Europe’s Continuing Cruising Growth and a Vibrant Hub European Economic Contribution Report reveals the cruise industry contributed a record €47.86 billion to the European economy in 2017, including direct expenditures of €16.9 billion, and generated more than 400,000 jobs with wage income of €12.77 billion – and provides key trends and factors for Europe to continue to be a vibrant cruise hub.
s the global cruise industry continues to grow and expand into new destinations, Europe remains a vibrant hub for cruising. According to new figures released by Cruise Lines International Association (CLIA) in its updated European Economic Contribution Report, the cruise industry contributed a record €47.86 billion to the European economy in 2017. This represents an increase of 16.9 percent against the previous figure released in 2015. “The cruise industry continues to make significant contributions to Europe’s economy,” said David Dingle, chairman of Carnival UK and CLIA Europe. “Its positive economic benefit is clear as cruise continues to contribute significantly to the European economy through smart sustainable growth.” Sharing more, David Dingle then added, “This is thanks to more Europeans choosing a cruise holiday, more cruise passengers sailing in Europe, and more cruise ships being built in European shipyards. This all translates into substantial economic benefits for the entire continent.” MORE ON THE SUBSTANTIAL IMPACT AND CONTRIBUTIONS The recent European Economic Contribution Report provided more on the positive contributions and substantial impact of cruising, from direct expenditures, creating new jobs and employment opportunities. 60 THIRD QUARTER 2018 | TRAVEL & CRUISE
Last year, the direct expenditures generated by the cruise industry reached €19.70 billion, up from €16.9 billion in 2015. And in terms of employment, between 2015 and 2017, the cruise industry generated more than 43,000 new jobs across Europe, with 403,621 now employed in cruise and cruise-related businesses. Wages and other benefits for European workers reached €12.77 billion.
“…CRUISE CONTINUES TO CONTRIBUTE SIGNIFICANTLY TO THE EUROPEAN ECONOMY THROUGH SMART SUSTAINABLE GROWTH.” –DAVID DINGLE, CHAIRMAN, CARNIVAL UK & CLIA EUROPE
TRENDS AND KEY FACTORS AS EUROPE CONTINUES TO BE A VIBRANT CRUISING HUB As the trend continues with Europe as a vibrant hub for cruising, three key factors have been identified. These include:
Europe represents the world’s second-biggest source passenger market. Nearly 7 million (6.96 million) Europeans went on a cruise holiday in 2017, 7.8 percent more than in 2015. Europe remains the world’s second-most-popular cruise destination, second only to the Caribbean. The study showed that 6.50 million passengers embarked on their cruises from European ports in 2017, 6.1 percent more than in 2015. European shipyards are the heart of the world’s cruise ship building industry. They continue to build the world’s most innovative and largest ships, with spending on new builds and maintenance increasing for a sixth year. In 2017, cruise lines spent €5.6 billion in European shipyards, representing a 22.4 percent increase compared to 2015. Sixty-six cruise ships are currently on the order books of European shipyards for delivery by 2021, with a total value of more than €29.4 billion.
ADDITIONAL INSIGHTS BY CINDY D’AOUST, CLIA’S PRESIDENT AND CEO “We are confident that the cruise industry’s growth in Europe will be sustained for years to come. CLIA continues to work with policymakers, regulators and other stakeholders across a variety of important industry subjects including environmental and sustainability areas. Europe’s economic contribution is a direct result of the impressive growth the cruise industry saw in 2017, as it reached 26.7 million passengers on ocean cruises globally.”