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:
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 report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Luxury Cruise Tourism Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Luxury Cruise Tourism Manufacturing Base Distribution, Sales Area, Product Type
6.2 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 Lines
7.2 Contemporary/Upscale Cruise Lines
7.3 Mainstream Cruise Lines
7.4 Premium Cruise Lines
7.5 Theme Cruise Lines
7.6 Traditional Cruise Lines
7.7 Others
8. Global Luxury Cruise Tourism Market, By Cruising Type, 2019-2032 (USD Million)
8.1 Luxury Yachts
8.2 Ocean Cruises
8.3 River Cruises
8.4 Small-ship Cruises
8.5 Others
9. Global Luxury Cruise Tourism Market, By Services,2019-2032 (USD Million)
9.1 4D Movie Theatres
9.2 Adventurous Sports
9.3 Bars & Pubs
9.4 Cruise Fares
9.5 In-suite Spa Treatment Centres
9.6 Planetarium
9.7 Restaurants
9.8 Snow Rooms
9.9 Water Sports
9.10 Others
10. Global Luxury Cruise Tourism Market, By Booking Mode, 2019-2032 (USD Million)
10.1 Offline
10.2 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-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 American Cruise Lines
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Azamara
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Crystal Cruises
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Norwegian Cruise Line Holdings Ltd.
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Oceania Cruises S. de R.L.
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Regent Seven Seas Cruises
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Royal Caribbean International
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Seabourn
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Silversea Cruises
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Viking Ocean Cruises
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 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.
