The Latest Global Cruise Industry Statistics Explained
The global cruise ship market was valued at $39.1 Billion in 2018.
The statistic that the global cruise ship market was valued at $39.1 billion in 2018 indicates the total economic worth of the industry worldwide in that particular year. This figure represents the combined revenue generated by all sectors within the cruise ship market, including ticket sales, onboard purchases, and other related services. It provides a snapshot of the significant financial impact that the cruise industry had on the global economy in 2018 and highlights the substantial market size and potential for growth within the sector. Analyzing this statistic can offer insights into the trends, growth patterns, and economic contributions of the global cruise ship market.
In 2019, The cruise sector was responsible for generating 1.166 million direct jobs globally.
The statistic that in 2019, the cruise sector was responsible for generating 1.166 million direct jobs globally indicates the significant impact of the cruise industry on employment opportunities worldwide. This figure highlights the large workforce employed directly by the cruise sector and showcases the industry’s importance in providing job opportunities in various roles such as crew members, hospitality staff, maintenance workers, and administrative personnel. The statistic also emphasizes the widespread reach of the cruise industry, as it generates employment not only in cruise ship operations but also in associated sectors such as tourism, transport, and hospitality. This data underscores the economic significance of the cruise sector as a major employer on a global scale.
In 2019, approximately 30 million passengers went on a cruise worldwide.
The statistic that approximately 30 million passengers went on a cruise worldwide in 2019 provides important insight into the global cruise industry’s scale and popularity during that year. This figure represents the total number of individuals who embarked on cruise ships for leisure and travel purposes. It indicates a significant level of demand for cruise vacations across various regions of the world, reflecting the appeal of cruise experiences for millions of travelers. This statistic serves as a key metric for understanding the overall volume of cruise passengers and the industry’s economic impact, highlighting the continued growth and relevance of cruise tourism on a global scale.
As of 2019, Royal Caribbean International had a market share of 19.2% in the global cruise industry.
The statistic indicates that as of 2019, Royal Caribbean International held a market share of 19.2% in the global cruise industry. This means that out of all cruise companies worldwide, Royal Caribbean International accounted for almost one-fifth of the total market. A market share of 19.2% suggests that Royal Caribbean International is a major player in the industry, competing with other cruise companies for customers and revenue. This statistic can be used to assess the company’s competitive position, growth potential, and overall influence within the global cruise industry landscape.
In 2018, 50% of non-cruisers expressed interest in taking an ocean cruise.
The statistic “In 2018, 50% of non-cruisers expressed interest in taking an ocean cruise” indicates that half of the individuals who do not currently go on cruises are interested in potentially taking one in the future. This suggests a significant market potential for the cruise industry to attract new customers who have not previously participated in cruising activities. The statistic provides valuable insights into consumer behavior and preferences, highlighting a potential opportunity for cruise companies to target this segment of the market and tailor their marketing strategies to attract more non-cruisers to experience ocean cruising.
The Asia Pacific region dominated the global cruise market with a share of 49.73% in 2020.
The statistic indicates that in 2020, the Asia Pacific region accounted for nearly half of the global cruise market, with a dominant market share of 49.73%. This suggests that the Asia Pacific region significantly contributed to the overall size and growth of the cruise industry worldwide during that year. Factors such as increasing disposable income, growing interest in leisure travel among the middle-class population, and expanding infrastructure for cruise tourism in countries across the region likely played a role in the region’s strong performance in the cruise market. The statistic underscores the importance of the Asia Pacific region as a key player in the global cruise industry.
Over 50% of the global cruise market’s passengers come from North America.
The statistic “Over 50% of the global cruise market’s passengers come from North America” indicates that a significant majority of individuals who participate in the cruise market worldwide hail from North America. This suggests that North America is a crucial market segment for the cruise industry, with a majority of cruise passengers originating from this region. This statistic underscores the importance of catering to the preferences and demands of North American travelers in the cruise industry in order to maintain and grow market share. It also implies that strategies aimed at attracting and retaining North American customers are likely to have a substantial impact on the overall success and profitability of cruise companies operating on a global scale.
Approximately 70% of the market has been occupied by the top four cruise companies in 2019.
The statistic indicates that in 2019, the top four cruise companies collectively held a sizable portion, approximately 70%, of the market share in the cruise industry. This means that the majority of the market was dominated by a relatively small number of companies, highlighting a high level of concentration within the industry. The significant market presence of these top four companies suggests that they are major players and have a strong influence on the industry’s dynamics, competition, and pricing strategies. This could potentially impact consumer choices and market dynamics as smaller players may find it challenging to compete effectively with these dominant companies in capturing market share and attracting customers.
The global cruise ship order book in 2019 stood at 113 new ships.
The statistic, “The global cruise ship order book in 2019 stood at 113 new ships,” signifies the number of new cruise ships that were planned for construction and delivery by shipbuilders worldwide in 2019. This figure indicates a strong demand and investment in the cruise industry at that time, reflecting optimism in the sector’s growth potential. The order book represents not only the current industry activity but also future capacity expansion, suggesting a positive outlook for the cruise ship market in terms of meeting consumer demand and potentially increasing market share among cruise lines.
Over 80% of Millennials have expressed interest in cruising.
The statistic ‘Over 80% of Millennials have expressed interest in cruising’ indicates that a significant majority of individuals within the Millennial generation have shown a desire to participate in cruise vacations. This high level of interest suggests that cruising is a popular and appealing travel choice for Millennials. The statistic highlights the importance of the cruise industry in targeting and catering to this demographic group, utilizing marketing strategies and cruise offerings that align with the preferences and interests of Millennials. Additionally, this statistic reflects the potential growth and profitability opportunity for cruise companies in engaging with and attracting Millennial customers.
In 2017, approximately 25 million passengers were expected to go on a cruise.
The statistic that approximately 25 million passengers were expected to go on a cruise in 2017 represents a projection of the total number of individuals anticipated to take a cruise that year. This figure likely encompasses passengers from various regions and on different types of cruises, including ocean cruises and river cruises. This statistic provides insights into the popularity and growth of the cruise industry, as well as the potential economic impact associated with cruise tourism. It is important to note that this number is an estimate and may vary depending on factors such as economic conditions, travel trends, and marketing efforts within the industry.
In 2017, the global ocean cruise industry generated direct expenditures of $21 billion, a 3.6% increase over 2016.
The statistic reports that in 2017, the global ocean cruise industry made direct expenditures totaling $21 billion, representing a 3.6% growth compared to the previous year, 2016. This growth indicates a positive trend in the industry’s financial performance, suggesting an increasing level of investment and spending within the sector. The $21 billion in direct expenditures encompasses the funds spent by cruise companies on various activities related to their operations, such as maintenance of ships, fuel costs, staff salaries, port fees, and marketing efforts. This statistic highlights the industry’s economic significance and potential for further expansion in the future, showcasing its resilience and appeal to consumers worldwide.
The average age of cruise passengers globally was 47 years old in 2019.
The statistic that the average age of cruise passengers globally was 47 years old in 2019 indicates the typical age of individuals who took cruises during that year. This average age provides an overall summary of the age distribution among cruise passengers, suggesting that the majority of passengers may fall around the age of 47. This information can be valuable for cruise industry professionals in understanding their target demographic, designing marketing strategies, and tailoring onboard entertainment and activities to cater to the preferences and needs of passengers in this age group. Additionally, this insight could also be used for future planning and decision-making in terms of route selection, staffing, and onboard amenities to enhance the overall cruise experience for passengers.
In 2019, the cruise industry led to indirect spending of about $50 billion in the United States.
The statistic stating that in 2019, the cruise industry led to indirect spending of about $50 billion in the United States refers to the total economic impact generated by the cruise industry that goes beyond the direct revenue generated by cruise lines. Indirect spending includes the ripple effect of money being spent by cruise passengers on accommodations, dining, entertainment, transportation, and other goods and services in local economies. This $50 billion figure underscores the significant role that the cruise industry plays in stimulating economic activity, supporting businesses, creating jobs, and contributing to the overall growth of the United States economy through the multiplier effect of spending within various sectors.
About 33% of the cruises worldwide were to the Caribbean in 2019.
The statistic “About 33% of the cruises worldwide were to the Caribbean in 2019” indicates that approximately one-third of all global cruise voyages in that year were destined for the Caribbean region. This suggests a significant preference among cruise travelers for the Caribbean over other destinations during the specified time period. The high proportion of cruises headed to the Caribbean in 2019 may be influenced by factors such as the region’s warm weather, diverse tropical landscapes, cultural attractions, and the availability of various activities and amenities for tourists. This statistic provides insight into the popularity of the Caribbean as a cruise destination and underscores its significance in the global tourism industry.
In 2018, the Caribbean was the most popular destination for cruise ship deployments, capturing 34.4% of the market.
The statistic indicates that in 2018, the Caribbean region was the most favored destination for cruise ship deployments, accounting for 34.4% of the overall market share. This suggests that a significant portion of cruise ships chose to operate in the Caribbean region, potentially due to factors such as beautiful tropical landscapes, diverse cultures, and popular tourist attractions. The popularity of the Caribbean as a cruise destination could also be influenced by factors like accessibility, infrastructure, and cruise ship companies’ marketing efforts. Overall, this statistic highlights the Caribbean’s strong appeal to both cruise operators and passengers, making it a key player in the global cruise industry in 2018.
The global cruise line industry incurred revenue losses of $77 billion in 2020 due to the COVID-19 pandemic.
The statistic stating that the global cruise line industry incurred revenue losses of $77 billion in 2020 due to the COVID-19 pandemic highlights the significant impact of the crisis on this particular sector. With travel restrictions, lockdowns, and fears of contracting the virus on cruise ships, the industry saw a sharp decline in demand and subsequent cancellations of booked cruises. The large revenue losses underscore the financial strain faced by cruise companies as they grapple with fixed costs such as maintenance, staffing, and fuel expenses while operating at reduced capacity or being completely shut down. The statistic serves as a poignant reminder of the far-reaching economic consequences of the pandemic on businesses heavily reliant on travel and tourism.
In 2019, approximately 19 million Americans took a cruise.
The statistic that approximately 19 million Americans took a cruise in 2019 indicates the total number of individuals who went on a cruise vacation during that year. This data point reflects the popularity of cruises as a travel choice among Americans in 2019. By highlighting the scale of cruise participation, the statistic offers insights into the consumer preferences and behaviors within the tourism and leisure industry. It also provides useful information for cruise companies, market analysts, and policymakers to understand the demand for cruise vacations and to make informed decisions related to the cruise industry’s growth and development strategies.
In 2017, the Mediterranean region captured 15.8% of the global cruise deployment market share.
The statistic indicates that in 2017, the Mediterranean region accounted for 15.8% of the total cruise deployment market share worldwide. This means that nearly one-sixth of all cruise ships in operation during that year were deployed in the Mediterranean region. This figure reflects the popularity and significance of the Mediterranean region as a cruise destination among travelers and the cruise industry. It also suggests that the Mediterranean region was a key player in the global cruise market in 2017, attracting a substantial portion of cruise ships for itineraries and voyages.
References
0. – https://www.cruiseradio.net
1. – https://www.www2.deloitte.com
2. – https://www.www.statista.com
3. – https://www.cruising.org
4. – https://www.www.researchandmarkets.com
5. – https://www.www.cliaasia.org
6. – https://www.www.cruisehive.com
7. – https://www.www.globenewswire.com
