Art Basel Miami Beach’s local economic impact hit a new record high this year, according to the SFBJ.
The report cites research by BizCosts.com, which is a unit of Boca Raton’s The Boyd Co.
Total economic impact rose 9.4% this year, to $547 million.
In 2020, the Miami Super Bowl Host Committee released research stating the economic impact of hosting Super Bowl LIV that year was $572 million.
The BizCosts report says that the number of private jet arrivals during Art Basel surpasses that of a Super Bowl.