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

Cruise Ship Trends

WR Nominated for International Seatrade Insider Cruise Award

WR Systems has been shortlisted for the Environmental Initiative Award. Judged by an independent panel of experienced cruise industry specialists, the Seatrade

HAL & Kelly Clark in ‘Attorneys Who Matter’ List Again

The Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, recognized Holland America Line and Seabourn’s

Piraeus Port Posts Flat Profit, Sales Dip

Greece's Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Piraeus Port,

Salvage

MN 100: Donjon Marine Co., Inc.

100 Central Avenue Hillside, New Jersey 07205 Tel: (908) 964-8812  Email: info@donjon.com Website: www.donjon.com President & CEO: J. Arnold Witte The Company: Donjon Marine Co.

Pine Galaxy to Arrive SF Bay Wednesday

The disabled mixed-products tanker Pine Galaxy is expected to arrive in San Francisco Wednesday morning. The ship is being towed by commercial tug to San Francisco Bay.

Two Rescued from Disabled Boat near Niagara Falls

The U.S. Coast Guard (USCG ) rescued two people from a disabled boat near Niagara Falls late Monday night. At about 9:15 p.m., a search-and-rescue (SAR) coordinator from USCG Sector Buffalo,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0924 sec (11 req/sec)