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An animal attraction that earns the vast majority of its revenue from visiting tourists is suffering significant declines as a result of the cruise industry.
Tom Anstey | Planet Attractions | 08 Jan 2024
An animal attraction that earns the vast majority of its revenue from visiting tourists is suffering significant declines as a result of the cruise industry.
The Cayman Turtle Centre (CTC), which is operated by the country’s government, has said that revenues are expected to decline from US$7.5m a year to US$5.9m by 2025, with a lack of visiting cruise ships the reason.
Since the emergence of Covid in 2019, cruise passengers have declined by nearly 500,000 people, with 1.17 million passengers in 2023 compared to 1.62 million in 2019. Government projections say that that number will plummet in 2024 to just 746,0000, with Carnival and Royal Caribbean reducing calls due a “lack of a walk-on, walk-off facility”.
“This reduction in cruise calls is expected to impact CTC’s revenue significantly,” said Christopher Jackson, CEO of CTC.
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