Analysis of Luxury Cruise Ship Market for the Period 2023 to 2028 : Development, Growth and Key Factors (2023)

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Feb 02, 2023 (The Expresswire) --Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Luxury Cruise Ship industry.

"Luxury Cruise Ship Market" studies the global Market Size and Forecast by 2023-2028. The report includes a comprehensive study on the definition, classification and market survey of Production Units in the market along with their product specifications, applications and end-user industries. It also highlights the key driver’s unrelenting competition in the market while providing striking growth opportunities over the next 5 years. This report covers the Revenue, Gross Margin, Market Size and Price Analysis of the Global Market during the forecast period.

Luxury Cruise Ship Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2021, at unexpected CAGR during the forecast Period 2022-2028.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 105 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

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This research report is the result of an extensive primary and secondary research effort into the Luxury Cruise Ship market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends.It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Luxury Cruise Ship Market.

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Luxury Cruise Ship Market - Competitive Analysis:

Who are the Leading Key Players Operating In this Market?

● Royal Caribbean International
● Cruise Critic
● Azamara
● Oceania Cruises
● Carnival
● Norwegian Cruise Line
● Viking Ocean Cruises
● Seabourn Cruise Line
● Crystal Cruises
● Regent Seven Seas Cruises
● Silversea Cruises
● American Cruise Lines
● Princess Cruises
● Celebrity Cruises

Attractive Opportunities In the Luxury Cruise Ship Market:

The Global Luxury Cruise Ship market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Market Analysis and Insights: Global Luxury Cruise Ship Market

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Due to the COVID-19 pandemic, the global Luxury Cruise Ship market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of during the review period. Fully considering the economic change by this health crisis, Large Luxury Cruise Ship accounting for of the Luxury Cruise Ship global market in 2021, is projected to value USD million by 2028, growing at a revised CAGR in the post-COVID-19 period. While Entertainment segment is altered to an CAGR throughout this forecast period.

China Luxury Cruise Ship market size is valued at USD million in 2021, while the US and Europe Luxury Cruise Ship are USD million and USD million, severally. The proportion of the US is in 2021, while China and Europe are and respectively, and it is predicted that China proportion will reach in 2028, trailing a CAGR of through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR,, and respectively for the next 6-year period. As for the Europe Luxury Cruise Ship landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of over the forecast period.

The global key manufacturers of Luxury Cruise Ship include Royal Caribbean International, Cruise Critic, Azamara, Oceania Cruises, Carnival, Norwegian Cruise Line, Viking Ocean Cruises, Seabourn Cruise Line and Crystal Cruises, etc. In 2021, the global top five players have a share approximately in terms of revenue.

In terms of production side, this report researches the Luxury Cruise Ship capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Luxury Cruise Ship by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Global Luxury Cruise Ship Scope and Segment

Luxury Cruise Ship market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Luxury Cruise Ship market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

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Luxury Cruise Ship Market - Segmentation Analysis:

Which segment is expected to lead the global Luxury Cruise Ship market during the forecast period?

Based on Type, the market can be classified intoLarge Luxury Cruise Ship, Small Luxury Cruise Ship

What are the key driving factors for the growth of the Luxury Cruise Ship Market?

Use of Entertainment, Travel, Others and in multiple sectors has led to significant growth in demand for Luxury Cruise Ship in the market

Which region is dominating the Luxury Cruise Ship market growth?

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Region Wise the global trend is analyzed across :

● North America (United States, Canada and Mexico)

● Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

● South America (Brazil, Argentina, Columbia etc.)

● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Luxury Cruise Ship Market Research/Analysis Report Contains Answers to your following Questions

● What are the global trends in the Luxury Cruise Ship market? Would the market witness an increase or decline in the demand in the coming years?

● What is the estimated demand for different types of products in Luxury Cruise Ship? What are the upcoming industry applications and trends for Luxury Cruise Ship market?

● What Are Projections of Global Luxury Cruise Ship Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

● Where will the strategic developments take the industry in the mid to long-term?

● What are the factors contributing to the final price of Luxury Cruise Ship? What are the raw materials used for Luxury Cruise Ship manufacturing?

● How big is the opportunity for the Luxury Cruise Ship market? How will the increasing adoption of Luxury Cruise Ship for mining impact the growth rate of the overall market?

● How much is the global Luxury Cruise Ship market worth? What was the value of the market In 2020?

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● Who are the major players operating in the Luxury Cruise Ship market? Which companies are the front runners?

● Which are the recent industry trends that can be implemented to generate additional revenue streams?

● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Luxury Cruise Ship Industry?

Customization of the Report

Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.

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Detailed TOC of Global Luxury Cruise Ship Market Insights and Forecast to 2028

1 Study Coverage
1.1 Luxury Cruise Ship Product Introduction
1.2 Market by Type
1.2.1 Global Luxury Cruise Ship Market Size by Type, 2017 VS 2021 VS 2028
1.2.2 Large Luxury Cruise Ship
1.2.3 Small Luxury Cruise Ship
1.3 Market by Application
1.3.1 Global Luxury Cruise Ship Market Size by Application, 2017 VS 2021 VS 2028
1.3.2 Entertainment
1.3.3 Travel
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Luxury Cruise Ship Production
2.1 Global Luxury Cruise Ship Production Capacity (2017-2028)
2.2 Global Luxury Cruise Ship Production by Region: 2017 VS 2021 VS 2028
2.3 Global Luxury Cruise Ship Production by Region
2.3.1 Global Luxury Cruise Ship Historic Production by Region (2017-2022)
2.3.2 Global Luxury Cruise Ship Forecasted Production by Region (2023-2028)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Global Luxury Cruise Ship Sales in Volume and Value Estimates and Forecasts
3.1 Global Luxury Cruise Ship Sales Estimates and Forecasts 2017-2028
3.2 Global Luxury Cruise Ship Revenue Estimates and Forecasts 2017-2028
3.3 Global Luxury Cruise Ship Revenue by Region: 2017 VS 2021 VS 2028
3.4 Global Luxury Cruise Ship Sales by Region
3.4.1 Global Luxury Cruise Ship Sales by Region (2017-2022)
3.4.2 Global Sales Luxury Cruise Ship by Region (2023-2028)
3.5 Global Luxury Cruise Ship Revenue by Region
3.5.1 Global Luxury Cruise Ship Revenue by Region (2017-2022)
3.5.2 Global Luxury Cruise Ship Revenue by Region (2023-2028)
3.6 North America
3.7 Europe
3.8 Asia-Pacific
3.9 Latin America
3.10 Middle East and Africa
4 Competition by Manufactures
4.1 Global Luxury Cruise Ship Production Capacity by Manufacturers
4.2 Global Luxury Cruise Ship Sales by Manufacturers
4.2.1 Global Luxury Cruise Ship Sales by Manufacturers (2017-2022)
4.2.2 Global Luxury Cruise Ship Sales Market Share by Manufacturers (2017-2022)
4.2.3 Global Top 10 and Top 5 Largest Manufacturers of Luxury Cruise Ship in 2021
4.3 Global Luxury Cruise Ship Revenue by Manufacturers
4.3.1 Global Luxury Cruise Ship Revenue by Manufacturers (2017-2022)
4.3.2 Global Luxury Cruise Ship Revenue Market Share by Manufacturers (2017-2022)
4.3.3 Global Top 10 and Top 5 Companies by Luxury Cruise Ship Revenue in 2021
4.4 Global Luxury Cruise Ship Sales Price by Manufacturers
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Luxury Cruise Ship Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5.3 Global Luxury Cruise Ship Manufacturers Geographical Distribution
4.6 Mergers and Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Luxury Cruise Ship Sales by Type
5.1.1 Global Luxury Cruise Ship Historical Sales by Type (2017-2022)
5.1.2 Global Luxury Cruise Ship Forecasted Sales by Type (2023-2028)
5.1.3 Global Luxury Cruise Ship Sales Market Share by Type (2017-2028)
5.2 Global Luxury Cruise Ship Revenue by Type
5.2.1 Global Luxury Cruise Ship Historical Revenue by Type (2017-2022)
5.2.2 Global Luxury Cruise Ship Forecasted Revenue by Type (2023-2028)
5.2.3 Global Luxury Cruise Ship Revenue Market Share by Type (2017-2028)
5.3 Global Luxury Cruise Ship Price by Type
5.3.1 Global Luxury Cruise Ship Price by Type (2017-2022)
5.3.2 Global Luxury Cruise Ship Price Forecast by Type (2023-2028)
6 Market Size by Application
6.1 Global Luxury Cruise Ship Sales by Application
6.1.1 Global Luxury Cruise Ship Historical Sales by Application (2017-2022)
6.1.2 Global Luxury Cruise Ship Forecasted Sales by Application (2023-2028)
6.1.3 Global Luxury Cruise Ship Sales Market Share by Application (2017-2028)
6.2 Global Luxury Cruise Ship Revenue by Application
6.2.1 Global Luxury Cruise Ship Historical Revenue by Application (2017-2022)
6.2.2 Global Luxury Cruise Ship Forecasted Revenue by Application (2023-2028)
6.2.3 Global Luxury Cruise Ship Revenue Market Share by Application (2017-2028)
6.3 Global Luxury Cruise Ship Price by Application
6.3.1 Global Luxury Cruise Ship Price by Application (2017-2022)
6.3.2 Global Luxury Cruise Ship Price Forecast by Application (2023-2028)
7 North America
7.1 North America Luxury Cruise Ship Market Size by Type
7.1.1 North America Luxury Cruise Ship Sales by Type (2017-2028)
7.1.2 North America Luxury Cruise Ship Revenue by Type (2017-2028)
7.2 North America Luxury Cruise Ship Market Size by Application
7.2.1 North America Luxury Cruise Ship Sales by Application (2017-2028)
7.2.2 North America Luxury Cruise Ship Revenue by Application (2017-2028)
7.3 North America Luxury Cruise Ship Sales by Country
7.3.1 North America Luxury Cruise Ship Sales by Country (2017-2028)
7.3.2 North America Luxury Cruise Ship Revenue by Country (2017-2028)
7.3.3 United States
7.3.4 Canada
8 Europe
8.1 Europe Luxury Cruise Ship Market Size by Type
8.1.1 Europe Luxury Cruise Ship Sales by Type (2017-2028)
8.1.2 Europe Luxury Cruise Ship Revenue by Type (2017-2028)
8.2 Europe Luxury Cruise Ship Market Size by Application
8.2.1 Europe Luxury Cruise Ship Sales by Application (2017-2028)
8.2.2 Europe Luxury Cruise Ship Revenue by Application (2017-2028)
8.3 Europe Luxury Cruise Ship Sales by Country
8.3.1 Europe Luxury Cruise Ship Sales by Country (2017-2028)
8.3.2 Europe Luxury Cruise Ship Revenue by Country (2017-2028)
8.3.3 Germany
8.3.4 France
8.3.5 U.K.
8.3.6 Italy
8.3.7 Russia
9 Asia Pacific
9.1 Asia Pacific Luxury Cruise Ship Market Size by Type
9.1.1 Asia Pacific Luxury Cruise Ship Sales by Type (2017-2028)
9.1.2 Asia Pacific Luxury Cruise Ship Revenue by Type (2017-2028)
9.2 Asia Pacific Luxury Cruise Ship Market Size by Application
9.2.1 Asia Pacific Luxury Cruise Ship Sales by Application (2017-2028)
9.2.2 Asia Pacific Luxury Cruise Ship Revenue by Application (2017-2028)
9.3 Asia Pacific Luxury Cruise Ship Sales by Region
9.3.1 Asia Pacific Luxury Cruise Ship Sales by Region (2017-2028)
9.3.2 Asia Pacific Luxury Cruise Ship Revenue by Region (2017-2028)
9.3.3 China
9.3.4 Japan
9.3.5 South Korea
9.3.6 India
9.3.7 Australia
9.3.8 China Taiwan
9.3.9 Indonesia
9.3.10 Thailand
9.3.11 Malaysia
10 Latin America
10.1 Latin America Luxury Cruise Ship Market Size by Type
10.1.1 Latin America Luxury Cruise Ship Sales by Type (2017-2028)
10.1.2 Latin America Luxury Cruise Ship Revenue by Type (2017-2028)
10.2 Latin America Luxury Cruise Ship Market Size by Application
10.2.1 Latin America Luxury Cruise Ship Sales by Application (2017-2028)
10.2.2 Latin America Luxury Cruise Ship Revenue by Application (2017-2028)
10.3 Latin America Luxury Cruise Ship Sales by Country
10.3.1 Latin America Luxury Cruise Ship Sales by Country (2017-2028)
10.3.2 Latin America Luxury Cruise Ship Revenue by Country (2017-2028)
10.3.3 Mexico
10.3.4 Brazil
10.3.5 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Luxury Cruise Ship Market Size by Type
11.1.1 Middle East and Africa Luxury Cruise Ship Sales by Type (2017-2028)
11.1.2 Middle East and Africa Luxury Cruise Ship Revenue by Type (2017-2028)
11.2 Middle East and Africa Luxury Cruise Ship Market Size by Application
11.2.1 Middle East and Africa Luxury Cruise Ship Sales by Application (2017-2028)
11.2.2 Middle East and Africa Luxury Cruise Ship Revenue by Application (2017-2028)
11.3 Middle East and Africa Luxury Cruise Ship Sales by Country
11.3.1 Middle East and Africa Luxury Cruise Ship Sales by Country (2017-2028)
11.3.2 Middle East and Africa Luxury Cruise Ship Revenue by Country (2017-2028)
11.3.3 Turkey
11.3.4 Saudi Arabia
11.3.5 UAE
12 Corporate Profiles
12.1 Royal Caribbean International
12.1.1 Royal Caribbean International Corporation Information
12.1.2 Royal Caribbean International Overview
12.1.3 Royal Caribbean International Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.1.4 Royal Caribbean International Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 Royal Caribbean International Recent Developments
12.2 Cruise Critic
12.2.1 Cruise Critic Corporation Information
12.2.2 Cruise Critic Overview
12.2.3 Cruise Critic Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.2.4 Cruise Critic Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 Cruise Critic Recent Developments
12.3 Azamara
12.3.1 Azamara Corporation Information
12.3.2 Azamara Overview
12.3.3 Azamara Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.3.4 Azamara Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 Azamara Recent Developments
12.4 Oceania Cruises
12.4.1 Oceania Cruises Corporation Information
12.4.2 Oceania Cruises Overview
12.4.3 Oceania Cruises Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.4.4 Oceania Cruises Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Oceania Cruises Recent Developments
12.5 Carnival
12.5.1 Carnival Corporation Information
12.5.2 Carnival Overview
12.5.3 Carnival Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.5.4 Carnival Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Carnival Recent Developments
12.6 Norwegian Cruise Line
12.6.1 Norwegian Cruise Line Corporation Information
12.6.2 Norwegian Cruise Line Overview
12.6.3 Norwegian Cruise Line Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.6.4 Norwegian Cruise Line Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Norwegian Cruise Line Recent Developments
12.7 Viking Ocean Cruises
12.7.1 Viking Ocean Cruises Corporation Information
12.7.2 Viking Ocean Cruises Overview
12.7.3 Viking Ocean Cruises Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.7.4 Viking Ocean Cruises Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 Viking Ocean Cruises Recent Developments
12.8 Seabourn Cruise Line
12.8.1 Seabourn Cruise Line Corporation Information
12.8.2 Seabourn Cruise Line Overview
12.8.3 Seabourn Cruise Line Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.8.4 Seabourn Cruise Line Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 Seabourn Cruise Line Recent Developments
12.9 Crystal Cruises
12.9.1 Crystal Cruises Corporation Information
12.9.2 Crystal Cruises Overview
12.9.3 Crystal Cruises Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.9.4 Crystal Cruises Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 Crystal Cruises Recent Developments
12.10 Regent Seven Seas Cruises
12.10.1 Regent Seven Seas Cruises Corporation Information
12.10.2 Regent Seven Seas Cruises Overview
12.10.3 Regent Seven Seas Cruises Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.10.4 Regent Seven Seas Cruises Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 Regent Seven Seas Cruises Recent Developments
12.11 Silversea Cruises
12.11.1 Silversea Cruises Corporation Information
12.11.2 Silversea Cruises Overview
12.11.3 Silversea Cruises Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.11.4 Silversea Cruises Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.11.5 Silversea Cruises Recent Developments
12.12 American Cruise Lines
12.12.1 American Cruise Lines Corporation Information
12.12.2 American Cruise Lines Overview
12.12.3 American Cruise Lines Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.12.4 American Cruise Lines Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.12.5 American Cruise Lines Recent Developments
12.13 Princess Cruises
12.13.1 Princess Cruises Corporation Information
12.13.2 Princess Cruises Overview
12.13.3 Princess Cruises Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.13.4 Princess Cruises Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.13.5 Princess Cruises Recent Developments
12.14 Celebrity Cruises
12.14.1 Celebrity Cruises Corporation Information
12.14.2 Celebrity Cruises Overview
12.14.3 Celebrity Cruises Luxury Cruise Ship Sales, Price, Revenue and Gross Margin (2017-2022)
12.14.4 Celebrity Cruises Luxury Cruise Ship Product Model Numbers, Pictures, Descriptions and Specifications
12.14.5 Celebrity Cruises Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Luxury Cruise Ship Industry Chain Analysis
13.2 Luxury Cruise Ship Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Luxury Cruise Ship Production Mode and Process
13.4 Luxury Cruise Ship Sales and Marketing
13.4.1 Luxury Cruise Ship Sales Channels
13.4.2 Luxury Cruise Ship Distributors
13.5 Luxury Cruise Ship Customers
14 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
14.1 Luxury Cruise Ship Industry Trends
14.2 Luxury Cruise Ship Market Drivers
14.3 Luxury Cruise Ship Market Challenges
14.4 Luxury Cruise Ship Market Restraints
15 Key Finding in The Global Luxury Cruise Ship Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 Disclaimer

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FAQs

What is the projected growth of the cruise industry? ›

Revenue in the Cruises segment is projected to reach US$25.14bn in 2023.

Why is the cruise market expected to continue its extraordinary growth pattern? ›

Economic growth, low unemployment, and diverse destination options are the primary reason cruising continues to grow.

What are the biggest issues facing the cruise industry today? ›

Crewing Challenges

“CLIA estimates that the cruise sector needs 73,000 new people per year to accommodate current growth. The figures are amazing and COVID compounded the challenge as people that were on board or in an established crew pool found new jobs during the shutdown or might be hesitant to return to sea.

What are the trends in cruise industry? ›

The global cruise Industry is coming back to life with these 25 trends in year 2023. There are many benefits to taking a cruise.
...
  • The Use of Technology Onboard. ...
  • New Destinations. ...
  • Off-Season Destinations. ...
  • Women-Centered Trips. ...
  • Instagram Travel. ...
  • Food and Beverages. ...
  • World Cruising.

Why is the cruise industry growing? ›

Higher disposable income, consumer spending, and the developed tourism industry are the factors, attributing to the higher market revenue share. The Asia Pacific is expected to witness the highest growth rate during the forecast period. The region is likely to register a CAGR of 12.1% from 2022 to 2028.

Why does cruising industry tend to grow so rapidly? ›

One of the main reasons for the rapid development and growth in popularity of cruises is that the cruise lines were successfully adapting to new travel trends delivering cruise ships with facilities and experiences tailored to the needs of travellers from all market segments.

What is the most important influencing factors for the cruise customers selection? ›

The findings of the study showed that online reviews were the most influential attribute for cruise customers in their cruise decision, followed very closely by the environmental friendliness of the cruise line.

What is the fastest growing cruise market? ›

The expedition market, albeit smaller than the luxury segment, has seen even more dramatic growth over the past 10 years, from approximately 67,000 passengers in 2012 to 367,557 in 2022, for a 450 percent expansion. The market is projected to grow to more than 430,000 passengers annually by 2027.

What are the 3 types of cruise markets? ›

Historically, cruise lines were broken into three main clusters: mass market, premium and luxury, with very different price points.

How is the cruise industry doing 2022? ›

Cruise Restart Now Reaching 90% of the Fleet

With more ships resuming service every month, the cruise restart reached new levels in the first half of 2022. According to the latest edition of the Cruise Ships in Service Report by Cruise Industry News, nearly 90 percent of the cruise fleet is now back in revenue service.

What is the future of cruising in 2022? ›

Will the Cruise Industry Come Back? An Optimistic Outlook for 2022 and 2023. The remainder of 2022 looks very promising, as does 2023 — even to the point of growing agent workforces. NCL indicates many agencies are now starting to hire more employees as they bolster their marketing efforts and look to leverage groups.

Does cruise have a future? ›

What is the future of cruise tourism? Following the COVID-19 caused shutdown in early 2020, the cruise industry began a return in early 2022 and over-optimistically expects to be back to normal in 2023. The restart was slow, and not without difficulties caused by the lingering effects of the pandemic.

Is the cruise industry making a comeback? ›

That's up from 45% a year ago, according to the data. AAA Senior Vice President of Travel Paula Twidale touted that "cruising is back in a big way" after years of uncertainty. "We expect a lot more people to book cruises in 2023 as several new ships have entered the market," Twidale said.

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