Luxury Cruise Tourism Market Scope
Cruise tourism is a type of travelling through waterways for spending quality time, which involves a vacation on a cruise ship. Basically, it's a sort of travelling for a leisure or sport purpose. Cruise tourism is a rapidly growing section in the tourism industry. The increase of cruise tourism is predominantly found the Mediterranean and the Caribbean and the artic amongst alternative destinations. Cruise tourism plays an important part in providing employment across the world. Cruise tourism aims at providing multiple facilities that are designed to meet the necessary requirement of the traveler. Cruise tourism offers beverages, food, recreation, shopping, casino and accommodation within the ship. Several cruise ships also focus on the special themes as per the interest of the purchasers like musical style, yoga, astronomy, sequence diversion, meditation, and many others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Oceania Cruises S. de R.L. (United States), Royal Caribbean International (United States), Seabourn (United States), Regent Seven Seas Cruises (United States), Norwegian Cruise Line Holdings Ltd. (United States), Azamara (United States), Crystal Cruises (United States), American Cruise Lines (United States) and Viking Ocean Cruises (Switzerland) |
CAGR | % |
The global industrial sensors industry is highly competitive due to the presence of giant players having strong distribution networks worldwide. The manufacturers are focusing on mergers & acquisitions to improve their market share and overall market position. Product launches, research, and expansion of the existing product portfolio are some of the other strategies that should be considered to gain ground in the market during the assessment period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Luxury Cruise Tourism market throughout the predicted period.
Oceania Cruises S. de R.L. (United States), Royal Caribbean International (United States), Seabourn (United States), Regent Seven Seas Cruises (United States), Norwegian Cruise Line Holdings Ltd. (United States), Azamara (United States), Crystal Cruises (United States), American Cruise Lines (United States) and Viking Ocean Cruises (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Silversea Cruises (Monaco).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Luxury Cruise Tourism market by Type and Region with country level break-up.
On the basis of geography, the market of Luxury Cruise Tourism has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Viking Cruises has launched seven new river ships in March 2019 is indicative of the industry’s growth rate and the certainty that it will continue. Regional cuisine, luxurious cabins, cultural enrichment, and exclusive experiences are essential parts of Viking’s offering.
Influencing Trend:
Growing Service Standard in Tourism and Increasing Adoption of Repositioning Cruising is one of the major Trends
Market Growth Drivers:
Increasing Disposable Income, Increase in Number of Tourists Travelling in Luxury Cruise Ships and Rise in Offerings of Innovative Services, Amenities, Themes etc
Challenges:
The Covid-19 Impact and Lack of Skilled Personnel to Handle and Operate Cruise
Restraints:
High Cost of Services
Opportunities:
Increase in Popularity of Luxury Cruise Tourism in Developing Countries, Untapped Market of Different Nation and Including the Number of Exciting, fun, and Recreational Activities on the Cruise has Upsurge the Market
Key Target Audience
New Entrants/Investors, Cruise Manufacture, Distributors, Service Provider, End-Users, Potential Investors and Others Research Firm