When I use tracking apps, the battery life is slightly less. GPS may not be the problem; it may be using more power trying to connect to cellular, wifi or bluetooth. Try turning on airplane mode and also turn off bluetooth. This will turn off all radios except GPS and NFC. Also turn on water lock.
Nevertheless, 1 hour battery life is not right. How is battery health percentage?
Unless you have an Apple Watch Ultra and AppleCare, I think surfing with an Apple Watch is not a good idea, despite the marketing materials about waterproofness. Water damage is not covered by the normal warranty.