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Market size of the global cruise industry in 2014, by region (in billion U.S. dollars)

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Market size in billion U.S. dollars
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About This Statistic

This statistic shows the market size of the global cruise industry in 2014, by region. The North American cruise market generated a revenue of approximately 21.21 billion U.S. dollars, making it the largest in the world in 2014.


Cruise travel - additional information

Both the revenue of the global cruise industry and the number of cruise passengers are expected to grow within the coming years. The global cruise industry was forecasted to reach almost 40 billion U.S. dollars by 2015, while the number of cruise passengers will increase from 15.62 million in 2007 to approximately 24.15 million in 2018. The United States is by far the largest source market for cruise passengers worldwide, providing more than 11 million passengers in 2013.

According to Cruise Market Watch's survey in June 2014, the cruise company Carnival held the largest share of the cruise market. Generating a revenue of approximately 15.88 billion U.S. dollars in 2014, Carnival Corporation is the leading cruise company worldwide, followed by Royal Caribbean Cruises. That said, Royal Caribbean Cruises leading cruise line, Royal Caribbean, was forecasted to have a higher passenger capacity than Carnival Corporation’s leading line in 2015. The largest share of revenue generated by each passenger comes from the cost of their ticket followed by their total spending on board the ship. An average of 184 U.S. dollars in profit was made per cruise passenger worldwide in 2014.

Despite the apparent growth of the cruise industry, there still exist many concerns over the safety of cruise travel. Younger adults in the U.S. were more likely to think that cruises were worry-free, but adults of all age groups were less likely to take a cruise in 2014 than they were the previous year.

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