In 2019 the cruise sector in Lisbon corresponded to 0.16% of the national GDP, contributing with 336 million euros, reveals the study “Assessment of the Economic Impact of the Cruise Industry in Lisbon”, prepared by Nova School of Business and Economics for APL – Administration of the Port of Lisbon.
The analysis also concludes that, on average, the cruise tourist spent €82 in Lisbon, and that for each euro spent by passengers, between €1.65 and €3.78 is generated in the total production of the economy, “a multiplier effect greater than that of accommodation and catering”.
In the year under review, this sector generated production of 840 million euros for the economy, 133 million euros in taxes and 8, 863 jobs, at the same time that, with 310 stopovers, it means that each contributed, on average, €1.08 million to GDP, created 29 jobs and generated €0.43 million in tax revenue. This assessment also shows that the contributions of the cruise sector to retail were in the order of 48 million euros, followed by real estate services with approximately 40 million euros, accommodation with 37 million, restaurants with 29.3 million, transport with 24.2 million, and gross sales with 17.6 million.
Another relevant conclusion of the study is that cruise tourism peaks in spring and winter, in contrast to traditional tourism.
According to Carlos Correia, president of the Porto de Lisboa Administration (APL), these data confirm “the relevant economic contribution of the cruise sector in the national and regional economic fabric, with a significant positive impact on activities such as retail, real estate, accommodation, restaurants, transport, among others.” Bearing in mind these values, Carlos Correia emphasizes that “the importance that cruise activity represents for its destinations is undeniable, so APL will continue to be strongly committed to working, together with the city, to ensure that the positive impact of this activity is more than just economic, executing projects and initiatives that also contribute to environmental and social sustainability in Lisbon.”
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