The Cruise Lines International Association has released its statistics forecast for 2024, and it makes for very good reading for the cruise industry.
It forecases a record-breaking 35.7 million people will go on a cruise this year, that’s a 6% increase from 31.5 million in 2023, surpassing pre-COVID-19 booking levels.
The stats have been presented by PhotoAiD and can be viewed in full here.
The headline stats:
- The global cruise market is expected to expand by 9.29% from 2023 to 2027, reaching $35.87B in 2027.
- In 2024, the worldwide cruise sector will produce US$30.11B in revenue.
- A cruise ship earns an estimated net profit of US$291 per passenger.
- On average, a cruise ship can host around 3,000 passengers.
- The typical age of a cruise tourist is 46.5.
- Virgin Voyages was the highest-rated large-ship cruise operator in Condé Nast Traveler’s June 2023 survey, scoring 94.07.
- Of those who have cruised, 85% plan to cruise again
- Cruise vacations are gaining popularity among Millennials and Gen Xers, with 73% of those who haven’t cruised yet open to considering it
The data also revealed that a cruise ship earns an estimated net profit of US$291 per passenger.
Consequently, a fully booked 7-day trip on Royal Caribbean’s Symphony of the Seas could generate US$9.8M in revenue, with profits of US$1.7M.
