The Yacht & Brokerage Show (YBS) is underway in Miami Beach, Florida, and will run through February 17. While the boating industry puts on hundreds of trade shows throughout the year, this is by far one of the biggest. Manufacturers, brokers, marine accessories retailers and other industry professionals will be congregating at Collins Avenue to see the latest yachting models and technology. In addition, there will be tons of food vendors and live entertainment.
Brokers look forward to the YBS every year for one simple reason: Customers actually purchase boats. While other events might showcase a new model from big time manufacturers, very few visitors actually consider buying a new vessel. That's not the case with YBS.
"[It's] always been a good show," James Henderson, president and CEO for the Americas at Ferretti Group, told Trade Only Today. "I think typically we tend to write more deals [than at other shows]. A lot of people say that. I have no idea why that is, but I think you tend to hear of and see more contracts, partly because … in February people are thinking summer's not so far away."
Those who are selling boats at the show are hoping for a big turnaround after many years of recession that have plagued the industry. Typically boat purchases are the first to get hit by economic downturns, so it's been a rough couple years for the industry as a whole.
If you head to Miami and decide to purchase a new boat, or you're just going to see what's available, we recommend checking out ePal's wide inventory of marine electronics and accessories, which will help you get more out of your vessel's communications and navigational systems.