"One of the characteristics of the cruise industry is that" - explains Serrano "it promotes the creation of opportunities and wealth generation in a very transversal way, benefiting economic sectors of a very diverse nature and all without losing sight of the fact that social, economic and environmental sustainability is part of its DNA; it is the unwavering pillar on which its strategy rests."

Economic contribution

The study developed by Tourism Economics / Oxford Economics estimates that the industry generated 5,670 million euros.

It also details the weight of the items that form part of direct expenditure:

Type of direct expenditure Millions of euros % of total

• Purchases by cruise companies 1,360 52 % of the total.

• Spending by tourists 780 30 % of total

• Shipbuilding and ship repair 380 15

• Crew members' expenditures 70 3

• Total 2,590 100 % of total

Likewise, the study concludes that each euro of direct spending generates an additional 1.2 euros in turnover.

Employment generation

Tourism Economics / Oxford Economics concludes that the industry supported the creation of 42,240 direct, indirect and induced jobs, as shown in the following table:

Type of employment Jobs generated % of total

• Direct 21,600 51 % of total

• Indirect 12,210 29 % Induced

• Induced 8,430 20 % Total 42,240

• Total 42,240 100 % Total 42,240 100

Meanwhile, the contribution in terms of payrolls and salaries amounted to 1.47 billion euros, broken down as follows:

Type of employment Payrolls and salaries % of total

• Direct 690,000 47 % Direct

• Indirect 450,000 31 % Indirect

• Induced 330,000 22% Total 1,470,000

• Total 1,470,000 100 % of total