Future Market Insights Inc. revealed that the cruise sector is the fastest-growing across the travel industry, growing at 12.1% annually over the next decade.
Ahead of CLIA Cruise Week, kicking off on September 18th, it's no surprise that the cruise industry is making serious waves with the impressive rebound of the sector post-pandemic.
With a market worth of US$5.3 billion last year, anticipated to rise to US$17.8 billion by 2033, the cruise sector is not just making waves in consumer trends but across the entire tourism industry, becoming the fastest-growing sector.
A former Future Market Insights study, conducted prior to the pandemic, revealed the cruise industry surpassed 29.7 billion passengers on board, generating jobs for nearly 1.8 billion individuals and US$150 billion to the global economy.
The top 10 global cruise lines account for 105 of the 239 cruise vessels departing in December.
