While the cruise industry continues to add capacity, only a handful of geographic cruise markets are either keeping up or outpacing industry capacity growth in relation to their market shares, according to the 2016-2017 Cruise Industry News Annual Report.
It’s no surprise that Asia-Pacific is posting the biggest year-over-year growth in market capacity, going from a 10.4 percent share of the global industry to 13.4 percent, third in rank behind the Caribbean and Mediterranean. Both of those regions grew in passenger capacity but lost percentage points off their global market share, unable to keep pace with industry supply growth.
The only other regions posting notable increases with industry growth for 2016 are Northern Europe and Australia.
About the Annual Report:
The Cruise Industry News Annual Report is the only book of its kind, presenting the worldwide cruise industry through 2025 in 350+ pages. Statistics are independently researched. Learn more by clicking here.
The report covers everything from new ships on order to supply-and-demand scenarios from 1987 through 2021+. Plus there is a future outlook, complete growth projections for each cruise line, regional market reports, and detailed ship deployment by region and market, covering all the cruise lines.