The latest research into the economic impact of cruise shipping in Australia has revealed yet another year of tremendous growth.
According to the report released at last week’s Cruise Down Under conference in Hobart, the Australian cruising industry grew by 30% in one year.
Expenditure by the international cruise shipping industry in Australia in 2011-12 was estimated at $1.77 billion, compared to $1.1 billion in 2010-11.
Including domestic passenger spending, the total expenditure was $2.4 billion.
“The findings of the 2011-12 report represent another year of strong growth for the industry and continues to exceed expectations,” said Chris White, Chairman of CDU.
“It demonstrates the continued positive growth trend for the cruise industry, despite the ongoing global economic challenges.”
The study also found that direct expenditure increased by 48% to $1.39 billion compared with $941 million in 2010-11.
“This was mainly attributed to a higher number of base port visits which resulted in higher passenger and crew expenditure as well as significantly higher port-related expenditure,” White said.
Overall, cruise ship visits to Australian ports in 2011-12 rose from 573 to 736; and total guest expenditure increased from $303m to $443m.
Expenditure by crew was up from $43m to $60m.
Total port-related expenditure increased from $440m to $733m.
The CDU study has been released every year since 2005.
“It now provides us with eight years of robust analysis of the contributions to the Australian economy provided by this continually growing industry,” White said.