Steve Moynihan, owner of HMY Yachts. "This year's expansion into Palm Harbor Marina gave us the opportunity to bring more boats than ever before and increase the number of large yachts in our display."

HMY Yachts, founded 33 years ago, is one of the largest and most comprehensive yacht sales and service organizations in the world, doing business globally from 10 strategically located waterfront facilities covering the southeastern seaboard from the Florida Keys to South Carolina.

"HMY's presence in the show with 59 boats is a significant vote of confidence in the resurgence of the market and in the Palm Beach International Boat Show," said Efrem "Skip" Zimbalist III, CEO of Show Management. "I see it as an encouraging sign for the industry's future."

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.

The boat show is open from 10 a.m. to 7 p.m. on Saturday, March 24, and from 10 a.m. to 6 p.m. on Sunday, March 25. For more information, visit showmanagement.com.

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ABOUT THE PALM BEACH INTERNATIONAL BOAT SHOW:

The Palm Beach International Boat Show is owned and sponsored by Marine Industries Association of Palm Beach County, Inc. (MIAPBC), presented by Lincoln and Palm Harbor Marina, and sponsored by Pioneer Linens, Rums of Puerto Rico, Yachts International, BoatQuest.com, The Palm Beach Post, Budweiser, TrawlerPort, Enterprise Rent-A-Car, the Florida Lottery, Hook the Future, IGFA School of Sportfishing, Smallwood's, Power & Motoryacht, and BoatShowHotels.com. The Palm Beach International Boat Show is managed and produced by Show Management. Show Management is the world's leading boat show company and produces the world famous Fort Lauderdale International Boat Show®, The Yacht & Brokerage Show in Miami Beach, The Palm Beach International Boat Show, The St. Petersburg Power & Sailboat Show and the Suncoast Boat Show in Sarasota. For more information, call (954) 764-7642 or (800) 940-7642, or visitShowManagement.com. Like the Palm Beach International Boat Show at facebook.com/PalmBeachInternationalBoatShow, follow the show at twitter.com/boatshowupdates, and tune into Boat Show TV at youtube.com/showmanagement.

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