all report title image

CRUISE TOURISM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Cruise Tourism Market, By Type (Ocean Cruise, River Cruise, Expedition Cruise, Theme Cruise, Adventure Cruise, and Others), By Duration (7 days, 1-3 days, 4-6 days, 8 to 13 days, 14 days, 15-20 days, and More than 21 days), By Travel Type (Group/Family, Solo, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Nov 2024
  • Code : CMI7470
  • Pages :145
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

Regional Analysis

Cruise Tourism Market Regional Insights

To learn more about this report, request sample copy

Regional Analysis: Cruise Tourism Market

Dominating Region: North America

North America is expected to dominate the market in 2024 with an estimated share of 34.5%. North America has a mature cruise tourism industry ecosystem with well-established ports and tourism infrastructure across major cities. Supportive government policies have also promoted cruise travel within the region.

Fastest-Growing Region: Asia Pacific

The Asia Pacific region exhibits the fastest growth in the cruise tourism sector owing to rising disposable incomes and growing interest in experience-based travel among the expanding middle-class population in countries like China, India, and Australia. New destination ports are being developed to tap into this potential.

Cruise Tourism Market Outlook for Key Countries

Growing Popularity of Caribbean and Mexican Routes Among U.S. Travelers

The U.S. cruise tourism market is dominated by established companies offering diverse Caribbean and Mexican itineraries. For instance, according to the Statista Research Department data published on August 2024, In 2023, U.S. travelers accounted for over half of global cruise passengers, highlighting the market's significance. With nearly 17 million cruise passengers from the U.S.—a 19% increase since 2019—2023 marked the highest recorded figure to date, reflecting the industry's growth and appeal to a wider audience.

Rapid Growth and Strong Recovery Projections in China

China's cruise tourism market is rapidly expanding, driven by domestic brands focusing on local routes and international operators offering Asian-themed cruises. With a large population and growing interest in leisure travel, the market is expected to fully recover within 2026 to 2027 with in this year, according to the National Development and Reform Commission (NDRC). In early 2024, China launched its first domestically built large cruise ship, the Adora Magic City, which has already completed over 30 voyages, showcasing strong sector momentum.

Japan's Luxury Cruise Market Leads in Asia Amid Regional Challenges

Japan continues to lead in the Asian markets for luxury cruising, with growing demand for repositioning cruise options. The country is witnessing a rebound in cruise tourism after the pandemic, with an emphasis on safety and unique local experiences. In modern times, the sea has been relegated to second place. According to an August 2024, report by Cruise Lines International Association, demand for cruise ship travel across Asia is among the lowest in the world and has been trending downward.

Growth Potential and Government Initiatives in India

India's cruise tourism is in its early stages, with growing interest from domestic travelers and international lines. The government is promoting this sector through investments in port infrastructure, despite challenges like limited awareness and seasonal monsoons. With potential to grow tenfold in the next decade due to rising demand and disposable incomes, India aims to become a global cruise hub. This was emphasized at the inaugural Incredible India International Cruise Conference 2022 in Mumbai, highlighting the government's commitment to developing world-class infrastructure.

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now
Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.