Cruise report highlights economic impact
SYDNEY – A new Access Economics report shows that the Australian cruise industry remains the standout performer in the tourism sector.
The report found that the cruise industry is expected to achieve annual growth of seven percent over the next 10 years, significantly outperforming the Australian economy.
It recommended a number of infrastructure policy options to help avoid “current and future bottlenecksâ€.
Carnival Australia believes the industry’s economic contribution could exceed A$3 billion by about 2020 but said this would only be achieved if state and federal governments commit to significant infrastructure planning and implementation.
In its second annual report on the cruise industry, Access Economics found that the economic contribution in both gross output terms and value added terms grew 54 percent to A$1.2 billion in 2007-08.
This growth was in “stark contrast†to the general holiday sector where international tourism rose by a modest 3.9 percent based on visitor nights and domestic tourism activity dropped 2.4 percent, the report said.
Carnival Australia CEO Ann Sherry said the latest results exceeded the company’s own forecasts and highlighted the resilience of the cruise industry during the global financial crisis as well as its significant economic contribution.
Carnival Australia represents brands including P&O Cruises, Princess Cruises, Cunard, Seabourn and Costa.
“The latest report from Access Economics is a compelling addition to the intensifying debate around the critical issues facing the cruise industry now and into the future, Ms Sherry said.
“We will continue to work with governments to ensure the development of long term solutions to overcome capacity constraints that could impede the sector’s continued expansion.
“Carnival Australia welcomes the progress made to improve port facilities but much remains to be done to ensure that this key part of the tourism sector continues to provide thousands of jobs in major ports around Australia.â€
Ian Jarrett
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