Luxury Cruise Tourism Market Growth, Size, Trends, Share, Revenue, Challenges and Future Outlook
Luxury Cruise Tourism Market Size- By Cruise Lines, By Cruising Type, By Services, By Booking Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Apr-2023 | Report ID: TRAT2305 | Pages: 1 - 244 | Formats*: |
| Category : Travel & Tourism | |||
Global Luxury Cruise Tourism Market Overview
According to SPER Market Research, the Global Luxury Cruise Tourism Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The luxury cruise tourism market is anticipated to grow as a result of the robust economic recovery and an increase in the number of high-net-worth individuals in both developed and emerging nations. Luxury purchasing and lifestyle are becoming more popular than leisure travel. Moreover, domestic consumption and trade are growing, and the number of women working is rising. These elements are anticipated to fuel the luxury cruise tourism market's expansion. Throughout the anticipated term, the expansion of the luxury cruise tourism market would be impacted by the rising number of mid-scale and low-cost hotels.
A long-term vacation on a cruise ship is a component of the opulent style of touring known as luxury cruising. The peak of luxury travel is a cruise. Luxury cruise packages are exceedingly expensive and are primarily intended for wealthy people and members of the elite class. Luxury cruises provide top-notch goods and services, such as customizable itineraries, a private butler, larger staterooms, and more distant ports of call. The itinerary's length could be somewhere between six and twelve months. Luxurious cruises are a very popular honeymoon location for newlyweds, business titans, and others. It is also projected that a rapid rise in the popularity of small-ship cruises and the use of small luxury yachts for luxury travel will significantly enhance the market for luxury cruises.
Impact of COVID-19 on the Global Luxury Cruise Tourism Market
In the cruise business, it was anticipated that the supply chain system would speed up as the supply of tourists or passengers would outpace the demand in the years to come. The ongoing Covid-19 pandemic outbreak has had a negative impact on the cruise industry for two main reasons: there hasn't been much media coverage, there hasn't been as much government involvement (because the government is working to emphasize the focus on safety measures for people due to the ongoing virus outbreak), and the global cruise market, which is part of the travel and tourism industry, has seen a significant decline in global sales with less supply and demand than the industry as a whole.
The Star Cruises in Hong Kong entered into a deal to provide temporary lodging for foreign workers during the pandemic's rise and transitioned to being digital by offering consumers a relaxing experience by simply sitting at home and enjoying the cruise on a digital mode. Yet, a cruise in reality is rather different. People are beginning to rebook, and the supply chain has a positive outlook for the upcoming year (dispatch of vessels and containers have already started). Future growth is predicted to be modest, but it will increase customer confidence.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Cruise Lines, By Cruising Type, By Services, By Booking Mode |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | American Cruise Lines, Azamara, Crystal Cruises, Norwegian Cruise Line Holdings Ltd., Oceania Cruises S. de R.L., Regent Seven Seas Cruises, Royal Caribbean International, Seabourn, Silversea Cruises, Viking Ocean Cruises |
Global Luxury Cruise Tourism Market Segmentation:
1. By Cruise Lines:
- Adventure and Exploration Cruise Lines
- Contemporary/Upscale Cruise Lines
- Mainstream Cruise Lines
- Premium Cruise Lines
- Theme Cruise Lines
- Traditional Cruise Lines
2. By Cruising Type:
- Luxury Yachts
- Ocean Cruises
- River Cruises
- Small-ship Cruises
3. By Services:
- 4D Movie Theatres
- Adventurous Sports
- Bars & Pubs
- Cruise Fares
- In-suite Spa Treatment Centres
- Planetarium
- Restaurants
- Snow Rooms
- Water Sports
4. By Booking Mode:
- Offline
- Online
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Luxury Cruise Tourism Market (FY’2019-FY’2032)
- Overview of Global Luxury Cruise Tourism Market
- Segmentation of Global Luxury Cruise Tourism Market By Cruise Lines (Adventure and Exploration Cruise Lines, Contemporary/Upscale Cruise Lines, Mainstream Cruise Lines, Premium Cruise Lines, Theme Cruise Lines, Traditional Cruise Lines, Others)
- Segmentation of Global Luxury Cruise Tourism Market By Cruising Type (Luxury Yachts, Ocean Cruises, River Cruises, Small-ship Cruises, Others)
- Segmentation of Global Luxury Cruise Tourism Market By Services (4D Movie Theatres, Adventurous Sports, Bars & Pubs, Cruise Fares, In-suite Spa Treatment Centres, Planetarium, Restaurants, Snow Rooms, Water Sports, Others)
- Segmentation of Global Luxury Cruise Tourism Market By Booking Mode (Offline, Online)
- Statistical Snap of Global Luxury Cruise Tourism Market
- Global Luxury Cruise Tourism Market Growth Analysis
- Problems and Challenges in Global Luxury Cruise Tourism Market
- Global Luxury Cruise Tourism Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Luxury Cruise Tourism Market
- Details on Recent Investment in Global Luxury Cruise Tourism Market
- Competitive Analysis of Global Luxury Cruise Tourism Market
- Major Players in the Global Luxury Cruise Tourism Market
- SWOT Analysis of Global Luxury Cruise Tourism Market
- Global Luxury Cruise Tourism Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Luxury Cruise Tourism Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Luxury Cruise Tourism Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Luxury Cruise Tourism Market
7. Global Luxury Cruise Tourism Market, By Cruise Lines, 2019-2032 (USD Million)
7.1 Adventure and Exploration Cruise Lines7.2 Contemporary/Upscale Cruise Lines7.3 Mainstream Cruise Lines7.4 Premium Cruise Lines7.5 Theme Cruise Lines7.6 Traditional Cruise Lines7.7 Others
8. Global Luxury Cruise Tourism Market, By Cruising Type, 2019-2032 (USD Million)
8.1 Luxury Yachts8.2 Ocean Cruises8.3 River Cruises8.4 Small-ship Cruises8.5 Others
9. Global Luxury Cruise Tourism Market, By Services,2019-2032 (USD Million)
9.1 4D Movie Theatres9.2 Adventurous Sports9.3 Bars & Pubs9.4 Cruise Fares9.5 In-suite Spa Treatment Centres9.6 Planetarium9.7 Restaurants9.8 Snow Rooms9.9 Water Sports9.10 Others
10. Global Luxury Cruise Tourism Market, By Booking Mode, 2019-2032 (USD Million)
10.1 Offline10.2 Online
11. Global Luxury Cruise Tourism Market, By Region, 2019-2032 (USD Million)
11.1 Global Luxury Cruise Tourism Market and Market Share by Region (2019-2025)11.2 Global Luxury Cruise Tourism Market and Market Share by Region (2026-2032)11.3 Asia-Pacific11.3.1 Australia11.3.2 China11.3.3 India11.3.4 Japan11.3.5 South Korea11.3.6 Rest of Asia-Pacific11.4 Europe11.4.1 France11.4.2 Germany11.4.3 Italy11.4.4 Spain11.4.5 United Kingdom11.4.6 Rest of Europe11.5 Middle East and Africa11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa11.6 North America11.6.1 Canada11.6.2 Mexico11.6.3 United States11.7 Latin America11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12. Company Profiles
12.1 American Cruise Lines12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments12.2 Azamara12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments12.3 Crystal Cruises12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments12.4 Norwegian Cruise Line Holdings Ltd.12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments12.5 Oceania Cruises S. de R.L.12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments12.6 Regent Seven Seas Cruises12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments12.7 Royal Caribbean International12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments12.8 Seabourn12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments12.9 Silversea Cruises12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments12.10 Viking Ocean Cruises12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Luxury Cruise Tourism Market is projected to reach USD XX billion by 2032, growing at a CAGR of XX% during the forecast period.
Luxury Cruise Tourism Market grew in market size from 2021. The Market is expected to reach USD XX billion by 2032, at a CAGR of XX% during the forecast period.
Luxury Cruise Tourism Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Luxury Cruise Tourism Market size is USD XX billion from 2022 to 2032.
Luxury Cruise Tourism Market Segment is Covered By Product Category, By Cruise Lines, By Cruising Type, By Services, By Booking Mode
The North America region is anticipated to have the highest market share in Luxury Cruise Tourism Market.
The key players in the market include Companies Covered American Cruise Lines, Azamara, Crystal Cruises, Norwegian Cruise Line Holdings Ltd., Oceania Cruises S. de R.L., Regent Seven Seas Cruises, Royal Caribbean International, Seabourn, Silversea Cruises, Viking Ocean Cruises
Luxury purchasing and lifestyle are becoming more popular than leisure travel. Moreover, domestic consumption and trade are growing, and the number of women working is rising.
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