Health of Industry report

Conducted in late 2021, the findings are based on a sample of over 46% of the country’s 290 club and commercial marinas.
Performance highlights indicate industry turnover exceeding $730 million, direct employment of over 3,300 people, government tax and lease payments of $95 million, along with capital investments of over $183 million. The industry engaged nearly 8,700 independent contractors and provided tenancy to over 1,900 businesses.
MIA president, Andrew Chapman, said: “The findings indicate inadequacy of supply in many locations around the country. It shows that strong occupancy rates and waitlists have continued to grow over the last decade despite an increase in storage spaces. This bodes well for the future of our industry as it indicates further opportunity, particularly given the increasing pipeline of new vessels on order from manufacturers – they are all going to need somewhere to store their boats.”