Palm Beach boat show surpasses Monaco's yacht event in attendance and economic impact

In March 2025, the 43rd Palm Beach International Boat Show (PBIBS) took place in Palm Beach, Florida, from March 21 to 24. This year's show marked a significant expansion, extending its duration to five days for the first time, compared to the usual three-day format. The event showcased a total of 1,000 boats, including 80 debut yachts, and attracted more than 60,000 attendees. This exceeded last year's attendance figure, highlighting a growing interest in the boating industry in the region. The economic impact generated by PBIBS in the Palm Beach area has historically surpassed $1.05 billion, a testament to its importance in local commerce. On the other hand, the Monaco Yacht Show, which will be held from September 25 to 28, 2024, featured 117 superyachts, with 81 making their debut. The anticipated attendance for Monaco in 2024 was considerably lower at around 29,197. This stark contrast in attendance numbers raises questions about the competition between these prestigious yacht shows. Both events cater to high-end clientele and represent significant opportunities for yacht manufacturers, brokers, and local businesses tied to luxury lifestyle markets. Despite the prominence of the Monaco Yacht Show, its layout and expansive nature around the port might have influenced visitor experiences compared to the more concentrated format of PBIBS. Furthermore, the Palm Beach show not only attracted a larger crowd but also generated unprecedented revenue for local businesses and crucial funding for non-profit organizations aimed at strengthening the boating industry. Factors such as location, shopping options, and cultural experiences contribute to the choice between attending either Palm Beach or Monaco. While Monaco boasts a rich tapestry of entertainment and luxury, including casino gaming and various fine dining options, Palm Beach offers its unique attractions like polo matches and equestrian events. As both shows evolve, they allow industry stakeholders to assess which better meets their needs, making both events valuable in their own right. The next PBIBS is scheduled to run from March 25 to 29, 2026, offering another chance to evaluate its competitive edge over Monaco.