Marinas

Marinas

Brief Excerpt from Industry Overview Chapter:

Companies in this industry are engaged primarily in offering docking or storage facilities for pleasure boats. Major US companies include IGY Marinas, Safe Harbor Marinas, Suntex Marinas, and Westrec Marinas Management. Outside the US, major marinas include Hong Kong-based Gold Coast Yacht and Country Club, Dubai Marina Yacht Club, and Mulpha Australia's Sanctuary Cove.

COMPETITIVE LANDSCAPE

Demand is driven by ownership rates for power boats and sailboats. The profitability of an individual marina depends on?location?and good?marketing. Large companies have the resources to advertise and negotiate better prices with suppliers, builders, and maintenance firms. Small companies can compete by offering customized services or preferred locations. The US industry is?highly fragmented: the top 50 companies account for 20% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

The main business of marinas is pleasure craft docking, launching, utilities, and storage (about 50%), followed by pleasure craft dockage services (about 30%). Other services include maintenance and repair services accounting at about 15%.