Cruise market: Stakeholders and the role of ports and tourist hinterlands

Jeronimo Esteve-Perez and Antonio Garcia-Sanchez
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Jeronimo Esteve-Perez: Department of Naval Technology, Universidad Politécnica de Cartagena (UPCT), Paseo Alfonso XIII 52, 30203 Cartagena, Spain
Antonio Garcia-Sanchez: Department of Economics, Universidad Politécnica de Cartagena (UPCT), C. Real 3, 30201 Cartagena, Spain

Maritime Economics & Logistics, 2015, vol. 17, issue 3, 388 pages

Abstract: The cruise industry has been dynamically advancing over the last decades with an average annual growth rate in the worldwide number of cruise passengers of 7.84 per cent between 1990 and 2013. The Mediterranean Sea is the second cruise destination worldwide. The cruise market is characterized as an oligopoly within the subsector of cruise companies. A similar situation occurs in the Mediterranean homeports, in which a small number of ports account for a high percentage of home in/out passengers. With respect to the port of call segment, there are a large number available in the Mediterranean. The empirical analysis of the determinants of cruise traffic registered by a port is presented in this article, and the Spanish Mediterranean cruise ports are analyzed. To conduct the empirical analysis, principal component methodology and ordinary least-squares regression are used. The explanatory variables are related to the tourist attractiveness, the port infrastructure and port costs. The primary results of the study associate the number of cruise passengers with the attractiveness of the port hinterland, the port infrastructure and the management of port facilities.

Date: 2015
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