WASHINGTON -- The cruise industry expects to increase its passenger
capacity by 43% by 2002, more than twice the rate of growth
compared with the past five-year period, according to a study
commissioned by the International Council of Cruise Lines.
The study, conducted by PricewaterhouseCoopers and Wharton
Economics Forecasting Associates, found the cruise industry's
strong growth throughout the 1990s generated an average annual
increase of 6% to 10% in cruise passengers embarking from North
American ports, spurring the lines to introduce some 41 new
As a result, cruise lines, their passengers and their U.S.
suppliers poured $11.6 billion into the U.S. economy in 1997. The
study projects that figure will jump to $18.3 billion by 2002.
Direct spending in 1997 by cruise lines and passengers on goods and
services in the U.S. was $6.6 billion, generating 176,433 jobs,
according to the study.
The overall impact of the cruise industry on the U.S. economy
has risen sharply since the ICCL, a trade group representing 17
passenger cruise lines, released a similar study in 1993.
Then, the industry's economic impact was estimated at $6.3
billion, including direct spending by cruise lines and passengers
of $4.6 billion, generating 134,780 jobs.