Area Analysis 14
USVI Visitor Expenditures
$1,000.0 ——___—___—__—_—— 4,000.0
$900.0 4 : = : - 7 a ~ 3,800.0
- 3,600.0 $300.0 ~——____—_—— — 3,400.0
$700.0
3,200.0
$600.0 | —--— : —$_________| 3,000.0
ww "i & 2 =
$500.0 = 2,800.0 r 2,600.0
isitors (Thousands)
$400.0 - = - 2,400.0
$300.0 |—
2,200.0
$200.0 2,000.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
=== From Stopover Tourists (Mills) From Cruise Visitors (Mills) == Number of Total Visitors
It is apparent, however, that the amount of visitor expenditures from cruise ship passengers has not increased linearly with arrivals since 2009; whereby the ratio was more linear in prior years. Cruise passenger arrivals grew 4.94% to over 2.08 million in 2014 following growth of 5.37% in the prior year. Total expenditures from cruise ship visitors grew 3.73% to over $345 million in 2013, following growth of 6.7% in 2012.
Cruise Ship Passenger Arrivals
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 St. Thomas / St. John 1,909,984 1,901,275 1,917,371 1,754,557 1,507,623 1,751,328 1,887,096 1,790,550 1,886,647 1,979,926 Growth -0.46% 0.85% -8.49% -14.07% 16.16% 7.15% -5.12% 5.37% 4.94% St. Croix 54,502 35,191 7,146 2,510 105,093 149,418 158,186 117,165 116,436 138,055 Growth -35.43% -79.69% ~64.88% 4086.97% 42.18% 5.87% -25.93% 0.62% 18.57% Total 1,912,539 1,903,533. 1,917,878 1,757,067 1,582,264 1,858,946 2,008,991 1,904,468 1,998,579 2,083,890 Growth -0.47% 0.75% -8.38% -9.95% 17.49% 8.07% -5.20% 4.94% 4.27% Cruise Visitor Expenditures (Millions) $540.6 $558.8 $555.2 $441.0 $305.3 $306.3 $311.8 $332.7 $345.1 3.37% -0.64% -20.57% -30.77% 0.33% 1.80% 6.70% 3.73%
Source: Vi Bureau of Economic Research Totals for each island include 1st and 2nd ports of call; totals for USVI include only 1st port ofcall
irr. IGY American Yacht Harbor Marina fice)
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