Port Canaveral Breaks Record with 6.8 Million Cruise Passengers in 2023

Capt. John Murray, Port Canaveral CEO, delivered the annual State of Port address on November 8 at Cruise Terminal 1.

The world’s busiest cruise port, Port Canaveral, set an all-time high with 6.8 million cruise passengers in financial year 2023.

The port homeported 13 ships and received 906 ship calls, according to a press release.

Port Canaveral’s operational income reached an unprecedented $191 million, including a record-breaking $158 million from cruise operations, he said.

“This Port is an economic powerhouse in the state of Florida,” Murray said. “Central Florida benefits immensely from our operations, with numerous jobs created, businesses thriving, and increased tourism. We play a crucial role in supporting Florida’s tourism industry.”

In 2024 the port is expected to homeport 13 cruise ships, hosting 7.3 million passengers and anticipating 913 ship calls. In order to handle the growing cruise traffic, the Port will dedicate $78 million from its Fiscal Year 2024 Capital Projects budget to Port-wide parking improvements.

Additional improvements will include a new camp store, pavilion renovations, road paving, and RV site upgrades at the Port’s Jetty Park.

“We’re very excited for the future,” Murray said. “We have some great assets coming online in the next few years and a lot of surprises for the business as a whole.”

$14 Million for Royal Caribbean Cruises CEO Fain

Richard Fain, chairman and CEO

Royal Caribbean Cruises reported executive compensation for a record 2019 financial year in a Friday evening SEC filing, just two days following the announcement the company was laying off approximately 26 percent of its U.S. workforce.

CEO and Chairman Richard Fain saw a $14.4 million payday in 2019, mostly driven by stock awards. Fain has agreed to forgo his base salary through September of this year due to the COVID-19 pandemic.

Other key company executives also enjoyed a robust pay check-in 2019, with Michael Bayley, president and CEO of the Royal Caribbean brand, taking in just over $7 million, up from $5.7 million the year prior.

Lisa Lutoff Perlo, president and CEO, Celebrity Cruises, saw compensation at $4.4 million.

The company noted it will consider the business and financial impact to the company, shareholders and employees in evaluating 2020 performance in early 2021, citing COVID-19.

Compensation Table: