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Luxury Cruise Ships Market Size

  • Report ID: 2990
  • Published Date: May 30, 2024
  • Report Format: PDF, PPT

Luxury Cruise Ships Market Size

Luxury Cruise Ships Market size was valued at USD 9 Billion in 2023 and is expected to exceed USD 23 Billion by the end of 2036, expanding at over 8.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of luxury cruise ships is estimated at USD 9.7 Billion.

This boost is anticipated by the slated expansion of new and innovative luxury services such as water coasters, bars & pubs, planetariums, treatment centers, and many more. Such offers along with the planning to start the cruise journey at new destinations, and untapped locations are expected to expand the landscape. According to a report by Forbes, about 45% of cruise travelers were predicted to be first-time cruisers, who expect their destinations to be at the hidden sites.

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Author Credits:  Saima Khursheed


  • Report ID: 2990
  • Published Date: May 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the luxury cruise ships market was over USD 9 billion.

The market size for the luxury cruise ships market is projected to cross USD 23 billion by the end of 2036 expanding at a CAGR of 8.2% during the forecast period i.e., between 2024-2036.

The major players in the market are Oceania Cruises S. de R.L., Viking Ocean Cruises, Crystal Cruises, Silversea Cruises, American Cruise Lines, Norwegian Cruise Line Holdings Ltd., Regent Seven Seas Cruises, Seabourn Cruise Line Ltd., and others.

In terms of cruising type, the ocean segment is anticipated to account for the largest market share of 57% during 2024-2036.

The North American luxury cruise ships sector is poised to hold the highest share of 50% by 2036.
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