A hybrid personal watercraft combines features of pontoon boats and deck boats, in a cost-effective and versatile package. The watercraft includes port and starboard sponsons which combine a pair of outboard flotation cavities. A space below the deck and above the hull bottom creates at least one, and potentially up to three additional flotation cavities, which may also be used as storage areas accessible by an access door in the bow of the watercraft and/or a set of hatches in the deck. The watercraft may be efficiently produced assembled from polymer materials, such as thermoplastic polyolefin (TPO).