Global Cruise Industry Contributes $486 Million to

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
70
Global Cruise Industry Contributes $486 Million to Massachusetts Economy

Washington DC, Oct. 04, 2017 (GLOBE NEWSWIRE) -- The global cruise industry contributed $486 million to Massachusetts’ economy in 2016, up nearly 10 percent since 2014, according to a new study from Cruise Lines International Association (CLIA), the largest cruise industry trade association and the leading authority of the global cruise community.  

CLIA’s 2016 Economic Impact Analysis, an independent study commissioned by CLIA and conducted by Business Research and Economic Advisors (BREA), shows that the cruise industry’s direct expenditures in Massachusetts generated total economic impacts of 7,329 jobs and $483 million in wages and salaries.

“The cruise industry is a critical contributor to the U.S. economy and we see evidence of the industry’s positive effect spreading into every state, including Massachusetts,” said Cindy D’Aoust, CLIA’s president and CEO. “Mainly due to the continuous improvements Boston has invested in its CruisePort, cruise ships sailing from Boston carried significantly more passengers in 2016. Massachusetts continues to be an important market for the cruise industry.”

Cruise Passenger and Crew Spending in Massachusetts

Cruising from Boston generated 431,000 passenger and crew visits, producing $34.8 million in passenger and crew onshore spending, or approximately $81 per visit.

2016 CLIA Economic Impact Analysis

Massachusetts Total Share of the U.S. (percent)
Passenger Embarkations 156,000 1.3
Resident Cruise Passengers 356,000 3.1
Total Passenger & Crew Visits 431,000 1.8
Direct Expenditures ($ Millions) $486 2.2
Total Employment Impact 7,329 1.9
Total Wage Impact ($ Millions) $483 2.3

Additional findings from CLIA’s study:

  • Tourism-related businesses received approximately $213 million, or 44 percent of the cruise industry’s direct spending in Massachusetts.
  • Another $187 million, or 38 percent of the industry’s direct spending in Massachusetts was spent with businesses in five additional business segments: food processors and petroleum companies within the manufacturing sector and advertising agencies, insurance agencies and management consulting firms in the nonmanufacturing sector.
  • The remaining 18 percent of direct expenditures in Massachusetts impacted many other industries throughout the state including law firms, business service companies, such as computer services, software consulting and marketing, manufacturers of textile and apparel products, and educational and training institutions.

Top Ten States

According to CLIA’s study, the top ten states benefitting economically from the cruise industry are:

Top Ten States Benefitting Economically from the Global Cruise Industry

1. Florida 6. Washington
2. California 7. Georgia
3. Texas 8. Illinois
4. New York 9. Massachusetts
5. Alaska 10. New Jersey

Source: CLIA 2016 Economic Impact Analysis

Global Cruise Industry’s Contributions to the U.S. Economy

The growing economic impact from the cruise industry in Massachusetts reflects the industry’s increasing contribution to the U.S. economy. In 2016, cruise lines, their passengers and crew spent a record $21.69 billion in the U.S., up 15 percent since 2011 and representing a new peak in U.S. cruise industry expenditures. Total contributions 1 of the global cruise industry to the U.S. economy reached a record $47.76 billion in 2016, up 3.6 percent from 2014. This includes generating 389,432 U.S. jobs paying more than $20 billion in wages and salaries.

About the CLIA 2016 Economic Impact Analysis

The CLIA 2016 Economic Impact Analysis is an independent study conducted by BREA and commissioned by CLIA. Spending estimates were compiled based on surveys of cruise lines, passengers and crew. Economic impacts of cruise lines, passengers and crew spending were generated using generally accepted input/output methodology. Detailed methodology is outlined in the full report http://cruising.org/docs/default-source/resea...f?sfvrsn=2 .

About Cruise Lines International Association (CLIA) – One Industry, One Voice

Cruise Lines International Association (CLIA) is the world’s largest cruise industry trade association, providing a unified voice and leading authority of the global cruise community. The association has 15 offices globally with representation in North and South America, Europe, Asia and Australasia. CLIA supports policies and practices that foster a safe, secure, healthy and sustainable cruise ship environment for the more than 24 million passengers who cruise annually and is dedicated to promote the cruise travel experience. Members are comprised of the world’s most prestigious ocean, river and specialty cruise lines; a highly trained and certified travel agent community; and cruise line suppliers and partners, including ports & destinations, ship development, suppliers and business services. The organization’s mission is to be the unified global organization that helps its members succeed by advocating, educating and promoting for the common interests of the cruise community. For more information, visit www.cruising.org or follow Cruise Lines International Association on CLIA Facebook and Twitter pages.


1 Total economic contributions include direct, indirect and induced impacts. This includes direct spending by cruise lines and passengers, including food and beverages, fuel, financial and business services and entertainment in support of cruise operations, as well as the goods and services purchased by the directly impacted businesses and employees from other B2B and B2C enterprises.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...f308251be2

Sarah Kennedy Cruise Lines International Association 202-759-9313 skennedy@cruising.org

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Tragedy Highlights Need for E-bike Safety Overhaul

Updated Category News Views 3

A Dire Wake-Up Call in the East Village We're staring hard at a heartbreaking mess in the East Village. A 15-year-old girl lost her life while riding an electric Citi Bike, hit by an industrial truck. Let's not dance around it—this is a gut punch, the kind you never want to ever hear about, and one that comes with a bitter flavor of 'what if?' Age Verification: A...

Continue Reading
Papa John's Faces Class Action Over Misleading Info

Updated Category News Views 0

Trouble Brewing for Papa John's Investors Rolling the dice in the stock market sometimes feels like playing the lottery, doesn't it? This time around, it's Papa John's (NASDAQ: PZZA) serving up a slice of turmoil for its investors. The pizza chain's got itself tangled in a class-action lawsuit, and it's the shareholders who're left with a bitter taste. Investors Cry Foul...

Continue Reading
Beta Bionics Lawsuit Deadline: Investors Face November 3 Cut-off

Updated Category News Views 4

Looming Deadline for Beta Bionics Investors Time's ticking fast for those holding onto Beta Bionics (BBNX) stock who might've been caught in a web of undisclosed risks and regulatory misses. Investors feeling the pinch from this fiasco have till November 3, 2026, to throw their hat in the ring as lead plaintiffs in the class action lawsuit out of California. The...

Continue Reading
Shanghai's Arts Carnival Fuses Tech and Culture

Updated Category News Views 2

Shanghai Heralds New Era in Arts with Carnival Coming in hot, Shanghai's ready to shake up the city's cultural scene with the 2026 International Audio-Visual Arts Carnival. It's happening in Jing'an District from September 24 to October 18, promising an experience that fuses travel, technology, and art. Just about anyone can catch a break from their daily grind and dive...

Continue Reading
Insta360 Expands with Times Square Flagship Store

Updated Category News Views 3

Insta360 Times Square Opening Marks Bold Expansion I dropped by Times Square today, and what do I see? Insta360 planting its flag right in the heart of New York City. Now, this isn't your run-of-the-mill grand opening—it’s the first flagship store outside of Asia, and it screams of big ambitions. Nestled at 1515 Broadway, the store is smack in the middle of one of the...

Continue Reading
Flying Car Regulatory Sandbox Begins in UAE

Updated Category News Views 3

Pioneering Flying Cars in the Desert In a move that seems right out of a science fiction screenplay, ARIDGE—the bigwig of flying cars from Asia—has taken a giant leap. They’ve cozied up with the UAE, locking arms to cook up the world's first regulatory sandbox for personal flying cars. Now, don’t laugh—sandbox isn't just for toddlers. It’s the playground where...

Continue Reading
Why Liver Nurture Taps into Health Sector Trends

Updated Category News Views 2

Liver Wellness: A Sector on the Rise Remember when everyone was all about heart health and cholesterol levels? Seems like these days, folks have shifted their focus a bit south—right to the liver. It's no surprise, really. With our modern diet and lifestyle choices squeezing the life out of this hard-working organ, people are on the hunt for ways to give it the TLC it...

Continue Reading
Med Spa Visits: Key Insights from Lindsey Smith

Updated Category News Views 3

Moving Beyond the Fear Factor Stepping into a med spa for the first time can be nerve-wracking, especially if you're unsure of what to expect. Lindsey Smith, an expert from Flawless Med Spa in Bryant, Arkansas, knows just how critical it is to navigate this terrain with clarity. Her approach emphasizes building a foundation of trust and understanding from the get-go. Fear...

Continue Reading
USPS Rolls Out Christmas Cookie Stamps Nationwide

Updated Category News Views 2

USPS Delivers Nostalgia with Cookie-Themed Stamps Let's talk stamps, folks. The U.S. Postal Service has rolled out its newest Christmas Cookies Forever stamps, bringing a dash of sugary nostalgia to mailboxes nationwide. The release was celebrated at the Smithsonian National Postal Museum, spotlighting a tradition as sweet as the sugar cookies themselves. These aren't...

Continue Reading
Qatar Foundation Spurs Sport-Driven Empowerment Moves

Updated Category News Views 1

Here we go, diving into the serious talk of the moment: sports pushing boundaries to uplift society's underdogs. Envision yourself in the halls of Wilton Park, where the thinkers, the dreamers, and the doers convened in the name of change. Qatar Foundation ain't just sitting pretty; they're championing the cause to harness sport for impactful social threads across the...

Continue Reading

Top 5 Most Recently Viewed Articles

Essential Winter Preparation Tips from Quality Heating Experts

Updated Category News Views 87

Essential Winter Preparation Tips from Quality Heating Experts Tulsa home service experts share maintenance tips to help families stay safe and comfortable during winter. Quality Heating, Cooling, Plumbing & Electric, a prominent service provider in HVAC, plumbing, and electrical solutions, emphasizes the necessity of preparing your home for the winter months. The...

Continue Reading
Adecoagro S.A. Achieves Impressive Financial Growth in 2024

Updated Category News Views 216

Adecoagro S.A.: Outstanding Financial Results for the Year Adecoagro S.A. (NYSE: AGRO), a notable leader in sustainable agricultural production, has reported remarkable financial results for 2024. The company showcased adjusted EBITDA of $444 million and NCFO of $161 million, despite facing operational challenges in the market. Main Financial Highlights In 2024, Adecoagro...

Continue Reading
Exciting Consumer Trends You Shouldn't Miss This Week

Updated Category News Views 356

This Week's Consumer News Highlights With the consumer goods landscape changing rapidly, it can be tough to keep up with the latest innovations and news. This week brings a flurry of exciting announcements from various brands, introducing fresh flavors, innovative designs, and enticing offers that are bound to appeal to shoppers. Let's dive into the top stories shaping...

Continue Reading
BC.GAME Strengthens Global Compliance for Future Growth

Updated Category News Views 198

BC.GAME's Strategic Compliance Enhancement BC.GAME, a premier cryptocurrency i-Gaming platform, has taken a significant step by withdrawing its gaming license from Curaçao. This decision is a bold reflection of the evolving dynamics within the global gaming sector, particularly highlighting the challenges that operators face in Curaçao due to its outdated legal...

Continue Reading
Alliant Insurance Services Rebrands FutureSense to Enhance HR Solutions

Updated Category News Views 100

Alliant Insurance Services Rebrands FutureSense as Alliant Human Capital IRVINE, Calif. — Alliant Insurance Services has officially rebranded FutureSense, LLC as Alliant Human Capital, marking a significant evolution in HR consulting. This strategic decision reflects Alliant's commitment to enhancing its capabilities across various industries and regions, demonstrating...

Continue Reading