Cruise Ships Boosting Canadian Economy

Press Release
Wednesday, March 13, 2013
Canada Cruise Ship Passenger Chart: Image credit NWCCA

A new economic impact study released by the North West & Canada Cruise Association (NWCCA) shows $2.38-billion generated.

“We are very pleased to see growth in both overall economic impact and per passenger spending,” says Greg Wirtz, President of the NWCCA. “And we are happy to see cruise ship visits expanding into new ports in Quebec and Atlantic Canada.”

In the report prepared by Business Research and Economic Advisors (BREA), 2.05 million cruise passenger visits generated $1.16 billion in direct spending by the cruise lines, their passengers and crews, generating 9,849 annualized full and part-time jobs. These direct expenditures create additional spinoff activities that, together with direct spending, create a total economic impact of $2.38 billion. In addition, the direct and indirect economic impact combines to generate 7,661 jobs and $780 million in wages. The total output and income created by the international cruise industry also generates an estimated $239 million in indirect business and income taxes in Canada.

Direct spending includes the cruise lines spending $675 million, passengers spending $448 million and crews spending $33 million.

Spending by cruise lines consisted of three leading categories—professional and business services contributed $113 million, fuel at $87.4 million and machinery and equipment at $86.5 million. The top three spending categories for passengers consisted of tours and transportation at $93.3 million, lodging at $83.1 million and retail sales contributing $45.4 million. Spending by cruise ship crew consisted of retail sales at $22.7 million, food and beverage at $9.4 million and tours and transportation at $1.1 million.

Interior provinces also benefit economically as source markets for goods and services such as food and beverages, fuel and hotel supplies purchased by the cruise lines.

“Cruise passengers and the business they bring are an important part of the Canadian tourism mix,” says Paul Nursey, Vice President Strategy & Corporate Communications of the Canadian Tourism Commission. “We see very high customer satisfaction ratings and high repeat visitation, so cruise passengers get a great introduction to Canada and communities get to add important business diversity.”

The BREA report quantifies the economic contribution of the international cruise industry to the economies of Canada and its Provinces in 2012. NWCCA member cruise lines participated in the study along with their destination partners the Atlantic Canada Cruise Association, the St Lawrence Cruise Association and Cruise BC. Over 18,000 passenger and crew surveys were completed across seven cruise destination ports in Canada, measuring passenger and crew spending patterns and satisfaction.
 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Major Ivorian Cocoa Buyers Boycott Local Exporters Scheme

Major cocoa buyers are boycotting a scheme in Ivory Coast aimed at guaranteeing local firms a share of the lucrative export market, arguing that these players lack

DSM Dyneema Names President’s Successor

Gerard de Reuver has elected to step down as President of DSM Dyneema on August 1, 2015 after five years in the post, the company announced today. He will be succeeded by Golnar Motahari Pour,

Matson Pumps $30 Million into Alaska Operations

Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services.

Cruise Ship Trends

Carnival’s Costa Brand Orders Two LNG Cruise Ships

Costa’s two new cruise ships will be the largest ever built based on guest capacity; Costa will join sister brand AIDA Cruises in building the first-ever cruise

Pearl Seas Cruises Adds Voyages to Cuba

Pearl Seas Cruises plans to launch a series of “cultural voyages” from the United States to Cuba beginning in the spring of 2016, the cruise line announced today.

First Cruise Ship Docks at Teignmouth Port

History was made at ABP’s Port of Teignmouth with the visit of its first ever cruise ship. The Hebridean Princess, a luxury cruise ship, arrived from Dartmouth carrying 50 passengers.

Finance

Major Ivorian Cocoa Buyers Boycott Local Exporters Scheme

Major cocoa buyers are boycotting a scheme in Ivory Coast aimed at guaranteeing local firms a share of the lucrative export market, arguing that these players lack

Matson Pumps $30 Million into Alaska Operations

Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services.

General Dynamics Tops Q2 Estimates

General Dynamics Corp, a maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.2164 sec (5 req/sec)