Cruise Industry Set to Increase Jobs in Europe

Tuesday, February 06, 2007
The growing popularity of cruise vacations and European shipyards’ dominance of global cruise ship orders is set to have a major impact on jobs, wealth creation and inbound tourism in Europe, according to the results of a “European Cruise Contribution” report released at a major conference in Brussels. “This is the first time that figures have been available to demonstrate the full economic value and scale of the total cruise industry in Europe,” said Mr Pier Luigi Foschi, chairman of the European Cruise Council (ECC) and chairman and chief executive officer of Costa Crociere SpA. The ECC commissioned the report together with Euroyards, MedCruise and Cruise Europe. “Cruise companies, shipbuilding yards and cruise passengers now account for €8.3 billion of direct expenditure in Europe and we expect this to increase by 50 per cent to €12.7 billion by 2010,” said Mr Foschi. “We can also confirm that the cruise industry is already responsible for more than 180,000 jobs across Europe and our analysis shows that this could grow by more than 50,000 to top a quarter of a million jobs by 2010.”

Europe’s position as the world leader in cruise ship design and construction is helping to drive this growth. During 2005 the global cruise industry spent an estimated €3.1 billion on cruise ship construction and maintenance in Europe – over 35% of the total direct European cruise business expenditure. This is expected to rise by more than a billion euros to €4.4 billion by 2009. European shipyards are building ten large ships a year for the next two years and have orders for over 95 per cent of new cruise ship orders between now and 2010, worth more than €18 billion. Within Europe, 2.6 million cruise passengers embarked on their cruises from European ports in 2005, ninety per cent of whom were European nationals. On average, these passengers spent €100 at each embarkation port city and another €50 at each port visit on their cruise itinerary. Their holidays generated 13 million passenger visits to European ports.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

China Homeport for Latest Giant RCI Cruise Ship

Royal Caribbean International says that its latest cruise ship, 'Quantum of the Seas', will make its home port in Shanghai (Baoshan), China The ship will reposition to China in May 2015,

Holland American Line donates $100,000 to Desmond Tutu Peace Foundation

In honor of Archbishop Emeritus Desmond Tutu’s work to spread peace, justice and democracy around the globe, Holland America Line has made a $100,000 donation to

Cruise Industry Disappointed by Findings of Critical LMU Report

New research by the UK's Leeds Metropolitan University (LMU) claims the cruise industry is ignoring its responsibility to the environments and societies it visits.

Salvage

Stranded Virginia Beach Bulker Salvage Plan Set

The Coast Guard advises it is in the final stages of reviewing a salvage plan that is scheduled to begin Friday morning to move the 751-foot bulk carrier, 'Ornak',

Obama Offers US Aid to S.Korea Following Ferry Accident

U.S. President Barack Obama on Thursday expressed condolences to the families of the victims of the South Korean ferry sinking and said the U.S. military will provide

USCG Responds to Vessel Fire

The U.S. Coast Guard (USCG) reported it is responding to a report of a vessel that caught fire and became disabled with two men and a dog aboard south of the McCormick

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0860 sec (12 req/sec)