Surf Lakes shrinks as Wavegarden grows
Two bits of news from the hot tub industry this week.
The first is that Surf Lakes - the crew with the steam punk plunger in Yeppoon - is releasing a new "product", something that's more suited to the urban surfer.
“We’ve had close to 600 enquiries from all areas of the planet,” said Surf Lakes CEO Aaron Trevis, “[but] many sites are just not large enough to cater for the 3.6 hectare lake."
Therefore, Surf Lakes are spruiking a bonsai version of their pool. The new Surf Lake requires only two hectares (five acres) of land for construction, which, according to Trevis, makes it more suited to high density areas with similarly high real estate values.
The smaller version Surf Lake is valued at US$20 million (just shy of AUD $28 million), plus land costs, which Trevis says is "a huge opportunity to really penetrate non-surfing market places by locating near shopping malls and local sports fields."
Meanwhile, as Surf Lakes shrinks, Wavegarden grows. The latest installation is in South Korea and is their biggest pool yet. For comparison, Melbourne's Wavegarden has 40 modules displacing water, while the South Korean version has 56.
The difference is immediately obvious in the videos emerging from South Korea with a noticeably longer barrel section.
The video above shows Eneko Merino on the left, and Kai Odriozola, Hans Odriozola - Wavegarden founder Josema Odriozola two sons - and Eneko Merino going back to back on the right.