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By: MIASF Staff

Date posted: Mar 02, 2022 Wed

At the 62nd Annual Fort Lauderdale International Boat Show in October 2021, the energy on the docks was electric and transcended throughout the entire show and all its sites and exhibitors. Together with our partner, Informa Markets, we commissioned Thomas J. Murray & Associates to conduct an economic impact study of the show just as he did for FLIBS in 2019. The results of this study are record-breaking.
 
In the study, it was revealed that FLIBS 2021 contributed an incredible $1.79 billion to Florida’s economy. This massive number is driven by the $899 million of direct sales that took place over the five days of the show ($179.8 million per day). Additionally, the show generated $85.8  million in sales tax benefit to the state of Florida, $24.5 million (29%) going to Broward County alone. These unprecedented results solidify the importance of FLIBS to our community, industry, and state as a reliable economic driver. Additional FLIBS economic impact highlights include:
 

• $1.79 billion in economic output throughout the state of Florida through show purchases and expenditures
• $709.7 million in estimated sales by Florida companies during the show, with $513.9 million made by Tri-County companies, and $233.9 million by Broward County companies
• $85.8 million in state and local taxes generated within Florida, with $24.5 million in Broward County alone.
• $580.4 million in statewide personal income and economic activity.
• 100,000+ show visitors, with 49% of visitors from outside Florida
• $241 per day average spend by out-of-town visitors (hotels, restaurants, retail, and local transportation).
• $47.3 million in estimated total expenditures by non-local visitors and exhibitors.
   
  You can read the complete report here.