Cruise Tourism Market Strategies for Expansion Analysis Report: Opportunities and Challenges Ahead

    The global market for Cruise Tourism was estimated to be worth US$ 34370 million in 2023 and is forecast to a readjusted size of US$ 52850 million by 2030 with a CAGR of 6.1% during the forecast period 2024-2030

    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. In 2022, the U.S. cruise industry’s revenue was roughly five times higher than that of Germany, the second leading market, but it did not catch up yet with the peak in earnings reported prior to the health crisis. Overall, although travel booking services are moving increasingly online in this segment, offline sales remain the dominant sales channel for the global cruise industry, with just under one-quarter of cruise industry revenue coming from online transactions.

    While the number of ocean cruise passengers worldwide fell dramatically with the onset of the COVID-19 pandemic, dropping below five million in 2021, the global volume of cruise travelers partially recovered in 2022, totaling just above 20 million. That year, most global cruisegoers came from North America, with Western Europe being the second leading source region for cruise tourism. Meanwhile, even though the volume of passengers stayed below pre-pandemic figures, the Caribbean, the Bahamas, and Bermuda remained the most visited cruise destinations worldwide in 2022, welcoming around nine million tourists. Central and Western Mediterranean countries followed in the ranking, attracting approximately 2.6 million cruise passengers that year.A handful of U.S.-based players dominate today’s global cruise market, namely Carnival Corporation, holding the highest market share of cruise companies worldwide, Royal Caribbean Cruises, and Norwegian Cruise Line. Although Royal Caribbean Cruises operates some of the largest cruise ships worldwide, the brand’s main competitor Carnival Corporation remains the leading global cruise company based on revenue. In 2022, Carnival Corporation & plc’s global revenue surpassed 12 billion U.S. dollars, growing sharply over the previous year but showing nearly a nine billion U.S. dollars drop from 2019. Meanwhile, Royal Caribbean Cruises’ revenue worldwide was 19 percent lower in 2022 than in 2019, totaling 8.8 billion U.S. dollars.

2024 Market Report by QYResearch “Cruise Tourism - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030” provides an extensive examination of Cruise Tourism market attributes, size assessments, and growth projections through segmentation, regional analyses, and country-specific insights, alongside a scrutiny of the competitive landscape, player market shares, and essential business strategies. This inquiry delivers a thorough perspective with valuable insights, accentuating noteworthy outcomes in the industry. These insights empower corporate leaders to formulate improved business strategies and make more astute decisions, ultimately enhancing profitability. Furthermore, the study assists private or venture participants in gaining a deep understanding of businesses, enabling them to make well-informed choices.

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The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Cruise Tourism market is segmented as below:

By Company

    Carnival Corporation

    Royal Caribbean

    Norwegian Cruise Lines

    MSC Cruises

    Genting Hong Kong

    Disney Cruise

    Marella Cruises (TUI)

    Saga Cruises (Saga Group)

    Bohai Cruise

    Century Cruises

    PRINCESS

Segment by Type

    Ocean Cruising

    River Cruising

Segment by Application

    Aldult

    Child

The Cruise Tourism Market Size and Industry Challenges :

The research provides specific information on market share for the industry and Cruise Tourism issues.

By examining the market size, businesses may be better equipped to understand the overall development and decrease of the Cruise Tourism.

Using a range of findings, the Cruise Tourism Market Research analyses industry challenges.

The final draught describes the broad issues the sector is facing as well as the impacted businesses.

The global Cruise Tourism market is divided into categories based on type, region, and application.

Reasons to Purchase the Cruise Tourism Market Report :

It aids start-up businesses in locating new customers while preventing failure.

With the aid of this study, you will be able to contrast each company in the sector and have a thorough understanding of the Cruise Tourism Market.

Makes it simpler to make informed business decisions by taking into account all of the data shown in the report.

Table of Contents

1 Cruise Tourism Market Overview

1.1 Cruise Tourism Product Overview

1.2 Cruise Tourism Market by Type

1.3 Global Cruise Tourism Market Size by Type

1.3.1 Global Cruise Tourism Market Size Overview by Type (2019-2030)

1.3.2 Global Cruise Tourism Historic Market Size Review by Type (2019-2024)

1.3.3 Global Cruise Tourism Forecasted Market Size by Type (2025-2030)

1.4 Key Regions Market Size by Type

1.4.1 North America Cruise Tourism Sales Breakdown by Type (2019-2024)

1.4.2 Europe Cruise Tourism Sales Breakdown by Type (2019-2024)

1.4.3 Asia-Pacific Cruise Tourism Sales Breakdown by Type (2019-2024)

1.4.4 Latin America Cruise Tourism Sales Breakdown by Type (2019-2024)

1.4.5 Middle East and Africa Cruise Tourism Sales Breakdown by Type (2019-2024)

2 Cruise Tourism Market Competition by Company

2.1 Global Top Players by Cruise Tourism Sales (2019-2024)

2.2 Global Top Players by Cruise Tourism Revenue (2019-2024)

2.3 Global Top Players by Cruise Tourism Price (2019-2024)

2.4 Global Top Manufacturers Cruise Tourism Manufacturing Base Distribution and Headquarters

2.5 Cruise Tourism Market Competitive Situation and Trends

2.5.1 Cruise Tourism Market Concentration Rate (2019-2024)

2.5.2 Global 5 and 10 Largest Manufacturers by Cruise Tourism Sales and Revenue in 2023

2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cruise Tourism as of 2023)

2.7 Date of Key Manufacturers Enter into Cruise Tourism Market

2.8 Key Manufacturers Cruise Tourism Product Offered

2.9 Mergers & Acquisitions, Expansion

3 Cruise Tourism Status and Outlook by Region

3.1 Global Cruise Tourism Market Size and CAGR by Region: 2019 VS 2023 VS 2030

3.2 Global Cruise Tourism Historic Market Size by Region

3.2.1 Global Cruise Tourism Sales in Volume by Region (2019-2024)

3.2.2 Global Cruise Tourism Sales in Value by Region (2019-2024)

3.2.3 Global Cruise Tourism Sales (Volume & Value), Price and Gross Margin (2019-2024)

3.3 Global Cruise Tourism Forecasted Market Size by Region

3.3.1 Global Cruise Tourism Sales in Volume by Region (2025-2030)

3.3.2 Global Cruise Tourism Sales in Value by Region (2025-2030)

3.3.3 Global Cruise Tourism Sales (Volume & Value), Price and Gross Margin (2025-2030)

...

Each chapter of the report provides detailed information for readers to further understand the Cruise Tourism market:

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Two: Detailed analysis of Cruise Tourism manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Cruise Tourism in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.

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