The cruise industry, which is forecast to post revenues in excess of $37 billion this year, could reach $55 billion over the next decade, according to the 2017-2018 Cruise Industry News Annual Report.(there is a charge for the report)
The projected growth track would make Carnival Corporation a $22 billion business in 2027, up from $16.3 billion last year, based on estimated passenger capacity, ship deployments and current spend per passenger per cruise of approximately $1,422 across all of its brands.
Royal Caribbean could see its revenues grow to $12.2 billion from $8.5 billion last year based on its current spend per passenger per cruise of $1,476; and Norwegian could reach $7.5 billion, compared to $4.9 billion last year, based on its current spend per passenger per cruise of $2,025 (including Oceania and Regent).
MSC Cruises could reach $6.6 billion from $2.4 billion last year. Being privately-held and not releasing financial results, the revenue for MSC is calculated based on an industry average spend of approximately $1,500 per passenger per cruise,
The average industry-wide spend per passenger per cruise has stayed in the $1,400 to $1,600 range for the past 10 years.
The cruise industry will reach 315 ships this year, generating an estimated $35.5 billion in ticket and onboard revenue worldwide, up from $33.2 billion last year according to the 2016-2017 Cruise Industry News Annual Report.
The North American market will represent approximately 56 percent of the global industry in terms of passenger sourcing and revenue; Europe 27 percent, and the Asia/Pacific region 17 percent.
Year-over-year, the market shares for North America and Europe have contracted from 59 and 29 percent respectively in 2015, while the Asia/Pacific region has grown from 12 to 17 percent.
The global passenger capacity is estimated at 23.6 million this year, up from 22 million last year.
About the Annual Report:
The Cruise Industry News Annual Report is the only book of its kind, presenting the worldwide cruise industry through 2025 in 350+ pages. Statistics are independently researched. Learn more by clicking here.
The report covers everything from new ships on order to supply-and-demand scenarios from 1987 through 2021+. Plus there is a future outlook, complete growth projections for each cruise line, regional market reports, and detailed ship deployment by region and market, covering all the cruise lines. New for 2016-2017 based on customer feedback are detailed Chinese market statistics and projections.