THE EUROPEAN CRUISE INDUSTRY
2009 ECONOMIC ASSESSMENT
David DingleChief Executive Officer, Carnival UK
THE EUROPEAN CRUISE MARKET- ANOTHER YEAR OF GROWTH WITH
4.9 M PASSENGERS IN 2009
Growth2008
To2009
8% 8%9%
12%
17.5mGlobal
Passengers
28.6m cruise pax calls in
Europe
203,600 cruise beds in
Europe
4.9mEuropean
Passengers
Source: G.P. Wild (International) Limited and Business Research and Economic Advisors
THE CRUISE INDUSTRY’S DIRECT ECONOMIC IMPACT STILL GROWING, EXCEPT SHIPBUILDING
Source: G.P. Wild (International) Limited and Business Research and Economic Advisors
€8.4
€10.6
€14.2€12.9
€bn’s
AN ONGOING ALL-ROUND SUCCESS STORY
• 86% increase in cruise line purchases since 2005
• 143,000 European employees, of which ...
• 51,000 European seafarers, a 55% increase since 2005
• 4.8 m passengers spent €0.5bn in embarkation ports
• 23.8 m passenger visits to wayports, spending €1.5bn
A HIATUS IN EUROPEAN CRUISE SHIP BUILDING?
• Shipbuilding and repair is 33% of European cruise industry direct expenditure
• Shipbuilding and repair economic impact fell 11% in 2009
• American cruise lines in particular have slowed orders
• European market has stronger growth potential
• New shipbuilding orders require– Maximum encouragement of European markets
– Maximum support for European ship yards
ITALY REMAINS LARGEST EUROPEAN CRUISE ECONOMY
Direct Economic Impact of the European Cruise Industry 2009
Source: G.P. Wild (International) Limited and Business Research and Economic Advisors
€bn’s
TOTAL OUTPUT IMPACT OF EUROPEAN CRUISE INDUSTRY HAS GROWN 79% SINCE 2005
Total Output Impacts of the European Cruise Industry 2005-2009
Source: G.P. Wild (International) Limited and Business Research and Economic Advisors
€bn’s
A REMARKABLE STORY IN A CHALLENGING YEAR
The growing preference for cruising as a vacation, especially amongst
Europeans, continues to deliver economic growth, even in the most challenging consumer environment.