Marina Market Analysis 27 ; marinas and boatyards continue to improve net profits, overall revenues, and occupancy rates, with : 82% expecting stable or increasing occupancy rates. ; The table that follows details marina occupancy rates for 2014. Marina Occupancy Rates - 2014 Occupancy Rate Range : Less than 50% 50%-74% _—- 75 - 84% 85%-94% 95% - 99% 100% | Ownership Type/ Size % of Respondents Government Owner 44% 22.2% 17.8% 17.8% 22.2% 13.3% ] Corporate Owner 4.0% 32.0% 18.0% 14.0% 25.0% 7.0% i Private Owner 2.0% 16.0% 19.0% 31.0% 14.0% 13.0% Small (1 - 99 Slips) 5.0% 13.0% 11.0% 23.0% 15.0% 32.0% ' Medium (100 - 249 slips) 5.0% 17.0% 21.0% 26.0% 21.0% 10.0% | Large (250 - 749 slips) 0.0% 19.0% 21.0% 30.0% 17.0% 13.0% Very Large (Over 750 slips) 0.0% 27.8% 16.6% 27.8% 27.8% 0.0% ; Overall 3.0% 17.0% 18.0% 26.0% 18.0% 15.0% Marina Dock Age publishes statistical information based on the percentage of overall respondents. f The subject is under private ownership and has 98 boat slips which are expected to be increased to | 108 slips. The largest majority (31%) of private owner marinas reported 85% to 94% occupancy rates. Overall, 58% of private owners reported occupancy rates of 85% to 100%. The largest majority (32%) i of small marinas reported occupancy rates of 100%, with 70% of small marinas reporting occupancy of | 85% to 100%. The largest majority of medium marinas (26%) reported occupancy rates of 85% to 94%, with 57% of medium marinas reporting occupancy of 85% to 100%. The table that follows details boat slip and service rate changes in 2014 over 2013. i Slip/Service Rate Changes - 2014 Over 2013 | Decreased Stayed Same Increased Marina Size % of Respondents ‘ Small (1 - 99 Slips) 1.9% 56.6% 41.5% i Medium (100 - 249 slips) 1.0% 62.0% 37.0% Large (250 - 749 slips) 1.3% 53.2% 45.5% | Very Large (Over 750 slips) 0.0% 28.0% 72.0% : Overall 1.0% 55.0% 44.0% i The majority of marinas kept rates the same between 2013 and 2014. . The table that follows details rat