Tuesday, February 19, 2019

Retiring NMMA President Thom Dammrich Makes Final Keynote at MIBS

MIAMI — NMMA president Thom Dammrich made his final keynote address at the Miami International Boat Show’s Innovation Breakfast, speaking about the state of the industry and outlining strategic objectives for the association. “People ask me if this my last Miami show, and I answer, ‘I certainly hope not,’ ” Dammrich said. “It’s just the last one I have to worry about.”

Dammrich said that this year’s show, when combined with the Miami Yacht Show, puts a combined 1,900 boats on display in Miami. “This is the largest display of recreational boats in the world,” he said, noting that the show will attract about 100,000 people from 35 countries. “It has an economic impact of $854 million for the region, which is double the impact of the Super Bowl.”

Last year was the eighth consecutive year of growth for the U.S. boating industry. “In 2018, Americans spent $41 billion on boating,” Dammrich said. “New powerboat sales were up 4 percent last year, and we expect that number to be 3 percent this year. But we are seeing a few cracks in the armor.”

“People ask me if this my last Miami show, and I answer, ‘I certainly hope not,’ ” Dammrich said. “It’s just the last one I have to worry about.”