Cruise Line Growth Continues Healthy Recovery
CLIA (Cruise Lines International Association) has released a new report that cruise lines have shown growth and have made, and are making, a substantial contribution to the U.S. economy.
Here are some of the highlights:
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 ten 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.
Here is the full report.
STUDY SHOWS U.S. CRUISE INDUSTRY A SUBSTANTIAL CONTRIBUTOR TO U.S. ECONOMY | Cruise Lines International Association
For the uplifting report, sure seems like some things have improved, there is still a ways to go, but at least it is something.. Here in my neck of the woods, the housing market is still down from what it was...
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