How much is the cruise industry worth 2021?

$23.8 billion
2021 Worldwide Cruise Line Market Share The 2021 total worldwide ocean cruise industry is estimated at $23.8 billion (a 81.8% increase over 2020 and a -52.9% decline from 2019) with 13.9 million annualized passengers carried (a 96.2% increase over 2020 and a -49.4% decline from 2019).

Which are the top 2 markets of the cruise industry?

Geographical Analysis North America holds the largest market share for Cruise Tourism due to the rise in economy and the luxury taste of people there. Europe holds the second-largest market for cruise tourism.

Who dominates the cruise industry?

The United States
The United States, with its long coastlines and access to many nearby ports in the tropical Caribbean Sea, is the world’s leader in cruise revenue. Prior to the pandemic, U.S. cruise industry revenue was over four times higher than that of Germany, the second leading market.

How big is the cruising industry?

In 2022, there are 323 cruise ships in the world – 23 fewer than pre-COVID. There are currently 323 cruise ships in the world, although not all of these are currently in operation.

Is the cruise industry growing?

According to the Cruise Lines International Association (CLIA), the world’s largest cruise industry trade organization, the number of cruise ship passengers has increased from 17.8 million in 2009 to 30 million in 2019, an annual growth rate of 5.4%.

Which cruise line is most profitable?

Carnival Cruise Lines
The biggest operator is Carnival Cruise Lines, with 47% market share, followed by Royal Caribbean with 22%. Both companies operate under numerous brand names. The average profit margin for cruise ship operators ranges from 4-14%, depending on the company and the year.

What is the world’s largest cruise company?

Carnival Corporation & plc
World’s Leading Cruise Lines is a part of Carnival Corporation & plc, the largest cruise vacation company in the world. Our goal is to help guests experience the best vacation possible by visiting the most desirable destinations at an outstanding value across all 9 brands.

What are the three segments of the cruise industry?

Itineraries, destinations, and cabin locations are the main factors segmenting the cruise industry. Cruise lines offer diverse itineraries to appeal to different markets. Passengers in this category have income from $20,000- $39,000. Carnival Cruises are popular with this market.

Who goes on cruises statistics?

So who exactly goes on cruises the most? Well, the average cruise passenger is 47 years old. While the average cruise passenger is 47, they only make up 15% of that demographic. Younger passengers like the Caribbean, as the average age of that passenger, is 43.

Who owns most of the cruise lines?

List of cruise lines by size

Cruise line Parent company Revenue %
Carnival Corporation & plc 37.1
Carnival Cruise Line Carnival Corporation & plc 7.6
Costa Cruises Carnival Corporation & plc 4.7
Princess Cruises Carnival Corporation & plc 8.7

What is the current state of the cruise industry?

While the cruise industry has experienced a 96% Year-on-Year (YoY) increase of passengers, reaching 13.9 million, it still does not compare to the pre-pandemic levels of 2019, where there were 29.7 million passengers globally. It has been an even worse year for travel intermediaries specializing in cruise holidays.

Is the cruise ship industry growing?

Since 2009, cruise ship passengers have grown from 17.8 million to 30 million, an annual growth rate of 5.4%. More significantly, cruise industry revenues have grown even faster, from approximately 15.7 billion in 2010 to an estimated 31.5 billion in 2020, a compounded rate of growth of 7.2%.