The Palm Beach International Boat Show opened in West Palm Beach and is showcasing more than 200 superyachts alongside hundreds of smaller vessels, organizers said.

The Marine Industries Association estimated the show’s economic impact on West Palm Beach and South Florida at $1,100,000,000, and Mayor Keith James attended the opening with an enthusiastic welcome, according to local reporting. Cheryl Conn, a reporter for WPB TV, said the expanded superyacht component includes vessels up to 300 feet long and luxury accommodations typical of multimillion-dollar yachts.

The show has docked in West Palm Beach since 1982, organizers said. One highlighted vessel, the Majesty 140, was built in the United Arab Emirates and is listed at more than $20,000,000; Conn reported it is also available for charter at about $350,000 per week. The event’s mix of very large yachts, smaller boats and accessory vendors drew an expected crowd of more than 55,000 people, Conn reported, and she noted the show as a major draw for shoppers and people-watchers.

Organizers and the Marine Industries Association framed the show as both a trade event for serious buyers and a tourism boost for local businesses. The program’s long history in West Palm Beach and its concentration of high-value vessels underline its economic role even as the event markets luxury items not accessible to most attendees.

“This is Cheryl Conn reporting for WPB TV,” Conn concluded in the segment, identifying the reporting source.

Details reported in the broadcast included the show’s longevity in the city (since 1982), the presence of more than 200 superyachts, vessel sizes up to 300 feet, an economic-impact estimate provided by the Marine Industries Association, and sample prices and charter rates for showcased yachts. The broadcast did not specify exact dates or a complete exhibitor list.