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Cruising dynamic to NSW economy Carnival

first_imgThe cruising industry is a “dynamic” asset to the New South Wales economy, according to Carnival chief executive Ann Sherry, with turnover expected to triple in the industry to up to $1.3 billion by 2020.According to a Deloitte Access Economics report commissioned by Carnival Australia, cruise value is expected to hike in NSW to $1.1 billion over the next eight years from $350 million during 2010-11, a jump that will greatly assist New South Wales, according to Carnival’s head.“These figures demonstrate yet again that cruising is a dynamic part of the New South Wales economy with its growth set to outstrip the State’s Gross State Product and the Australian Gross Domestic Product growth rates over the next decade,” Ms Sherry said. As well as rapid value incline, average annual expenditure of the industry is also expected to jump by 15 percent over the same period in NSW while annual expenditure is predicted to jump by 43 percent over the next two years alone to $1.036 billion to 2015-2016.To assist the booming sector, employment is also project to spiral from 3150 to move than 10,000 by 2020.Carnival said results of a commissioned national report is expected to be released soon.Keep an eye on e-Travel Blackboard for more cruise news. Costa Deliziosa Source = e-Travel Blackboard: N.Jlast_img read more

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