Growth in the Cruise Industry Sector

Wednesday, June 15, 2011

According to figures issued today in Brussels by the European Cruise Council, at the official presentation of the sixth edition of the annual report of the European Cruise Contribution, for the year 2010, the European cruise industry continues to provide a major contribution to Europe’s economy as a whole.  The cruise industry is the only area of the tourism sector that is enjoying substantial growth:  last year there were some 5.5 million European cruisers (a 10% increase compared to 2009), which works out to approximately 30% of cruise passengers worldwide (18.8 million cruisers).  The EU countries with the most cruisers are the UK (1.6 million), Germany (1.2 million), Italy (around 890,000) and Spain (645,000).

In 2010 the European cruise industry also grew in terms of the numbers of passengers departing from European ports:  5.2 million (+7.2%).  The overall (direct and indirect) economic impact of the industry on the continent’s economy last year was 35.2 billion euros, including over 14 billion euros of direct spending.  The greatest beneficiaries of this direct expenditure were Italy (4.5 billion euros), the UK (approximately 2.6 billion) and Germany (2.3 billion).  European shipbuilders continue to play an important part in this expansion:  from 2011 to 2014 the continent’s yards will build 23 new cruise ships, with a total investment worth almost 11 billion euros.  The economic impact of the cruise industry also contributes very substantially to employment, accounting for around 300,000 jobs in Europe.

“Despite the fact that the economic situation is not the most favorable, European cruising remains a growth industry and continues to play a key role in terms of the creation of wealth and employment.  Costa Crociere S.p.A. is the no.1 operator and the driving force in Europe:  in 2010 the Group’s ships carried over 2 million Guests and generated an economic impact (direct and indirect spending) worth 2.2 billion euros in Italy alone,” commented Costa Crociere S.p.A. President Gianni Onorato.

In this context the Costa Crociere S.p.A. Group – comprising the Costa Cruises trademark (www.costacruise.com), Aida Cruises (www.aida.de), and Iberocruceros (www.iberocruceros.com) – has confirmed its leadership in Europe. The Group’s consolidated revenues rose by about 12% in FY 2010, reaching just under 3 billion euros, while the total number of Guests was 2.15 million, representing an increase of some 18% compared to the previous fiscal year.

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

People & Company News

USS Montpelier Modernization Contract for General Dynamics

The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier,

Pentair Opens Aquaculture Center of Excellence

Mindful that fish farming has the potential to help meet an expanding  population's need for protein in a world with increasing water constraints, Pentair announced

Scorpio Tankers' Buyback Plan, Newbuild Delivery

Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and

Cruise Ship Trends

Overnight Cruise Ship Visits Suspended in White Bay

The New South Wales (NSW) Port Authority has suspended all overnight cruise ship visits to White Bay until the NSW Environment Protection Authority (EPA) has regulated

Star Clippers to Build Massive Square Rigger

Tall ship sailing specialist Star Clippers has announced that it has started building a fourth ship to add to its fleet of graceful square-riggers; its first new-build

Roxtec Sees Rise in Cruise Ship Repair Work

Manchester cable safety seal manufacturer Roxtec has reported increased demand for its cruise ship cable and pipe seals.   The firm has seen a 67 percent rise

Finance

USS Montpelier Modernization Contract for General Dynamics

The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier,

Pentair Opens Aquaculture Center of Excellence

Mindful that fish farming has the potential to help meet an expanding  population's need for protein in a world with increasing water constraints, Pentair announced

Scorpio Tankers' Buyback Plan, Newbuild Delivery

Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and

News

USS Montpelier Modernization Contract for General Dynamics

The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier,

Pentair Opens Aquaculture Center of Excellence

Mindful that fish farming has the potential to help meet an expanding  population's need for protein in a world with increasing water constraints, Pentair announced

Scorpio Tankers' Buyback Plan, Newbuild Delivery

Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair 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: 0.2171 sec (5 req/sec)