Things are looking up for the cruise industry in 2021, which is expected to generate US$6.6 billion in revenue — a figure that's almost double that of last year, according to data from stockapps.com.
New LinkStatista data indicate that the cruise industry, which generated US$27.4 billion in revenue in 2019, will gradually recover from the effects of the Covid-19 pandemic. Revenues are projected to reach US$25.1 billion in 2022 and rise to over US$30 billion by 2023.
Recovery can be seen in the number of travellers taking to cruise vacations again. While the number of cruise passengers dipped to 3.4 million in 2020, the figure is expected to recover to 6.7 million in 2021. In 2019, almost 29 million people worldwide had chosen cruise lines for their vacation.
In terms of markets, data from a Statista survey indicate the United States represents the world’s largest cruise industry, expected to generate around US$2.8 billion in revenue this year.
The German cruise market, the second-largest globally, is expected to reach US$830 million in 2021, followed by the UK market at US$650 million, the Chinese market at US$570 million, and the Italian market at US$218 million in 2021.
The Statista survey revealed that, despite a US$10.24 billion revenue drop in 2020, global cruise giant Carnival Corporation remains the largest player with a 45% market share in 2021. Taking second spot is Royal Caribbean International (25%), followed by Norwegian Cruise Line (15%) and MSC Cruises (5%).