Cruise Ship Industry Analysis

Cruise is considered as one of the fastest-growing sectors of the travel industry with 8 annual passenger growth since 1980.

Cruise ship industry analysis. Cruise industry revenue was over four times higher than that of Germany the second leading market. Generated by the global cruise industry in 2015. Contained in this document is an analysis of the cruise line industry prepared by us as per your request.

Cruise is an intensively competitive industry with several major holding companies ie Carnival Royal Caribbean Norwegian Cruise Line Holdings with. Marginally doing better at the end of June 2020 values were 5030 1643 and 1642. Analytics Extensive Financial Benchmarks Metrics and Revenue Forecasts to 2027 NAIC 483100 May 26 2021 USD 1995.

During 2007 there were 24 cruise ships in the fleet and in 2017 there were 72 ships of over 100000 GT of which 16 ships over 150000 GT table 2. The 150 billion cruise industry has been hard hit by the global pandemic after a decade of expansion and growthThis competitor analysis gives a peek into what the industry faces today. And because the cycle time to develop and enhance.

The three biggest cruise lines Carnival Corporation PLC Royal Caribbean Group and Norwegian Cruise Line generated combined revenues of 342 billion in 2018. The result of this surging demand is an industry with more than 50 cruise lines and 270 ships. Addition of more ships will help the company to address the rising demand for cruise services across the world 3.

Lists of cruise lines new ships and travel destinations are. Cruise Industry Overview In 2017 a record 258 million passengers cruised globally. All of the worlds leading cruise lines include Australia in their programs ranging from expedition style cruise lines and mid-range ships to mega ships and up-scale lines.

By 2019 passenger numbers rose to nearly 30 million. Cruise shipping plays an important role in the Australian tourism industry. An estimated 272 million will cruise globally in 2018.