A personal watercraft comprising a hull, an engine disposed in the hull, a propulsion unit operatively adapted to be driven by the engine, and a steering unit operatively adapted to position the propulsion unit. A deck is supported above the hull. The deck has a storage compartment. The storage compartment includes a peripheral wall extending downwardly toward the hull, defining a closed bottom. The peripheral wall defines the storage compartment interior. The uppermost portion of the peripheral wall defines an opening into the storage compartment interior. A storage tray is supported by the deck. The storage tray is disposed vertically above the storage compartment.