The Global Economic Contribution of Cruise Tourism
December 8th, 2014
By: Business Research and Economic Advisors (BREA) and the Cruise Lines International Association (CLIA)
Business Research and Economic Advisors (BREA) was engaged by the Cruise Lines International Association (CLIA) to provide estimates of the contribution of the cruise industry to the global economy in 2013.
Data on passengers by source and destination market, as well as the global deployment of the global cruise fleet were obtained from sources published by CLIA. Research reports on passenger and crew expenditures and the economic impact of the industry in specific national and regional markets were assembled and reviewed.
The global impact relied heavily on existing reports by BREA and other researchers and represents an aggregation of the results reported in these studies plus estimates developed for regions where data were not readily available. The majority of the global economic contribution reported is derived directly from studies prepared for CLIA by BREA. resulting estimated impacts accounted for 7% of the global total output impacts.
Global Economic Impacts
The global impact relied heavily on existing reports by BREA and other researchers and represents an aggregation of the results reported in these studies plus estimates developed for regions where data were not readily available. All data that were reported in local currencies, i.e., expenditures, output, income, etc., were converted to US$ for purposes of aggregation. The 114.87 million onshore visits by passengers and crew generated $52.31 billion in direct cruise sector expenditures at destinations and source markets around the world. These also include the direct expenditures of the cruise lines for goods and services in support of their cruise operations.
These expenditures generated total (direct, indirect and induced) global output of $117.15 billion. The production of this output required the employment of 891,009 FTE employees who earned $38.47 billion in income.
The details of this global contribution are discussed in the report.