Global Luxury Cruise Tourism Market Growth (Status and Outlook) 2023-2029

Global Luxury Cruise Tourism Market Growth (Status and Outlook) 2023-2029

Cruise travel is booming with luxury travellers increasingly choosing to spend their holiday on-board ultra-luxury cruise liners. The cruise industry has been growing y-o-y since 2007, and according to Royal Caribbean Cruises CEO Richard Fain, the ultra-luxury and expedition segments are growing at twice the rate of any other segment in the industry. Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t just want to see – they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process.

For this report, we undertook primary and secondary research in association with Tourism Economics, Amadeus Travel Intelligence, Connections Events, The Telegraph and various industry experts. Approaches include: analysing tourism Economics estimations of the number of outbound luxury trips from each region between 2012 and the present (using an arrival definition), and projected growth patterns until 2022. To compare the growth in overall travel with the growth in luxury travel, luxury travellers were defined as those with an annual household income of more than $350,000, and bookings arrivals order costs more than $3000 per person made by these traveller were deemed as luxury trips.

LPI (LP Information)' newest research report, the “Luxury Cruise Tourism Industry Forecast” looks at past sales and reviews total world Luxury Cruise Tourism sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Cruise Tourism sales for 2023 through 2029. With Luxury Cruise Tourism sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Cruise Tourism industry.

This Insight Report provides a comprehensive analysis of the global Luxury Cruise Tourism landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luxury Cruise Tourism portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Luxury Cruise Tourism market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Cruise Tourism and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Cruise Tourism.

The global Luxury Cruise Tourism market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Luxury Cruise Tourism is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Luxury Cruise Tourism is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Luxury Cruise Tourism is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Luxury Cruise Tourism players cover MSC Cruises, Celebrity Cruise, Royal Caribbean, The Anschutz Corporation, Cruise Critic, Viking Cruise, Princess Cruises, Carnival Cruise Line and American Cruise Lines, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Cruise Tourism market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Expedition cruises
River cruises
Sea cruises
Theme cruises
Mini cruises
World cruises
Transit cruises
Turnaround cruises
Others

Segmentation by application
Millennial
Generation X
Baby Boomers

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MSC Cruises
Celebrity Cruise
Royal Caribbean
The Anschutz Corporation
Cruise Critic
Viking Cruise
Princess Cruises
Carnival Cruise Line
American Cruise Lines
Norwegian Cruise Lin
Genting Hong Kong
MS Berlin
AIDA Cruises
Azamara Club Cruises
Costa Cruise Lines
Cunard Line
Disney Cruise Line
Holland America Line
Oceania Cruises
P&O Cruises
Pullmantur Cruises
Regent Seven Seas Cruises
Seabourn
TUI Cruises

Please note: The report will take approximately 2 business days to prepare and deliver.