Luxury Cruise Ships Industry - Regional Synopsis
North American Market Statistics
Asia Pacific industry is likely to hold largest revenue share of 50% by 2037. The landscape's substantial growth in the region is expected to be credited to the surge in the number of passengers and tourists on luxury cruise ships. According to the World Travel & Tourism Council, the travel & tourism landscape contributes about 9.1% to the GDP.
According to the Cruise Lines International Association, in the United Stated about 37 million passengers are estimated to travel in luxury cruise ships. This was earlier 31.5 million in 2023, which was 6% more than the passengers that sailed in 2019.
On the occasion of Wave Season, Pearl Seas Cruise along Canada’s coast announced their free airfare along with additional savings from May to early August 2024.
APAC Market Analysis
The Asia Pacific region will also encounter a huge influence on the luxury cruise ships market size expansion during the forecast period with a notable CAGR and will account for the second position attributed to the increasing cruise lines in the region. According to reports, Cruise World Asia 2023, Asia’s cruise industry is expected a positive growth, more than 296 cruise lines and several port leaders, travel agents, and travel experts were gathered at CruiseWorld Asia 2023, mainly for sharing, exchanging, and networking their ideas coupled with other industry colleagues and friends.
MSC Cruises is expected to launch two ships- MSC Splendida and MSC Bellissima into China.
Japan Maritime along with Nihon Shipyard Co., Ltd. was granted Approval in Principle from the Nippon Kaiji Kyokai for the concept of a multi-functional offshore windfarm support vessel.
