Economic increase from cruise sector

first_imgThe tenth consecutive Cruise Down Under (CDU) report has found cruising locally and abroad in the financial year had injected a total output value of AUD $3.16 billion into the economy.The report has revealed this represents a 16 percent increase compared with the 2012 – 2013 financial year.CDU chairman Stephen Bradford, said the current findings showed a surge in cruising over ten years.“Total direct industry expenditure has reached AUD $1.85 billion, increasing by 30 percent per annum from just under AUD $155 million in 2004-05,” Mr Bradford said.“The study revealed a total expenditure by the international cruise shipping industry in Australia in 2013-14 was estimated at AUD $2.1 billion compared to AUD $1.9 billion in 2012-13.”Some of the key growth indicators, compared to ten years’ ago show:– The number of cruise ships visiting has almost doubled from 23 to 45.– Estimated total passenger expenditure has increased by 26 percent per annum from 24,380 to 63,335.– The number of cruise ship visits has grown by 10 percent per annum from 325 to 773.This is the tenth consecutive report from CDU, which is a national and regional independent study, investigating the benefits of the cruise sector to the Australian economy.Source = ETB News: Megan Tranlast_img

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