Princess Cruises adds seasons from Port of HoustonPrincess Cruises adds seasons from Port of Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=67522013-07-24T15:43:00Z2013-07-24T11:00:00Z

HOUSTON - Princess Cruises is the first cruise line slated to begin service to the Port of Houston's Bayport Cruise Terminal in November 2013. The Port of Houston Authority has signed an extended agreement with Princess Cruises for two additional seasons of cruise service.

A one-season contract with Princess and a three-season contract with Norwegian Cruise Lines were both signed in November 2012.

With the line’s extended contract, it will offer two more seasons of service starting in November of 2014 and 2015. Each season runs from November until May of the next year.

In its first season of service, Princess will sail 27 cruises from Houston, and in the following two seasons, it will sail an additional 50 cruises. The cruises will go to different destinations in the Caribbean.

The three seasons of Princess sailings are expected to generate $155 million of economic impact and lead to the creation of 736 direct, induced and indirect jobs. All the cruises together are expected to generate more than $300 million in economic impact.

Through parking and other fees, Princess is expected to contribute about $1.4 million in profit for the port.

However, for each cruise sailing, the port will give $80,000 to the cruise line for marketing purposes. This incentive payment will not exceed $2 million in total.

The $108.4 million, 96,000-sf Bayport Cruise Terminal has been empty since 2008.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2013/07/23/more-cruises-to-make-their-way-to-port.htmlRead more at {Source}

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