Cruise Industry - Statistics & Facts

Cruise Industry - Statistics & Facts

Statistics and facts on the Cruise Industry

The global cruise industry generated revenues of 36.27 billion U.S. dollars in 2013, a figure which was expected to increase to approximately 37 billion by the end of 2014. The industry made significant recovery after revenue fell below 25 billion during the 2009 global recession. The number of passengers carried by the cruise industry has grown year-on-year and is expected to exceed 24 million in 2018. The average cruise passenger brought a revenue of 1,728 U.S. dollars, but, with expenses per passenger also high, the average profit was only 185 dollars in 2013.

North America was the largest cruise market in the world in 2014, with a market size of 21.21 billion U.S. dollars. According to market research company Mintel, the revenue of the United States cruise market alone is expected to reach almost 50 billion dollars by 2018. The world’s largest cruise passenger source market was also North America, providing 11.82 million guests for the industry in 2013. Most of these came from the U.S., constituting more than half of global cruise passengers. However, it appears North America may have a new competitor in Australia. While the country’s passenger input is still relatively small, Australia grew by 20 percent as a source market in 2013, whereas North America grew by only three percent.

With a global market share of nearly 42 percent, Carnival Corporation was by far the largest cruise company in 2013. Generating revenues of 15.46 billion U.S. dollars that year, the company made almost double that of its closest competitor, Royal Caribbean Cruises. This success came despite an incident involving one of the company’s top brands, Carnival Cruise Lines, early in 2013. The incident was the third of its kind involving the cruise line in recent years and left more than three thousand passengers stranded in the Gulf of Mexico after a fire in the engine room cut the ship’s power. This, and other controversies, may have contributed to negative feelings about the industry.

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