News - Economic Impact Study for FLIBS 60th Anniversary
By: MIASF Staff
Date posted: May 27, 2020 Wed
Following the 60th Annual Fort Lauderdale International Boat Show (FLIBS), held October 30th through November 3rd, 2019, Thomas J. Murray and Associates, Inc. conducted a study on the economic impact of the world’s largest in-water boat show. The Marine Industries Association of South Florida (MIASF), owners of the show, and Informa Markets U.S. Boat Shows, producers of the show, released the impressive results of the now completed study this week.
The major findings in the report indicate FLIBS generated $1.3 billion in economic output throughout the state of Florida. That number is up from $857 million from the previous study conducted in 2015. Other increases include total sales of $715.4 million, up from $508 million, or more than $143 million in direct sales per day of the five-day show.
Other highlights in the study include:
• sales and excise taxes of $69 million in Florida, with $20.7 million occurring in Broward County (up from $51.2 million in taxes, with $16.9 million in Broward County)
• 61% of nearly 100,000 visitors came from outside the region, 49% were from outside Florida, and 10% were from outside the U.S. (up from 58%, 54%, and 10%, respectively)
• visitors spent an average of $226 per day and were responsible for more than 72,000 room nights in local hotels (up from an average of $208 per day and 69,000 room nights)
• more than 8,000 full-time jobs are associated with the show and exhibitors expended $13.1 million in exhibit space and local goods and services (up from 6,000 jobs and $12.9 million in exhibitor expenditures)
• More than 200 vessels of 80’ or greater were displayed
The latest FLIBS economic report can be found by visiting www.miasf.org and clicking on Library in the upper righthand corner.