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

Danos Adds Environmental Services

Danos recently added an Environmental Services Division to the company’s collection of oilfield related services, which includes production workforce, construction,

Asia VLCC Rates Could Nudge Higher on Activity

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering

Danish Bunker Trader Joins GAC in London

GAC Bunker Fuels says it has appointed former GAC Denmark Shipping Assistant Ida Ryberg as a Bunker Trader with its UK team. Ryberg joins Andy Boichat and Resham

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

Asia VLCC Rates Could Nudge Higher on Activity

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering

Star Bulk Takes Delivery of First Capesize from JMU

Athens, Greece-headquartered Star Bulk Carriers says it has taken delivery of 'M/V Peloreus' a 182,000 dwt Capesize built by Japan Marine United (“JMU”) and the

Ardmore Shipping Secures Newbuilding Finance

Ardmore Shipping Corporation says it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB ("SEB").

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators 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: 0.4390 sec (2 req/sec)