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

People & Company News

QinetiQ Signs Contract with ASV

QinetiQ, as part of a new Marine Surface Target Service, has signed a contract with Autonomous Surface Vehicles (ASV) for the supply and operational support of autonomous surface target vessels.

GTT Wins DSME Order for 9 More Icebreaking LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), announced

Bollinger to Build 6 More FRCs for the USCG

Bollinger Shipyards, Inc., Lockport, Louisiana, announced the award of six additional USCG Sentinel Class Fast Response Cutters (FRCs). The U. S. Coast Guard

Cruise Ship Trends

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Concordia Tow Update: Smooth Sailing

The Costa Concordia wreck removal team reported this morning at 10:30 a.m. that after 22 hours of navigation, the convoy was over 50 miles off Giglio Island with about 140 miles from Genoa Prà-Voltri.

Royal Caribbean Profit Jumps on Higher European Demand

Royal Caribbean Cruises Ltd's quarterly profit beat analysts' average estimate as demand for its European and Chinese cruises increased and passengers spent more on board,

Finance

Thome Is the First to Sign up to IMPA Act

Leading integrated ship management service provider Thome Ship Management has become the first ship management company to join IMPA ACT, the responsible supply chain management initiative,

Legislation Grants Funding for EU's EMSA

EU Council Adopts Regulation on EMSA Funding The European Union Council adopted a regulation yesterday to finance the actions of the European Maritime Safety

Wärtsilä to Divest its Shares in Two-stroke JV

Wärtsilä to divest its shares in QMD two-stroke joint venture Wärtsilä announced that it will divest its shares in the Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.1407 sec (7 req/sec)