The cruise companies are on course to be a $37.8 billion industry in 2017, according to the 2017-2018 Cruise Industry News Annual Report.
The industry has seen its revenues (tickets and onboard spending) grow steadily over the past decade, from $23.3 billion in 2007, with the only flat year being 2015.
The average revenue per passenger per cruise has fluctuated as estimated by Cruise Industry News based on companies’ financial reports, from $1,600 in 2007 to approximately $1,500 projected for 2017.
The reduction reflects partially more shorter cruises, development of new markets, and also strategic pricing to fill the growing fleet. However, the reduction has been offset by the increase in the number of passengers and more efficient ships.
If the industry can maintain or raise its revenues per passenger per day, industry revenues are projected to reach $57 billion by 2027.
About the Annual Report:
The Cruise Industry News Annual Report is the only book of its kind, presenting the worldwide cruise industry through 2027 in 400 pages.
Statistics are independently researched. See a preview by clicking here.
The report covers everything from new ships on order to supply-and-demand scenarios from 1987 through 2027+. 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.