Cruise Industry Contributes $7.95Bln To Florida’s Economy

cruise

The global cruise industry contributed $7.95 billion to Florida’s economy in 2014, increasing 8.4 percent since 2013 and accounting for 38 percent of the cruise industry’s spending nationwide, 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 2014 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 Florida generated total economic impacts of 146,401 jobs and $6.8 billion in wages and salaries. In 2014, Florida’s total employment impact increased by 4.3 percent while the total wage impact rose by 4.6 percent.

“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, with Florida at the helm,” said Cindy D’Aoust, CLIA’s acting CEO. “Florida is not only the center for cruise organizations, it is the center of just about all aspects of the cruise industry.”

Cruise Passenger and Crew Spending in Florida

According to CLIA’s study, cruising at Florida ports generated 10.5 million passenger and crew visits, representing nearly half (45 percent) of all passenger and crew visits in the U.S. These visits produced $1.04 billion in passenger and crew onshore spending, or nearly $100 per visit. Total passenger and crew spending in Florida increased 9.6 percent from 2013.

Florida is the first and only state to generate more than $1 billion in annual passenger and crew expenditures,” said D’Aoust.

2014 CLIA Economic Impact Analysis

Florida

Totals

Share of the U.S. (percent)

Passenger Embarkations

6,891,000

62.3

Resident Cruise Passengers

3,702,000

32.9

Total Passenger & Crew Visits

10,496,000

45

Direct Expenditures ($ Millions)

$7,950

37.8

Total Employment Impact

146,401

39.2

Total Wage Impact ($ Millions)

$6,825

35.1

Additional findings from CLIA’s study:

  • Nearly 7 million (6.89 million) cruisers embarked from one of Florida’s five cruise ports (Port of Miami, Port Everglades, Port Canaveral, Port of Tampa and Port of Jacksonville), accounting for 62 percent of embarkations at all U.S. ports.
  • The cruise industry directly employed more than 16,000 Floridians, representing approximately 60 percent of the total employment of all cruise lines throughout the U.S.
  • Tourism-related industries received approximately $3.6 billion, or 45 percent of the cruise industry’s $7.95 billion in direct spending in Florida.
  • Another $1 billion, or 13 percent of the total, was spent with businesses in six additional business segments: food processors, machinery manufacturers and chemical manufacturers, advertising agencies, management and technical consulting companies and manpower agencies in the non-manufacturing sector.

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

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

Global Cruise Industry’s Contributions to the U.S. Economy
The growing economic impact from the cruise industry in Florida reflects the industry’s increasing contribution to the U.S. economy. In 2014, cruise lines, their passengers and crew spent a record $21 billion in the U.S. in 2014, up 16 percent since 2010 and representing a new peak in U.S. cruise industry expenditures. Total contributions of the global cruise industry to the U.S. economy reached a record $46.09 billion in 2014, up 4.5 percent from the previous year. This includes generating 373,738 U.S. jobs paying more than $19 billion in wages and salaries.

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