THE economic value of cruising to NSW will
triple by 2020, according to a new report
commissioned by Carnival Australia.
The Deloitte Access Economics report
estimates that the turnover from NSW’s cruise
industry will triple from $400m in 2010-11 to
around $1.3 billion by 2020.
The report also predicted that a significant
rise in capacity in Sydney in the medium term
will drive the average expenditure growth by a
healthy 43% over the next two years, resulting
in a surge in total expenditure (including
passenger, crew and operator spending) to
$1.039 billion in 2015-16, and to $1.284 billion
by 2019-20.
Looking at the figures separately, the report
predicts annual passenger expenditure will rise
from $171 million in 2010-11 to $550 million in
2019-20, while operator expenditure will
increase from $205 million to $661 million over
the same period.
