Luxury Cruise Tourism Market, Global Outlook and Forecast 2023-2029
Cruise travel is booming with luxury travellers increasingly choosing to spend their holiday on-board ultra-luxury cruise liners. The cruise industry has been growing y-o-y since 2007, and according to Royal Caribbean Cruises CEO Richard Fain, the ultra-luxury and expedition segments are growing at twice the rate of any other segment in the industry. Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There?s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller?s wish list. However, today?s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don?t just want to see ? they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process.
For this report, we undertook primary and secondary research in association with Tourism Economics, Amadeus Travel Intelligence, Connections Events, The Telegraph and various industry experts. Approaches include: analysing tourism Economics estimations of the number of outbound luxury trips from each region between 2012 and the present (using an arrival definition), and projected growth patterns until 2022. To compare the growth in overall travel with the growth in luxury travel, luxury travellers were defined as those with an annual household income of more than $350,000, and bookings arrivals order costs more than $3000 per person made by these traveller were deemed as luxury trips.
This report aims to provide a comprehensive presentation of the global market for Luxury Cruise Tourism, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Luxury Cruise Tourism. This report contains market size and forecasts of Luxury Cruise Tourism in global, including the following market information:
Global Luxury Cruise Tourism Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Luxury Cruise Tourism market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Expedition cruises Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Luxury Cruise Tourism include MSC Cruises, Celebrity Cruise, Royal Caribbean, The Anschutz Corporation, Cruise Critic, Viking Cruise, Princess Cruises, Carnival Cruise Line and American Cruise Lines, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Luxury Cruise Tourism companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Luxury Cruise Tourism Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Luxury Cruise Tourism Market Segment Percentages, by Type, 2022 (%)
Expedition cruises
River cruises
Sea cruises
Theme cruises
Mini cruises
World cruises
Transit cruises
Turnaround cruises
Others
Global Luxury Cruise Tourism Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Luxury Cruise Tourism Market Segment Percentages, by Application, 2022 (%)
Millennial
Generation X
Baby Boomers
Global Luxury Cruise Tourism Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Luxury Cruise Tourism Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Luxury Cruise Tourism revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Luxury Cruise Tourism revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
MSC Cruises
Celebrity Cruise
Royal Caribbean
The Anschutz Corporation
Cruise Critic
Viking Cruise
Princess Cruises
Carnival Cruise Line
American Cruise Lines
Norwegian Cruise Lin
Genting Hong Kong
MS Berlin
AIDA Cruises
Azamara Club Cruises
Costa Cruise Lines
Cunard Line
Disney Cruise Line
Holland America Line
Oceania Cruises
P&O Cruises
Pullmantur Cruises
Regent Seven Seas Cruises
Seabourn
TUI Cruises
Outline of Major Chapters:
Chapter 1: Introduces the definition of Luxury Cruise Tourism, market overview.
Chapter 2: Global Luxury Cruise Tourism market size in revenue.
Chapter 3: Detailed analysis of Luxury Cruise Tourism company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Luxury Cruise Tourism in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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 8: The main points and conclusions of the report.
