Cruise Lines: 357,000 Passengers; US$422 Million In Gross Revenues; US$63 Million To Cuba; US$110 Million To Airlines; US$45 Million To Hotels & Restaurants In Florida
/As Of 10 May 2017, The Three Largest United States Cruise Lines Could Deliver 357,000 Passengers During 211 Sailings To Cuba In 2017/2018/2019; US$422 Million In Gross Revenues; US$50 Million Spent By Passengers In Cuba; Port Fees To Cuba US$13 Million. United States Airlines US$110 Million; South Florida Hotels & Restaurants US$45 Million
The three (3) largest United States-based cruise lines have announced more than 211 itineraries for the 2017, 2018 and 2019 sailing seasons which include the Republic of Cuba. Additional itineraries are expected to be announced soon. And, smaller cruise lines are also operating in the Republic of Cuba marketplace.
Do they know what others don’t know? Or, are they walking a proverbial plank? Are the three CEO’s: Mr. Frank J. Del Rio (Miami, Florida-based Norwegian Cruise Lines Holdings Ltd), Mr. Arnold W. Donald (Miami, Florida-based Carnival Corporation & plc) and Mr. Richard D. Fain (Miami, Florida-based Royal Caribbean Cruises Ltd) presenting a dare to the President of the United States or enticing the President’s corporate salivary gland?
In 2016, the three cruise lines combined operated a fleet of approximately 144 vessels, managed approximately 14 brands, earned approximately US$28.8 billion in gross revenues, and employed approximately 218,000 men and women.
If each vessel sails at capacity, a total of more than 357,000 passengers will visit the Republic of Cuba from 2017 through 2019.
The gross revenues to the cruise lines from the 211 Republic of Cuba sailings would be projected to exceed US$422 million from 2017 through 2019.
The 357,000 passengers would be projected to spend approximately US$50 million in the Republic of Cuba [approximately US$140.00 per person in expenditures and organized/non-organized excursions including cost(s) for tour(s), meals (government-operated and privately-operated), ground transportation (privately-operated classic car tours), sundries and souvenirs (including spirits, coffee, tobacco, artwork and crafts)].
Vessel port charges in the Republic of Cuba may exceed US$13 million, ranging up to approximately US$79,000.00 for the largest vessels (684-passenger to 2,052-passenger).
United States-based airlines may benefit from gross revenues of more than US$110 million from transporting passengers to/from Florida in conjunction with the cruise schedules. Hotels and restaurants in South Florida could benefit from an additional US$45 million in gross revenues from guests arriving for and/or departing from cruises.
