Cruise Ship Industry Analysis

Cruise Industry Overview In 2017 a record 258 million passengers cruised globally.

Cruise ship industry analysis. Cruise lines have also paid a substantial amount of money in refunds. Celebrity Cruises Competitor Analysis Case Study. All of the worlds leading cruise lines include Australia in their programs ranging from expedition style cruise lines and mid-range ships to mega ships and up-scale lines.

Expansion from Cruise line to Luxury Liners which will give higher margins as well as elite customers 2. EXHAUST GAS CLEANING SYSTEMS EGCS Removes 98 of sulfur content from exhaust and significantly reduces particulate matter. The MarketWatch News Department was not involved in the creation of this content.

Cruise industry dynamics More than ever the cruise ship itself is the centerpiece of the way cruise operators compete. During 2007 there were 24 cruise ships in the fleet and in 2017 there were 72 ships of over 100000 GT of which 16 ships over 150000 GT table 2. Cruise is considered as one of the fastest-growing sectors of the travel industry with 8 annual passenger growth since 1980.

Here are some possible ideas for a SWOT analysis for a cruise line remember to pick and choose the ones that are relevant to your particular brand. With a focus on the key success factors we analyze the industry as a whole. The article presents trends in cruise lines in the US.

It provides a projection of the total cruise ship capacity based on ships that are being constructed. Cruise industry growth market segments passenger origins and a financial profile of revenue and expenses from an average cruiser. The cruising sector in recent years as consumers have started to appreciate the advantages of cruising as well as the increase in quality of facilities and infrastructure onboard the ships.

Since then the indus try has changed from a trans-ocean carrier service. Cruise industry revenue was over four times higher than that of Germany the second leading market. Since 1980 the industry has experienced an average annual passenger growth rate of approximately 7 per annum.