The 58th annual Fort Lauderdale International Boat Show (FLIBS) hit town on November 5th, with promises of delivering the “biggest and best edition” of the annual event yet.
That promise was kept and then some! The final count is in, and attendance was up 7% from last year. On November 14th, Informa Exhibitions, the organizers of the show announced that FLIBS 2017, which ran from November 1-5 across seven locations in Fort Lauderdale, attracted 105,000 visitors — an increase of 7 percent over FLIBS 2016. The announcement came in a company press release, where Andrew Doole, Informa’s vice president and general manager, said, “Excellent weather, a robust economy, realigned marketing efforts and a huge selection of new product offerings brought energetic crowds to the docks and exhibits daily.” The release also indicated that those visitors came from “more than 50 countries worldwide.”
“The Fort Lauderdale International Boat Show went really well, [the attendance] was particularly impressive given the limited amount of time we had to pull the event together after the destruction caused by Hurricane Irma,” concluded Informa’s finance director, Gareth Wright.
Charlie McCurdy, CEO of Informa Exhibitions added, “The show grew in terms of both boats on offer and attendance and perhaps most importantly, business was brisk by all accounts.”
Speaking to the press, McCurdy continued, “The superyacht market is built upon the wealth market. Currently, the US appears to be in a new era of wealth creation, which is both benefiting from and contributing to a robust US economy.” He went on to describe the wise decision it was for Informa to acquire one of the world’s premier boating events. “The superyacht market is a highly attractive global marketplace, and Informa Exhibitions has a strategy of supporting healthy commercial activity in sectors that operate on a global scale. “By bringing Show Management into our portfolio alongside our presence in Monaco, we can now support the industry in two of its most important areas of commercial activity.”
The words of the Informa executives certainly echo our own experiences at 2017 Ft. Lauderdale International Boat show. Besides the physical improvements made by the show organizers – $7 million worth of enhancements were made including upgrades to docks, electrical equipment, signage and navigational aids and exhibition flooring – one big difference this year was the show running from Wednesday till Sunday, instead of Thursday through Sunday as in years past. That new format seemed to have increased traffic for us, as well as for all of the exhibitors at the show. The weather couldn’t have been better, and many people seemed to want to take advantage of the extended days. In fact, Wednesday and Thursday were surprisingly heavy traffic days. We also found, that there was a much greater number of serious and qualified buyers at the boat show this year, many who came with insurance checks in hand to replaced damaged boats or equipment due to Hurricane Irma.
“Overall, we consider the show a big success. I think we had a great show,” said Mike Carlson, Co-Founder and CEO of Florida Yacht Management. We had a lot of traffic, and a lot of interest from qualified buyers. We have already had a few post show follow-up viewings of several of the yachts we had on display, and it would not surprise me, if in the next few weeks, we had at least three or four deals from leads we obtained at the show.”
Charter Ownership in South Florida
As home to FLIBS, one of the world’s premier boating events, Ft. Lauderdale, and indeed all of South Florida, is not only a great place to enjoy yacht ownership, it is also the ideal location to offset your costs with a yacht charter income program. With all Ft. Lauderdale and the surrounding areas have to offer to boat owners and boating enthusiasts, it is an extremely popular destination for daily or long term yacht charters. If you have always dreamed about owning a luxury motor yacht in Ft. Lauderdale, let our On Demand Yachting solution, and Charter Income Programs show you just how easy, and hassle free it could be!
Operating a motor yacht can be costly. You can reduce your expenses, and avoid costly repairs by keeping her well maintained. On Demand yachting from FYM can help. If you would like to learn more, or if you have any questions or comments about this blog post, do not hesitate to contact our Yacht Management specialists, or call us at (954) 900-9968.
FLIBS Images Courtesy Show Management
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