The cruise tourism market share is estimated to decline at a CAGR of 11.97% between 2021 and 2026. The size of the market is forecast to increase by USD 4.24 billion. The cruise tourism market will witness a YOY of 39.42% in 2022.
“Increasing number of high-net-worth individuals (HNWIs) in developed and developing economies and Growing consumer adoption of repositioning cruising, owing to tourers' inclination toward exploring different destinations by availing best cruise deals will boost the market growth”, says a senior analyst at Technavio.
Browse Technavio's 137-page report and in-depth TOC on "Cruise Tourism Market by Product type (Passenger ticket and onboard facilities) and Application (Ocean cruising and river cruising) and Geography (North America, Europe, Asia, and Rest of World (ROW))
View detailed Table of Contents Here: https://www.technavio.com/report/cruise-tourism-market-industry-analysis
The cruise tourism market share growth by the passenger ticket segment will be significant during the forecast period. Passenger ticket includes a variety of accommodations, amenities, meals, entertainment, round trips, service charges, complimentary beverages, free internet connectivity, pre-cruise packages, shore excursions, and others. Such facilities will support the market growth through this segment in the coming years.
North America will contribute 44% of the growth rate during the forecast period. The rapid increase in the passenger flow in countries such as the US will facilitate the cruise tourism market growth in North America over the forecast period.
Some of the key cruise tourism market vendors are AmaWaterways LLC, Ambassador Cruise Holidays Ltd., American Cruise Lines, Carnival Corp. and Plc, Compagnie du Ponant, Cosmos Tours Ltd., Genting Hong Kong Ltd., Kerala Shipping and Inland Navigation Corp. Ltd., LaVista Travel, MSC Mediterranean Shipping Co. SA, Norwegian Cruise Line Holdings Ltd., Ocean World Ltd., Royal Caribbean Cruises Ltd., Saga Group Ltd, The Walt Disney Co., TUI AG, Viking River Cruises Inc., and Virgin Cruises Intermediate Ltd.
Some of the Vendor Offerings are:
amawaterways.com- The company offers 12-volt starter batteries and 48-volt lithium-ion battery storage solutions which enable higher performance and increased efficiency for many automotive applications.
ambassadorcruiseline.com- The company offers fuel cell power products that provide flexible solutions for motive applications including buses, trucks, and light rail.
Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact on the market in focus. Download the PDF Sample Report
The cruise tourism market report covers in-depth information about key vendors and their product offerings.
The key driver, trends and challenges, market opportunities, and the detailed market impact analysis
Five force analysis to analyze the potential of buyers and suppliers and the competitive industry scenario.
Cruise tourism market industry across North America, Europe, Asia, and Rest of World (ROW).