tourismanalytics.com
  • Latest News Headlines
  • About Us
  • What we do
  • Contact Us
  • Articles
  • Statistics
    • Abu Dhabi
    • Anguilla
    • Antigua & Barbuda
    • Aruba
    • The Bahamas
    • Barbados
    • Belize
    • Bermuda
    • Bonaire
    • British Virgin Islands
    • Cancun
    • Caribbean
    • Cayman Islands
    • Costa Rica
    • Cruise Visitors Caribbean
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Dubai
    • Florida
    • Global
    • Grenada
    • Guadeloupe
    • Guyana
    • Haiti
    • Hawaii
    • Jamaica
    • Las Vegas
    • Los Cabos
    • The Maldives
    • Martinique
    • Mauritius
    • Mexico
    • Montserrat
    • Nicaragua
    • Orlando
    • Panama
    • Puerto Rico
    • Punta Cana
    • Saint Lucia
    • Seychelles
    • St Kitts & Nevis
    • St. Vincent & The Grenadines
    • Sint Maarten
    • Trinidad and Tobago
    • Turks & Caicos
    • US International Outbound
    • US Consumer Confidence Index
    • USVI
  • Newsletter

Articles

Cruise Industry Set to Grow to Over 500 Ships in the Next Decade.

4/8/2019

0 Comments

 
The cruise industry will easily have over 500 vessels in service by 2027, up from some 404 this year, according to the 2019 Cruise Industry News Annual Report.

A record orderbook of more than 120 ships combined with a minimized withdrawal rate of one to two ships per year is guaranteeing that growth.

Add in the expected filling out of shipyard slots between 2023 and 2027, and the cruise industry could see upwards of 550 ships in service by 2027, and perhaps more if new yards continue to enter the business.

This growth rate has accelerated dramatically, as 220 ships were in service in 1998, according to Cruise Industry News data, and the industry’s annual market capacity was about a third of what it is in 2019.

Going by brands, MSC Cruises has the biggest growth plans of all with 14 ships on order, split between 10 megaships and four smaller, 1,000-guest luxury vessels as the company looks to dominate the high-end market.

Among the big industry players, giant Carnival Corporation has 20 ships on order from 2019, extending its own orderbook through 2024. Carnival has vessels on order for  nine cruise brands, including its joint venture with China State Shipbuilding Corporation.

Royal Caribbean Cruises has an orderbook including 15 ships, including five for its Royal Caribbean International brand, four for Celebrity, five for Silversea and a trio of vessels for TUI Cruises. Deliveries extend through 2026.

Norwegian Cruise Line Holdings’ growth plans have seven ships on order for the Norwegian brand, plus two for Regent and two for Oceania, totaling 11 ships on the orderbook. The Norwegian brand will get new Leonardo-class ship annually starting in 2022, with six ships spread out through 2027.
​
Other big growth plans include Torstein Hagen’s Viking Cruises brand, which will have some 18 ships in service by 2027, having launched ocean service with the Viking Star in 2015.
0 Comments



Leave a Reply.

    Jim Hepple is an Assistant Professor at the University of Aruba and is Managing Director of Tourism Analytics.

    ​

    Archives

    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018

    Categories

    All

    RSS Feed

Site powered by Weebly. Managed by SiteGround
  • Latest News Headlines
  • About Us
  • What we do
  • Contact Us
  • Articles
  • Statistics
    • Abu Dhabi
    • Anguilla
    • Antigua & Barbuda
    • Aruba
    • The Bahamas
    • Barbados
    • Belize
    • Bermuda
    • Bonaire
    • British Virgin Islands
    • Cancun
    • Caribbean
    • Cayman Islands
    • Costa Rica
    • Cruise Visitors Caribbean
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Dubai
    • Florida
    • Global
    • Grenada
    • Guadeloupe
    • Guyana
    • Haiti
    • Hawaii
    • Jamaica
    • Las Vegas
    • Los Cabos
    • The Maldives
    • Martinique
    • Mauritius
    • Mexico
    • Montserrat
    • Nicaragua
    • Orlando
    • Panama
    • Puerto Rico
    • Punta Cana
    • Saint Lucia
    • Seychelles
    • St Kitts & Nevis
    • St. Vincent & The Grenadines
    • Sint Maarten
    • Trinidad and Tobago
    • Turks & Caicos
    • US International Outbound
    • US Consumer Confidence Index
    • USVI
  • Newsletter