Florida port surpassed US$103 million in total revenues for the 2018 financial year (Image: Port Canaveral Communications)
Cruise passenger numbers hit an all-time high at Port Canaveral in Florida, US this year, helping the port to generate more than US$103 million in total revenues for the 2018 financial year.
The number of passenger movements at Port Canaveral rose by 7.7% from 2017 to reach 4,568,431 in 2018.
The port’s operating revenues for 2018 reached US$101.72 million, an all-time high for multi-day cruise ship passengers at the port. The figures are US$8.44 million above last year’s reported revenues and a 120% jump from 2008.
“These historic achievements are affirmation that the course we’ve charted for our port is a good one,” said John Murray, port CEO. “We’re continuing to look ahead to strong organic growth, sound business planning, and a clear focus on creating a best-in-class experience for every customer.”
At the end of its 2018 financial year on 30 September, the port had earned US$103.75 million in total revenue. This is more than double the US$47.4 million it generated in 2008, representing a high return on cruise and other capital investments.
“These are exciting times at the port,” said Wayne Justice, chairman of the Port Canaveral Commissioners board. “Our evolution from a small man-made port for the military to a 21st-century economic driver for the central Florida region and beyond has been driven by deliberate and strategic decisions. Our strong partnerships with our customers and our community, combined with a commitment to enhance the value of our assets and invest in infrastructure will continue to promote solid growth and prosperity.”