The cruise industry supports over 12,500 jobs in the Baltic Sea region, according to a new Economic Impact Study by GP Wild. The region has been recently seeing a surge of cruise passengers, which is showing on the positive economic impact in the region.
According to the Economic Impact Study, the cruise industry generated a total output of EUR 1.5 billion in 2018, which supported exactly 12,595 total jobs in the Baltic. Of the EUR 1.5 billion, EUR 681 million were directly generated by cruise guests, crew and cruise line spending.
The study also shows that the cruise passengers account for approximately 60% of all spending in the Baltic region (EUR 407.3 of the total of EUR 681).
The Baltic Sea is a vibrant hub for cruising and has set records in both calls, turnarounds and cruise numbers in 2018. This all translates into substantial economic benefits for the region. The new study shows terrific numbers for the region and we are very proud to be working in an industry that has such a positive impact on the local economy,
…says Claus Bødker, Director of Cruise Baltic.
The Economic Impact Study is based on data collected and estimates for the 29 ports in ten countries which comprise Cruise Baltic. Three ports in Kiel, Riga and St. Petersburg, which are technically not part of Cruise Baltic, are also included in the study to provide a complete picture of the region.
Fortunately, everything indicates that the number of cruise guests will continue to increase in 2019,
…added Mr. Bødker.