The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.
1. Miami tourism bureau supporting boat show move
The Greater Miami Convention & Visitors Bureau has pledged its support for the Miami International Boat Show's move to Miami Marine Stadium Park & Basin.
In a letter to boat show director Cathy Rick-Joule, the group's president and CEO said the bureau's executive committee unanimously approved it support for the show.
2. ... but Yachts Miami Beach staying put
In an effort to clear up confusion around the Miami International Boat Show's move next year, Yachts Miami Beach held a press conference last week to say it was staying in Miami Beach. In fact, the show (formerly known as the Yacht & Brokerage Show) will be adding a second location as well, organizers said.
3. Zacks downgrades MarineMax stock
Zacks Investment Research has downgraded MarineMax from a hold to a sell. The stock closed Monday at $17.14 a share.
4. Report: Millennials cautious with finances, but optimistic
A new report from Bank of America finds millennials are wary of debt, but optimistic about the future, the Charlotte Business Journal reports.
According to the report, 94 percent of millennials aren’t comfortable going into debt, 88 percent avoid risky investments and 79 percent don’t want to dip into their savings at this point in their lives.
5. How to use Facebook Business Manager
Social Media Examiner offers some tips this week on setting up and using Facebook Business Manager to make your social media efforts more efficient.