United States
Business
Research and Economic Advisors (BREA) was commissioned by the Florida-Caribbean
Cruise Association (FCCA) to conduct an analysis of the impact of the
North American cruise industry on the Florida economy. This analysis shows
that the State of Florida is the primary beneficiary of these impacts
in the United States. The major findings of BREA's analysis include the
following:
• The cruise industry and its passengers spent $7.8 billion on goods and services in the United States during 1999.
• Florida businesses received 37 percent of these expenditures for a total of $2.9 billion.
• This spending generated 33,884 direct employment opportunities among the cruise lines and its direct suppliers and a total of 83,611 jobs throughout the state when the indirect jobs are included.
• Accordingly, Florida accounted for 38 percent of the total jobs created by the industry throughout the United States.
• Similarly, Florida accounted for 34 percent of the direct and indirect wage income generated by the cruise industry throughout the nation.
• Florida cruise-related employees earned $2.4 billion in wages during 1999 while national cruise-related employees earned $7.0 billion in wages.
• In addition, the cruise lines, their passengers and the employees of the cruise lines and their suppliers, are a source of significant tax revenues for the state and local governments of Florida. BREA•s analysis showed that cruise industry activity in Florida generated $71.1 million in direct tax payments during 1999.
BREA also analyzed the cruise industry's planned introduction of new cruise ships in the North American market through 2005. Based upon this analysis, BREA determined that the cruise industry would continue to expand its presence in Florida. In particular BREA estimated the following:
• The supply of bed days on ships homeporting in Florida will increase by 52 percent between 1999 and 2005 bringing the supply of bed days to over 31 million by 2005.
In addition, passenger embarkation from Florida in 2005 will increase to more than 5.8 million in 2005 a 48 percent increase from 1999.
As a result of this increased activity, the number of jobs that the cruise industry is expected to create through direct and indirect impacts will increase to 115,859 in Florida with a payroll (in 1999 dollars) of $3.3 billion in 2005. This represents an average annual growth of 5.6 percent over the six-year period.
Thus, there is no doubt that Florida is the cruise capital of the United States, that the state is the recipient of significant economic benefits from the cruise industry and that the economic impacts in Florida will continue to increase as the industry expands its presence in the state.
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• The cruise industry and its passengers spent $7.8 billion on goods and services in the United States during 1999.
• Florida businesses received 37 percent of these expenditures for a total of $2.9 billion.
• This spending generated 33,884 direct employment opportunities among the cruise lines and its direct suppliers and a total of 83,611 jobs throughout the state when the indirect jobs are included.
• Accordingly, Florida accounted for 38 percent of the total jobs created by the industry throughout the United States.
• Similarly, Florida accounted for 34 percent of the direct and indirect wage income generated by the cruise industry throughout the nation.
• Florida cruise-related employees earned $2.4 billion in wages during 1999 while national cruise-related employees earned $7.0 billion in wages.
• In addition, the cruise lines, their passengers and the employees of the cruise lines and their suppliers, are a source of significant tax revenues for the state and local governments of Florida. BREA•s analysis showed that cruise industry activity in Florida generated $71.1 million in direct tax payments during 1999.
BREA also analyzed the cruise industry's planned introduction of new cruise ships in the North American market through 2005. Based upon this analysis, BREA determined that the cruise industry would continue to expand its presence in Florida. In particular BREA estimated the following:
• The supply of bed days on ships homeporting in Florida will increase by 52 percent between 1999 and 2005 bringing the supply of bed days to over 31 million by 2005.
In addition, passenger embarkation from Florida in 2005 will increase to more than 5.8 million in 2005 a 48 percent increase from 1999.
As a result of this increased activity, the number of jobs that the cruise industry is expected to create through direct and indirect impacts will increase to 115,859 in Florida with a payroll (in 1999 dollars) of $3.3 billion in 2005. This represents an average annual growth of 5.6 percent over the six-year period.
Thus, there is no doubt that Florida is the cruise capital of the United States, that the state is the recipient of significant economic benefits from the cruise industry and that the economic impacts in Florida will continue to increase as the industry expands its presence in the state.
Back to Main Press Release Page