An independent report from Business Research and Economic Advisers (BREA), commissioned by Cruise Lines International Association (CLIA), has revealed that the global cruise industry is now worth an astonishing $117 billion.
The report analysed data of crew and passenger visits and direct expenditures in order to estimate the contribution of the cruise industry to the global economy.
Following a 77% increase in demand for cruise holidays over the last decade, the global cruise industry now employs 891,009 full time staff, with wages totalling at $38.47 billion.
As well as generating thousands of jobs around the globe, cruise port days contribute greatly to local economies. With an average 7-day cruise making 3 to 4 port calls, the report has determined that almost 115 million port visit days are made worldwide, with crew and passengers spending an average of almost $127 at every port.
Alongside Brazil and China, Australia was highlighted as a developing market, with 833,000 passengers embarking on cruises at Australian ports during 2013. Australian passengers and crew accounted for 3% of global direct expenditures, which include expenses such as accommodation, tours, transport, and food and drink, spending a collective $1.72 billion at ports visit days in 2013.
Christine Duffy, CLIA President and CEO, predicted a bright future and further growth for the cruise industry, stating, “The cruise industry is truly global, bringing together a diverse mix of international passengers and crew to experience exciting itineraries, multiple destinations, and exceptional holiday vacation value on every continent.
“With so many fun options and a high return on vacation experience, it’s not surprising that the popularity of cruise holidays continues to grow.”
Looking for a great cruise deal?
Would you like to experience cruising for yourself? Whether you are looking for a short cruise to Tasmania or a luxury cruise around the South Pacific or Europe, Cruise 1st have rounded up the best cruise deals right here for you.
Images sourced via Flickr Creative Commons. Credit:KLB