The latest edition of the Palma International Boat Show was visited by more than 32,000 people, a 50% increase over the 2021 boat show. For four days, the event, which closed its doors on the 1st of May, saw a large influx of professionals and nautical enthusiasts who praised the quality of the products on display and the new products presented. The Palma International Boat Show is organised by the Institute for Business Innovation of the Balearic Islands (IDI), an entity dependent on the Vice-Presidency and Regional Ministry of Energy Transition, Productive Sectors and Democratic Memory, and the Balearic Yacht Brokers Association (BYBA).
Following an assessment of the results of this latest edition of the Palma Boat Show, the organisers stated that “the event has not only been a great success in terms of exhibitor participation, with 276 companies, but it has also performed very well in terms of sales and promotion of the sector, as reflected in public attendance figures, which are equal to those of 2019, when the show ran for an extra day”.
It is worth noting that 87% of the exhibitors surveyed stated that they would like to participate in the Palma International Boat Show in 2023, a fact that reflects the satisfactory participation of companies and the fact that the show is a commercially profitable event for the nautical sector. Furthermore, 76% of the participants rated the organisation of the show highly, with 86% being satisfied with the experience of taking part in the boat show.
The latest edition of the Palma International Boat Show had 276 participating companies, 6 more than in 2019 and 49 more than the previous year, representing an increase of 21% compared to 2021. In addition, a total of 264 boats were exhibited at sea. This edition has aroused a lot of interest among local (54%), national (18%) and international (28%) companies. In fact, in recent years the Palma International Boat Show has become the premiere event of the nautical season and one of the most important gateways for international companies that want to establish themselves on the islands, or establish relationships with local firms in order to open up new business opportunities.
The nautical sector is regarded as a strategic sector by the Government for the economy of the Islands since it generates more than 4,500 direct jobs, is made up of some 650 companies and generates around 840 million euros a year.