Global Cruise Industry Contributes $1.15 Billion to New York Economy Approximately $122 Million in Onshore Spending in New York From More than 750,000 Cruise Passenger and Crew Visits New York Ranks Among Top Five in State Economic Benefits From Cruise Industry
T
he global cruise industry contributed $1.15 billion to New York’s economy in 2016, 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 New York generated total economic impacts of 15,708 jobs and $975 million in wages and salaries.
Cruise Passenger and Crew Spending in New York
According to CLIA’s study, cruising from New York’s Manhattan and Brooklyn Cruise Terminals generated 754,000 passenger and crew visits. These visits produced $122 million in passenger and crew onshore spending, or nearly $162 per visit.
2016 CLIA Economic Impact Analysis
New York Total Share of the U.S. (percent)
Passenger Embarkations 499,000 4.3
Resident Cruise Passengers 524,000 4.6
Total Passenger & Crew Visits 754,000 3.1
Direct Expenditures ($ Millions) $1,147 5.3
Total Employment Impact 15,708 4.0
Total Wage Impact ($ Millions) $975 4.7
Additional findings from CLIA’s study:
Nearly 500,000 cruisers embarked from New York’s cruise terminals, which primarily serve as places of embarkations for cruises to Canada, Bermuda, the Bahamas and the Caribbean. The Manhattan Cruise Terminal handled approximately 90 percent of the passengers, while the Brooklyn Cruise Terminal processed the remaining 10 percent.
Tourism-related industries received approximately $416 million, or 36 percent of the cruise industry’s direct spending in New York.
Another $424 million, or 37 percent of direct expenditures in New York, was spent with businesses in five additional business segments: food processors, textile and apparel manufacturers, and petroleum refiners and distributors within the manufacturing sector; and advertising agencies and financial services, including banking, insurance and securities companies in the nonmanufacturing sector.
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 New York 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 contributions1 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/research/us_economicimpact-100217.pdf?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.
