The Cruise Market | United States

The cruise ship is a passenger ship used for pleasure voyages. It is a part of the tourism industry and t accounts for 1.6% of the total tourists. The cruise industry has been expanding; and saw a 4% increase in the number of passengers in 2016. The industry has experienced a growth rate of 7% annually. It is expected to grow more from 2017-2026 with investments of USD 53 billion. Carnival, which is a U.S. based company, has a 45% share in the global market. According to research conducted in 2017, the cruise industry’s contribution to the US economy is USD 37.85 billion.

Changes in lifestyle are one of the important factors for the growth of this industry, with people spending more on travelling. The younger generation, which is the millennials, are choosing cruise voyages for a vacation. The number of ports and the addition of new destinations are also reasons for the expected growth of the industry. The cruise industry is making a significant investment in creating and incorporating the latest technology. The cruise industry is expanding in the Asian and South Pacific regions as well.

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Carnival

  • Country : U.S. Outlying Islands
  • Turnover : USD 16.389 billion
  • Position : Is a company that deals with cruise ships and known for its vast range of cruise packages around the world.

Holland America Line

  • Country : United States
  • Turnover :
  • Position : An American-British owned cruise line operating a huge fleet of cruise ships for various vacation and overseas touring packages.

Celebrity cruises

  • Country : United States
  • Turnover :
  • Position : A celebrity cruising company that offers travel packages to different exotic locations across the world.

Regent Seven Seas Cruise

  • Country : United States
  • Turnover :
  • Position : A cruising company offering modern luxury voyages worldwide to the Alaska, Mediterranean, and other exotic locations.

Princess Cruises

  • Country : United States
  • Turnover :
  • Position : Is a cruising company providing voyage packages to popular travel destinations worldwide such as the Caribbean, Hawaii, Europe, Alaska, and others.

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