Home Cruise Cruise to go from $37bn to $55bn industry

Cruise to go from $37bn to $55bn industry

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Report bases forecast for next 10 years on projections
The cruise industry is set to post revenues in excess of $37 billion in 2017. And by 2027, this figure could reach $55 billion, according to the 2017-2018 Cruise Industry News Annual Report.
The report maps future growth for the world’s cruise lines, projecting the global cruise industry over the coming decade using independently researched statistics.
Carnival Corp would be a $22 billion business by 2027, up from $16.3 billion in 2016, based on estimated capacity, ship deployments and current spend per passenger per cruise of $1,422 across all of its brands.
Royal Caribbean would see its revenues reach $12.2 billion from $8.5 billion, based on spend per passenger per cruise of $1,476, while Norwegian would reach $7.5 billion compared to $4.9 billion last year, based on its current spend per passenger per cruise of $2,025.
MSC Cruises would go from $2.4 billion last year to $6.6 billion, though this is based on an industry average spend of $1,500 per passenger per cruise, as it does not release such detailed financial results.
Cruise Industry News

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