Sydney International Boat Show economic contribution - MarineBusinessWorld Oceania newsletter
by Peter Rendle 31 Oct 16:00 PDT
Sydney International Boat Show © Boating Industry Association
The Sydney International Boat Show contributed $353m in total economic output from the 2024 event at Darling Harbour, according to the Boating Industry Association Ltd CEO Andrew Scott.
Scott said the show once again proved its worth following an independent economic analysis of the event which took place in August this year. "The Sydney International Boat Show attracted 42,000 attendees and there were thousands more enjoying the non-ticketed areas where our Discover Boating activities were accessible to the general public," he said.
Further North, a traditional sailing event also generates income for the local economy. There is a lot more to SeaLink Magnetic Island Race Week (SMIRW) than meets the eye, as organisers at Townsville Yacht Club continue their mission to make sure the Island's community benefits from the annual event in more than the usual ways, while also making a positive effect on the local economy in September every year via the yachties, their families and friends. The recent Economic Impact Survey demonstrates there is significant growth in economic and tourism impacts and shows a total spending of close to $2 million, up from the previous year's $1.2 million.
With an eye on maximum media exposure, The Cruising Yacht Club of Australia (CYCA) is delighted to announce that it will be partnering with Nine's multi-platform media network as the new home to the Rolex Sydney Hobart Yacht Race for the first time in its 79-year history. The multi-year deal will include live telecast of the Boxing Day Race Start on the Nine Network's free-to-air television channel as well as building a dedicated presence on 9Now's live stream and video on demand service - as a repository for the Race's archival materials, pre-race interviews, Live Update shows, live streams, in-race content and race highlights packages.
The Australian International Marine Export Group (AIMEX) held its Annual General Meeting at the Royal Sydney Yacht Squadron on Tuesday 22 October, where a newly elected board for 2025 was formed. The meeting marked significant changes in leadership, with long-serving board members stepping down and new members joining the team. After 26 years of contribution, AIMEX bids farewell to founding member and two-time President, Richard Chapman OAM. Also stepping down is Peter Dowdney, who has served as Vice President for the past eight years, additionally, Ron Schroeder, Director, is completing four years of service.
Leading Queensland Boatsafe training industry association BQI, which delivers marine training including boat driver licensing, has this week joined the Boating Industry Association Ltd. Boating Industry Association (BIA) CEO Andrew Scott said the move would enhance representation for the local safe boating training sector. "BIA will now establish a new Boatsafe Training Division to help improve awareness of, and access to, trusted boating educators to support the recreational boating community, as well as additional support in advocacy to governments," Scott said.
Making Waves Foundation (MWF) is thrilled to announce the successful launch of its Winds of Change Lite program in Brisbane, marking a significant expansion of its youth empowerment initiatives in the region. This new program, a condensed version of the renowned Winds of Change program, is designed to support young people with diverse learning abilities and those who may be considered 'at-risk'. The program delivers the same empowering and engaging sailing experience, yet in a more accessible time frame.
As out title implies, we cover industry news from South East Asia. There, Power Equipment has announced the expansion of its dealer network with the addition of Yacht Help Fiji Ltd, a leading provider of yacht services in Fiji and the surrounding islands. Established in 1988 and owned by former superyacht captain David Jamieson since 2002, Yacht Help Fiji Ltd operates offices and workshops across Fiji's premier marinas including Port Denarau (Nadi), Nawi, and Vuda Marinas. As an authorised Power Equipment and Yanmar dealer, they will now offer our high-quality Yanmar marine products, ensuring that yacht owners and operators in Fiji have access to top-tier engines, parts, support and services.
In Hong Kong, the highly anticipated Lantau Yacht Club (LYC) Boat Show- Festa Nautica 2024, commenced on a high note, captivating attendees with its grand opening ceremony today (25 October). With hundreds of visitors flocking to the event, joining the celebration of yachting excellence and luxury maritime lifestyle. The event showcased an impressive array of yachts from prestigious brands, including Absolute, Azimut, Beneteau, Capoforte, De Antonio, Dufour, Fountaine-Pajot, Leopard, Nautique, Prestige, Saxdor, and Sunseeker, drawing attention from both local and international yachting enthusiasts. The 5 Gold Anchor Marina provided a stunning backdrop for this vibrant gathering, reinforcing Hong Kong's status as a premier destination for yachting.
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Peter Rendle - peter.rendle@worldmarine.media