The 42nd edition of the Palma International Boat Show starts

The event, organised by the Government of the Balearic Islands, generates an economic impact of 21 million euros.

The Prime Minister of the Government of the Balearic Islands, Marga Prohens, opened the 42nd edition of the Palma International Boat Show this morning, the event that marks the start of the nautical season in the Mediterranean. With a total of 310 exhibitors and 600 boats, the event features a comprehensive and highly diverse exhibition that has established it as an international benchmark. The opening ceremony was attended by the Minister for Business, the Self-Employed and Energy, Alejandro Sáenz de San Pedro; the Minister for Labour, the Civil Service and Social Dialogue, Catalina Cabrer; the Director-General for Industry and Industrial Estates, Alfons Gómez; and the Manager of the Balearic Islands Regional Development Agency (ADRBalears), Silvia Delgado. The fair, organised by the Regional Government and the Balearic Yacht Brokers Association, is open until the 2nd of May.

The Palma International Boat Show features three distinct areas. Two of these, Shipyards & Equipment and Superyacht Village, are located at the traditional Moll Vell venue, whilst the Superyacht New Build Hub will be at Marina Port de Mallorca. This new location has brought the exhibition a little closer to Moll Vell and doubled the number of boats on display, as it will feature twenty premium moorings and over twenty exhibitors on land, cementing its status as a key meeting point for the large sailing yacht new-build industry. As a new feature, the two venues are connected by sea and land at half-hourly intervals. A PIBS ticket grants access to all areas.

Furthermore, the fair boasts Europe’s largest exhibition of large-length sailing yachts. It brings together, with direct representation, some of the most prestigious shipyards on the international scene, which are presenting their latest developments and innovations in Palma. It is worth noting that the exhibition is characterised by the innovation of the products on display, with a range that includes large yachts alongside small and medium-sized vessels, brokerage services, technical services and some of the sector’s most cutting-edge offerings.

With the aim of assessing the contribution of the boat show to the Balearic Islands, the organisers of the Palma International Boat Show will once again collect the necessary data to enable the Directorate-General for Economy and Statistics to calculate its economic impact. The first study confirmed that the PIBS generated an economic impact of €20.1 million and helped to reduce seasonality and boost tourism during a low-season month. Last year, the updated study showed a 4.5% increase, achieving a total impact of €21 million.