Global Cruise Tourism Market 2024-2028
The cruise tourism market is forecasted to grow by USD 24.88 bn during 2023-2028, accelerating at a CAGR of 12.07% during the forecast period. The report on the cruise tourism market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by strong global economic recovery and an increasing number of HNWIs, an increase in onboard facilities and services, and an increase in government support for cruise industry.
Technavio's cruise tourism market is segmented as below:
By Application
- Ocean cruising
- River cruising
By Product
- Passenger ticket
- Onboard facilities
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing number of repositioning cruises as one of the prime reasons driving the cruise tourism market growth during the next few years. Also, improvements in port infrastructure and increasing focus on sustainability will lead to sizable demand in the market.
The report on the cruise tourism market covers the following areas:
- Cruise tourism market sizing
- Cruise tourism market forecast
- Cruise tourism market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cruise tourism market vendors include AmaWaterways, Ambassador Cruise Holidays Ltd., American Cruise Lines, Azamara, Carnival Corp. and Plc, Compagnie du Ponant, Cosmos Tours Ltd., Genting Hong Kong Ltd., KSINC, LaVista Travel, MSC Mediterranean Shipping Co. SA, Norwegian Cruise Line Holdings Ltd., Ocean World Ltd., Riviera Travel, Royal Caribbean Cruises Ltd., SAGA PLC, The Walt Disney Co., TUI AG, Viking Cruises, and Virgin Cruises Intermediate Ltd.. Also, the cruise tourism market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.