Economic Significance of the Cruise Industry for the Hamburg Region

An economic impact study, commissioned prior to the pandemic, by Hamburg Cruise Net S.A. and the Free and Hanseatic City of Hamburg, investigated the regional value-added contribution of the cruise industry to Hamburg's economy. According to the study, the impact of regional production value/turnover amounted to around €1.03 billion per year.

The contribution to gross value added - a better measure of economic significance after deduction of intermediate input - was around €419.7 million. This corresponds to the creation of approximately 4,490 additional full-time jobs in addition to direct employment at the cruise lines.

“The positive effects of the cruise business on Hamburg´s economy are spread broadly across a number of sectors, with the service sector - in particular hospitality, trade and the advertising industry - benefiting the most, all the more so when maritime events such as the Hamburg Cruise Days and the Hamburg Port Anniversary, or Seatrade Europe, attract thousands of cruise fans to the city.”
Simone Maraschi, Managing Director, Cruise Gate Hamburg