The Newport International Boat Show had a $26.1 million economic impact on Newport County, R.I., last year, according to a study conducted by Performance Research.
Completed in November, the study shows that the September show had a positive effect on the local economy, drawing more than 40,000 visitors. Boats on display had an estimated worth of $175 million, with sales estimated at $35 million to $40 million.
“After 51 years of proven impact, this just cements our status as an economic driver in Newport and far beyond,” show director Lisa Knowles said in a statement. “Our show is a quintessential Newport experience.”
Added Brian Dursi, executive director of the Rhode Island Marine Trade Association: “For more than 50 years, the show has been essential for the growth, prosperity and stability of local marine businesses, including builders, dealers, marinas, accessory manufacturers and marine services across the Ocean State.”
Study highlights include:
• The economic impact for Newport County was $26.1 million.
• The most-benefitted sector was hotels, at $5.3 million.
• Other high-earning sectors included restaurants, transportation and retail goods totaling close to $10 million.
• The show brought in $4 million in state and county taxes.
• There were 218 full-time equivalent jobs created in Newport County.
This year’s show is scheduled for Sept. 14-17.
