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Capital investment

Capital investment

The cruise industry has invested in a significant amount of property and facilities throughout Alaska, including hotels/lodges, rail cars, motor coaches, offices and maintenance shops. Many of the hotels are open year-round, including the Fairbanks Princess Riverside Lodge.

Alaska ranks fifth in the U.S. in cruise industry expenditures. The cruise industry has made a significant capital investment in property and facilities throughout the state, including hotels/lodges, rail cars, motor coaches, offices and maintenance facilities, with continued investment each year in construction, equipment and infrastructure improvements. Direct cruise industry spending in 2010 alone was $930 million.

One line operates six hotels throughout the state with a combined 1,201 rooms. All but the two smallest properties are open year-round to serve cruise and non-cruise travelers, along with local residents. A second line owns four seasonal wilderness lodges and one year-round hotel, with a combined room capacity of 1,617. The hundreds of jobs created by these properties put this company among the state’s top five employers in the leisure and hospitality field. These two companies alone are responsible for peak summer season employment of 3,600 jobs in Alaska, a state with a population of approximately 700,000.