Cruise Industry Contributes $3.2 Billion to Canadian Economy 2016

   May 2, 2017 ,   Cruise Industry

Cruise ships, along with their crew and passengers, make a significant annual contribution to the economy of Canada.

Cruise industry spending is increasing in all three of Canada's major coastal cruise regions – BC, Quebec and Atlantic Canada. Those are among the findings of a new study detailing the economic impact of the cruise industry in Canada – including everything from spending by cruise lines home-porting and making port calls; to on-shore spending by passengers and crew members; to commissions paid to travel agents across the country.

The study, entitled The Economic Contribution of the International Cruise Industry in Canada 2016, was prepared by Business Research & Economic Advisors (BREA) for the Cruise Lines International Association-North West & Canada (CLIA-NWC), the St. Lawrence Cruise Association, the Atlantic Canada Cruise Association and Cruise BC. The study is based on data from 2016 with comparisons to 2012, the last time a comparable study was commissioned.

Total economic impact of USD 3.2 billion – including direct and indirect spending – increased 34% since 2012, attributed to gains in cruise line, passenger and crew spending, along with increases in business taxes such as those on food, fuel and retail items, and a favourable Canadian exchange rate. The 9% increase in passenger visits between 2012 and 2016 is about to be eclipsed by a 14% single-year growth forecast for 2017, ensuring further gains in cruise industry spending in the coming year.

This website uses cookies and local storage. By using our services, you agree to our use of cookies and local storage.