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The average age of a cruise ship in 2024 is 17.5 years. The construction market for cruise ships is dominated by three European companies and one Asian company. Operators of cruise ships are known as cruise lines. Cruise ships are organized much like floating hotels, with a complete hospitality staff in addition to the usual ship's crew.
Cruise passenger count has increased about 7-fold since 1990, interrupted by the Covid-19 pandemic. [1] MS Nieuw Statendam, a cruise ship owned by Holland America Line Mein Schiff 4, a cruise ship owned by TUI Cruises. A cruise line is a company that operates cruise ships that operate on ocean or rivers and which markets cruises to the public. [2]
As of 2021, the cruise industry was estimated to be around US$ 23.8 billion with 13.9 million passengers per year. The following is a list of the largest cruise lines with over 1,000 passengers per year and their market share by passengers and revenue as of 2021 according to Cruise Market Watch.
"The luxury cruise market is niche but very competitive," Patrick Scholes, a lodging and leisure research analyst at Truist Securities, told BI. "Operationally, it's not easy.
A Caribbean cruise is probably not the first thing that comes to mind when planning solo travel. ... Cunard has made a gallant effort at courting the solo cruiser market of late, including cabins ...
The Cruise Lines International Association (CLIA) forecasts that nearly 10 million Chinese travelers a year will go on a cruise by 2025. That would be up markedly from a mere 2.5 million in 2017.
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