WATCH: Port Canaveral Earned $3.9 Billion Revenue and Produced 32,650 Jobs From Cruise Tourism

By  //  December 9, 2019

Share on Facebook Share on Twitter Share on LinkedIn Share on Delicious Digg This Stumble This

The cruise segment of Port Canaveral alone generated $1.3 billion in economic impact

ABOVE VIDEO: Check out the latest video about Port Canaveral, looking back at the accomplishments in 2019, an update on our cruise and cargo businesses, and a look ahead to 2020. Port Canaveral is one of Central Florida’s greatest assets when it comes to cruise-related tourism and the transportation of bulk commodities such as petroleum, salt and other resources.

BREVARD COUNTY • PORT CANAVERAL, FLORIDA (TravelandTourWorld.com) – Port Canaveral is one of Central Florida’s greatest assets when it comes to cruise-related tourism and the transportation of bulk commodities such as petroleum, salt and other resources.

The sea hub in Central Florida , which is the second-busiest cruise port in the world, has an economic contribution throughout the state of Florida in the past year totaling $3.9 billion, producing 32,650 jobs and $1.3 billion in wages, based on a Business Research & Economic Advisors study, which also noted that the activity across all business lines resulted in $1.94 billion in direct impact in the Central Florida economy, which contributed to the direct employment of more than 17,200 workers who received $729.4 million in wages.

The cruise segment of Port Canaveral alone generated $1.3 billion in economic impact and supported 12,964 regional jobs paying $516.6 million in annual wages.

And its cargo business surpassed 6.5 million tons, generating $9.3 million in revenue for the port. Because of this growth, port officials shared a brief update on some of the upgrades happening at the sea hub heading into 2020.

The construction is still on schedule at Cruise Terminal 3, a new $163 million facility dubbed “Launch Pad.” This new facility will allow the world’s second-busiest sea hub to accommodate mega cruise ships, which will bring more visitors to the port and benefit the overall region.

The 188,000-square-foot passenger terminal, also known as Terminal 3, will be home to Miami-based Carnival Corp.’s new Mardi Gras cruise ship, the largest in the company’s fleet.

Mardi Gras will carry up to 6,500 passengers when it begins sailing in 2020.

The cruise segment of Port Canaveral alone generated $1.3 billion in economic impact and supported 12,964 regional jobs paying $516.6 million in annual wages.
Fitch Ratings Affirms ‘A’ Rating and ‘Stable’ Outlook on Canaveral Port Authority Revenue BondsRelated Story:
Fitch Ratings Affirms ‘A’ Rating and ‘Stable’ Outlook on Canaveral Port Authority Revenue Bonds

Leave a Comment