BREAKINGNEWSThe cruise industry generated an economic impact of 5.67 billion...

The cruise industry generated an economic impact of 5.67 billion Euros in 2022

According to a study prepared by Tourism Economics / Oxford Economics for the Cruise Lines International Association (CLIA), the cruise industry had an economic impact of 5.67 billion euros and generated more than 42,240 jobs in Spain in 2022.

CLIA

 

director in Spain, Alfredo Serrano, views these figures very positively: "Especially the first part of 2022, was still marked by the pandemic and the resulting restrictions; as the epidemiological situation improved, the industry's recovery accelerated and consolidated, reflected in the economic impact and job creation, which reached levels very close to those achieved in 2019."

“One of the characteristics of the cruise industry is that,” Serrano explains, “it promotes the creation of opportunities and the generation of wealth in a very cross-cutting way, benefiting economic sectors of very diverse nature, all without losing sight of the fact that social, economic and environmental sustainability is part of its DNA; it is the unshakeable pillar on which its strategy is based.”

Financial contribution

The study developed by Tourism Economics / Oxford Economics estimates that the industry generated 5.67 billion euros, distributed as follows:

Type of income Millions of euros % of total
Direct spending 2.570 45 %
Indirect expenses 1.900 34 %
Induced spending 1.200 21 %
Total 5.670 100 %

Furthermore, it details the weight of the items that are part of direct spending:

Type of direct expenditure Millions of euros % of total
Purchases from cruise lines 1.360 52 %
Tourist spending 780 30 %
Shipbuilding and repair 380 15 %
Crew expenses 70 3%
Total 2.590 100 %

Similarly, the study concludes that each euro of direct spending generates an additional revenue of 1.2 euros.

Job creation

Tourism Economics / Oxford Economics concludes that the industry supported the creation of 42,240 jobs, including direct, indirect and induced jobs, as shown in the following table:

Type of employment Jobs created % of total
Straight 21.600 51 %
Indirect 12.210 29 %
Induced 8.430 20 %
Total 42.240 100 %

Meanwhile, the contribution in terms of payroll and salaries amounted to 1.47 billion euros, divided into:

Type of employment Payroll and salaries % of total
Straight 690.000 47 %
Indirect 450.000 31 %
Induced 330.000 22 %
Total 1.470.000 100 %

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