Colliers Destination Consulting, the destination development expert, attended this year’s Surf Park Summit, which took place from 16 – 18 October in San Diego, California, US. This growing sector is full of passion for the sport and lifestyle, an energy which has fuelled the development of innovative surf technology and the establishment of more and more surf parks around the world.
It is also, however, a complex business, says Matt Hyslop, who leads Colliers’ destination consulting team. The sector’s early development stage requires determined professionalism to deliver these projects and get them open:
“The critical challenge has been raising the capital investment for these $50m+ projects,” he points out. “The wider investment market needs to be confident these projects are commercially investable, and de-risked as much as possible.”
Hyslop chaired the first panel discussion on day one of the Surf Park Summit, looking at surf park investment.
“Surf Park Summit 2022 has been a great success and is a hugely valuable event by bringing a really focused group of people together, in person. The passion for the sector is obvious and is increasingly being matched by a professionalism that is critical to proving the surf park business is commercially investable.”