U.S. Economy Gained $42 Billion from Cruise Industry in 2012, Study Finds

MarineLink.com
Friday, August 09, 2013
Photo: Carnival

The North American cruise industry continued to be a substantial contributor to the U.S. economy in 2012 according to an independent study commissioned by Cruise Lines International Association (CLIA). The study shows that CLIA’s 26 North American member lines and their passengers and crew contributed over $42 billion in total U.S. economic impact, a 4.6 percent increase from 2011. In addition, the cruise industry generated 356,311 jobs, paying a record $17.4 billion in wages to American workers.

After a strong rebound in 2010 and 2011 from the recession induced impacts of 2009, the North American cruise industry continued to expand in 2012. According to the study, CLIA’s North American member cruise lines carried a record 16.95 million passengers on cruises worldwide in 2012, a 3.8 percent increase from the previous year. More than 10 million passengers embarked on their cruises at U.S. ports — another all-time high — delivering significant economic benefits to local and port communities nationwide. Every week, cruise ships provision in U.S. ports prior to embarking on an itinerary and purchase products and services from American business across the nation.

“The cruise industry is a growing contributor to our nation’s economy and the economic benefits of cruising go beyond port communities as all 50 states benefit from the cruise industry’s direct and indirect spending,” said Christine Duffy, CLIA’s president and CEO. “Various businesses nationwide contribute products and services that are integral to the cruise experience. The study demonstrates that cruising, aside from being a fun and affordable vacation option, continues to spur U.S. economic growth.”

“The State of the North American Cruise Industry in 2012” was prepared for CLIA by Business Research & Economic Advisors (BREA) of Exton, Pennsylvania. Key findings include:

 Total economic impact on the U.S. economy grew by 4.6 percent to $42.3 billion in 2012, with direct spending by the cruise industry growing by 4.0 percent to $19.6 billion.

 During 2012, CLIA’s North American cruise line members carried nearly 17 million passengers on cruises around the globe. This represented a 3.8 percent increase from the previous year.

 An estimated 10.1 million cruise passengers embarked on their cruises at U.S. ports, accounting for 59 percent of the CLIA North America member cruise line global embarkations and representing a 2.5 percent increase from 2011.

 The North American cruise industry benefited every state in the nation through direct purchases of goods and services, with approximately 80 percent of the impact concentrated in 10 states – Florida, California, Texas, New York, Alaska, Washington, Georgia, Massachusetts, Illinois and New Jersey. Key data points for the top five states impacted by the cruise industry include:

 #1: Florida ports handled approximately 6.1 million embarkations and accounted for 60 percent of all U.S. cruise embarkations in 2012. Florida businesses received $7 billion, or 36 percent of the direct expenditures generated by the cruise industry in the U.S.

 #2: California cruise ports combined generated just under 837,000 passenger embarkations during 2012, 8.3 percent of total U.S. embarkations. As a result of the activity of the cruise industry, direct expenditures generated total economic impacts of 42,833 jobs and $2.4 billion in income throughout the California economy during 2012

 #3: The primary cruise port in Texas is Galveston, which had 604,000 embarkations, or 6 percent of total U.S. cruise embarkations, in 2012. Cruise activity in Texas accounted for $1.24 billion in direct spending and 19,745 jobs paying $1.1 billion in income.

 #4: New York accounted for 6.3 percent of the industry's direct expenditures with $1.24 billion – and this spending generated an estimated 16,342 jobs paying $944 million in income.

 #5: Alaska ports received about 3.55 million cruise passenger visits, approximately 65 percent of all port-of-call cruise passenger visits at U.S. ports. Direct expenditures in Alaska generated total economic impacts of 22,632 jobs and $1.03 billion in income during 2012.

An executive summary of the study is available online at cruising.org/sites/default/files/pressroom/2012EconomicStudies/EconStudy_Exec_Summary2012.pdf.

A full copy of the study can be accessed at cruising.org/sites/default/files/pressroom/2012EconomicStudies/EconStudy_Full_Report_2012.pdf.

cruising.org

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

Cruise Ship Trends

Silversea Cruises Plans New Flagship

Cruise operator Silversea Cruises has unveiled its new flagship, the Silver Muse, which will begin sailing the seas in April 2017.    Built by Italian shipbuilding company Fincantieri,

Silversea Cruises Orders Luxury Ship from Fincantieri

Shipbuilder Fincantieri has received an order to build a new luxury cruise ship for client Silversea Cruises due for delivery in April 2017.    At 40,700 grt and accommodating 596 guests,

Confidence Low in Shipping Idustry

Confidence levels in the global shipping market have fallen to a seven-year low as a glut of cargo ships, weak freight rates and excess liquidity continue to batter the industry,

Ports

Antwerp Joins “One Belt, One Road” Taskforce

“One Belt, One Road” is a Chinese development strategy launched at the end of 2013 that focuses on connectivity and cooperation among countries primarily in Eurasia.

Shipping Gloomiest Since 2009

The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters.

Port Lafito Officially Opens

GB Group, a diversified group of industrial and trading companies, has announced that Port Lafito, a world-class modern container port in Haiti, is open and operational.

Finance

FSL Trust Inks Tanker Contracts

FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust announced new time charter agreements for FSL Shanghai, FSL Hamburg and FSL Singapore.

Hercules-2 Officially Launched

MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project.   A major cross-industry initiative led by MAN Diesel & Turbo,

ST Marine Launches First LMV for RSN

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching ceremony for the first

News

Four Rescued From Burning Boat in Lake Michigan

The Coast Guard and a good Samaritan rescued 4 people after their 20-foot boat caught fire on the Grand River, Sunday. A boat crew from Coast Guard Station

ISS Inks Service Pact with Technip

Inchcape Shipping Services (ISS) and Techniphave signed a contract to provide marine agency services and logistics for the Rashid C project in the Middle East. Currently

Hercules-2 Officially Launched

MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project.   A major cross-industry initiative led by MAN Diesel & Turbo,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Sonar 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: 0.1977 sec (5 req/sec)