Global Hotels, Resorts, and Cruise Lines Market size & share value expected to touch USD 3,087.27 billion by 2032, to grow at a CAGR of 17.5% during the forecast period.

Concerning the 11 selected segments, the segment Other has the largest value share by brand with 26 percent. Contrastingly, TUI Cruises is ranked last, with three percent. Their difference, compared to Other, lies at 23 percentage points. Find more statistics on other topics: a comparison of countries or regions regarding the number of users and a comparison of the competitive landscape in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

Hotels, Resorts And Cruise Lines Market 2025: Projected to hit USD 1490.02B by 2029 at 16.2% CAGR. Access in-depth analysis on trends, market dynamics, and competitive landscape for data-driven decisions.

This statistic shows the market share of cruise industry worldwide in 2017, by company. In that year, the cruise company Carnival Corporation held the largest share of the cruise market at 44.1 percent.

Global cruise industry - additional information

Cruising has become a major part of the tourism industry, with global cruise industry revenue forecasted to reach almost 38 billion U.S. dollars in 2017. Over recent years, travelers from around the world have shown increasing interest in cruise vacations, with the largest share of passengers coming from North America. The North American cruise industry has reported a rising number of guests year-on-year. There were approximately 12.41 million guests counted in 2016.

The British-American cruise company Carnival Corporation & plc, was the tenth leading travel and leisure company in the United States in 2015, with a market value of approximately 28.35 billion U.S. dollars. Founded in 1972, Carnival Corporation & plc, with its associated cruise lines, had the capacity to carry more than 220 thousand passengers as of January 2017. The passenger capacity of the global cruise industry has increased year-on-year, and forecasted to increase from 466 thousand in 2016 to 521 thousand by 2018.

The common use of cruise line ships is for leisure voyages. Transportation is not usually the main purpose of taking a cruise trip: most modern cruise liners offer a large variety of on board activities such as casinos, spas, shops, a theatre or cinema and indoor/outdoor swimming pools. Despite those facilities, 40 percent of U.S. passengers are also willing to pay extra for off-the-ship excursions. Luxury cruise line ships are the most popular accommodation among travelers who are interested in luxury travel.

The global cruise liner market is a dynamic and expanding sector, projected to experience substantial growth over the forecast period (2025-2033). While precise figures for market size and CAGR are unavailable in the provided data, industry analysis suggests a sizeable market driven by several key factors. Increased disposable incomes, particularly in emerging economies, fuel a rise in leisure travel and a growing preference for cruise vacations. Technological advancements, such as improved onboard amenities and enhanced booking systems, also contribute to market expansion. Furthermore, strategic marketing campaigns focusing on diverse demographics and unique travel experiences are boosting demand. The market is segmented by cruise type (e.g., luxury, budget, family-friendly) and application (e.g., leisure, corporate events), offering varied options to cater to a broader spectrum of consumer preferences. Competition among major players like Carnival Corporation, Royal Caribbean International, and MSC Cruises is intense, leading to innovation in ship design, itineraries, and onboard services. However, the market faces certain challenges. Environmental concerns surrounding cruise ship emissions and their impact on marine ecosystems are leading to stricter regulations and impacting operational costs. Geopolitical instability and economic downturns can significantly affect travel patterns and consumer spending, potentially dampening market growth. Fluctuations in fuel prices and the availability of skilled labor also pose risks. Despite these constraints, the long-term outlook for the global cruise liner market remains positive, with a projected upward trend fueled by the aforementioned drivers and ongoing adaptations to address environmental and economic challenges. Strategic diversification, sustainable practices, and targeted marketing will be vital for sustained success in this competitive landscape.

• The global industry was valued at US$ 15.4 Bn in 2023
• It is estimated to grow at a CAGR of 8.3% from 2024 to 2034 and reach US$ 36.9 Bn by the end of 2034

Market Introduction

Attribute	Detail
Drivers	Growth in Popularity of Cruise Vacations Surge in Number of Wealthy Passengers

Regional Outlook of Luxury Retail on Cruise Liners Industry

Attribute	Detail
Leading Region	North America

Luxury Retail on Cruise Liners Market Snapshot

Attribute	Detail
Market Value in 2023 (Base Year)	US$ 15.4 Bn
Market Forecast Value in 2034	US$ 36.9 Bn
Growth Rate (CAGR)	8.3%
Forecast Period	2024-2034
Historical Period	2020-2022
Quantitative Units	US$ Bn for Value
Market Analysis	Global qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, PESTEL analysis, etc. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape	Prominent Players - Competition Dashboard and Revenue Share Analysis 2023 Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Regions Covered	Global North America Europe Asia Pacific Middle East & Africa South America
Market Segmentation	Product Type Art & Crafts Products Jewelry Watches Fashion Products Apparel Top Wear Shirts & T-Shirts Jackets & Coats Others (Tops, Hoodies, etc.) Bottom Wear Coverall Others (Caps, Scarf, etc.) Footwear Shoes Boots Heels Others (Flip Flops & Slipper, Sandals, etc.) Accessories (Sunglasses, etc.) Bags Beauty & Skincare Books & Literature Spirits and Tobacco Products Others (Confectionary, Fragrance, etc.) Cruise Type Mainstream Cruise Ships Ocean Cruise Ships Luxury Cruise Ships Mega Cruise Ships Others (River Cruise Ships, etc.)
Companies Profiled	Avolta COLUMBIA Cruise Services GmbH & Co. KG Cruise Ship Suppliers Cruiseshipcenters Dufry AG Harding Retail Norwegian Cruise Line Holdings Ltd RMS Marine Service Company Ltd Royal Caribbean International Starboard Cruise Services Other Key Players
Customization Scope	Available upon Request
Pricing	Available upon Request

Explore the Cruise Market trends! Covers key players, growth rate 12.5% CAGR, market size $14.13 Billion, and forecasts to 2033. Get insights now!

Global Hotels Resort And Cruise Line market size 2025 was XX Million. Hotels Resort And Cruise Line Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Market Overview: The Hotels, Resorts, and Cruise Line Market has witnessed steady growth, reaching a market size of USD 106.55 billion in 2025. It is projected to expand at a CAGR of 4.66% during the forecast period (2025-2033). The market is driven by factors such as increasing disposable income, rising travel and leisure spending, and the growing popularity of cost-effective vacation options. Additionally, the trend towards experiential travel and the rise of the millennial generation are contributing to the industry's expansion. Key Trends and Segmentation: One significant trend in the market is the rise of the sharing economy, with platforms like Airbnb and Vrbo gaining popularity. The market is also seeing a shift towards personalization, with hotels and resorts offering tailored experiences to cater to specific guest preferences. In terms of segmentation, the market is divided into various categories based on market type (hotels, resorts, cruise lines), service type (luxury, mid-range, budget), property type (full-service, limited-service, vacation rental), business model (independent, franchise, management contract), and target market (families, couples, business travelers, seniors, millennials). Key players in the market include Hilton Worldwide Holdings, Wyndham Worldwide, AccorHotels, and Marriott International. Recent developments include: The global Hotels, Resorts, and Cruise Line Market is expected to witness steady growth in the coming years, driven by increasing disposable income, rising travel demand, and growing popularity of experiential tourism. The market is expected to reach a value of USD 160.5 billion by 2032, exhibiting a CAGR of 4.66% during the forecast period (2024-2032).Recent news developments and current affairs in the market include the growing adoption of digital technologies, such as artificial intelligence (AI) and virtual reality (VR), to enhance guest experiences and streamline operations. Additionally, the increasing focus on sustainability and eco-friendly practices is driving the adoption of green initiatives across the industry. Furthermore, the emergence of new cruise destinations and the expansion of existing ones are expected to contribute to the growth of the cruise line segment.. Key drivers for this market are: Expansion into Emerging Markets Increased Demand for Luxury Experiences Technological Enhancements and Personalization Sustainable and Eco-friendly Practices Partnerships and Collaborations. Potential restraints include: 1 Increasing demand for personalized experiences2 Growing popularity of all-inclusive packages3 Shift towards online booking platforms4 Expansion of luxury cruise lines5 Rise of sustainable tourism.

The size of the Hotels, Resorts and Cruise Lines Market was valued at USD 936.7 billion in 2023 and is projected to reach USD 3128.35 billion by 2032, with an expected CAGR of 18.8 % during the forecast period. The hotel, resort, and cruise lines market is one of the leading segments of the global travel and tourism industry, which offers accommodation and leisure experiences to travelers across the globe. It includes a range of services from budget-friendly hotels to luxury resorts and cruise vacations. The sector has witnessed huge growth because of the increase in disposable incomes, rising global tourism, and the increasing demand for different types of unique, experience-based travel. Hotels and resorts are meant to serve business and leisure markets, providing spas, restaurants, and event spaces, to name a few. Cruising lines, offering an all-inclusive vacation experience on water, are ideal for a long trip, as these companies, such as Carnival and Royal Caribbean, continue to enlarge their fleets and add to their services. The market also became reshaped by the changed demand of consumers, who want a sustainable, wellness-related service, and a very unique experience. Despite fluctuations in the economy and a pandemic, the market remains strong and dynamic with continuous responses to current customer needs and perceptions. Recent developments include: In July 2023, Marriott International and MGM Resorts International announced a long-term license agreement, and the creation of MGM Collection with Marriott Bonvoy. The agreement will allow MGM Resorts to leverage Marriott’s global distribution platform and loyalty program, while Marriott will gain access to MGM’s iconic portfolio of hotels and resorts in key markets , In July 2023, Hilton announced the opening of Hilton Okinawa Miyako Island Resort. The resort is a result of a partnership with Mitsubishi Estate and Kajima Corporation, two leading real estate developers in Japan. The resort aims to provide guests with an unforgettable experience of the island’s natural beauty and culture , In June 2023, InterContinental Hotels Group PLC announced a partnership with Hotel Express Sofia Airport OOD to open Holiday Inn Express Sofia Airport, a new hotel near the Bulgarian capital’s international airport. This will help IHG to expand its market share and brand presence in Bulgaria. .

The global river cruise market was estimated to grow at a compound annual growth rate (CAGR) of 5.4 percent between 2018 and 2027, reaching 7.3 billion U.S. dollars in 2027. The European river cruise market had more than 1.6 million passengers in 2018.

[Keywords] Market include Carnival Cruise Line, Cruise Critic, Royal Caribbean Intl., Genting Hong Kong, American Cruise Lines

As per Cognitive Market Research's latest published report, the Global Cruises market size will be $9.45 Billion in 2023. The cruise industry's Compound Annual Growth Rate will be 9.1% from 2023 to 2030. Factors Impacting on Cruise Market

The Cruise Tourism Sector is gaining popularity across the globe. A cruise ship is a luxurious passenger ship with all the entertainment options, activities, amenities, and attractions present only for the purpose of enhancing the passenger's experience. It is At this journey, the primary emphasis is on passengers remaining on the ship and enjoying awesome places to visit along the way. As per the Cruise Lines International Association, Gen Z is one of the largest consumers of the cruise industry. This generation is looking for unique and memorable experiences during traveling, which is likely to contribute to the growth of the cruise industry. As the population ages, cruise vacations appeal to older individuals who may prefer the comfort and amenities offered by cruise ships. Cruises provide a hassle-free way to explore multiple destinations without the need to constantly pack and unpack. These factors contribute to the increasing popularity of cruise tourism. As a result, the cruise market is expected to show the fastest growth in the near future What is Cruise?

A cruise, in travel and tourism, typically refers to a vacation or voyage taken on a large passenger ship or cruise liner. Cruise ships are a type of luxury vessel designed to transport passengers on an excursion, which is an extended journey that is integral to the overall experience, as well as the various destinations along the route. Passengers on a cruise ship travel to various destinations, often stopping at multiple ports along the way. Cruises can be for leisure, relaxation, and exploration, and they may offer a variety of amenities and activities on board.

This statistic represents the worldwide cruise ship market share as of April 2016, broken down by company and based on 2016-2022 ordership value. Germany-based Meyer Werft accounted for about 29 percent of the worldwide cruise ship market, and was ranked second.

Snapshot img

Cruise Tourism Market Size 2025-2029

The cruise tourism market size is forecast to increase by USD 29.76 billion at a CAGR of 12.8% between 2024 and 2029.

The market is experiencing significant growth, driven by the global economic recovery and the increasing number of high net worth individuals (HNWIs). This trend is expected to continue as disposable income increases and travel restrictions ease. Another key driver is the growing popularity of repositioning cruises, which offer travelers the opportunity to explore multiple destinations at a lower cost. However, the market is not without challenges. Rising environmental concerns, particularly regarding the carbon footprint of cruise ships, are leading to increased regulation and pressure on operators to adopt more sustainable practices. Companies seeking to capitalize on this market's opportunities must stay abreast of these trends and navigate the evolving regulatory landscape. Additionally, investing in innovative technologies and sustainable practices will be crucial for long-term success. Overall, the market presents significant growth potential for companies that can effectively address these challenges and meet the evolving demands of consumers.

What will be the Size of the Cruise Tourism Market during the forecast period?

Request Free SampleThe market, a significant segment of the travel industry, continues to thrive with growth. Ocean cruises, a key component of this sector, offer passengers a unique blend of transportation, accommodation, and hospitality. The market caters to a diverse range of travelers, from families to retirees, with various themes, amenities, and itineraries. Cruise liners are pioneering services that go beyond the traditional, with offerings such as skydiving simulators, water coasters, and adventurous activities. Enclave tourism is another trend gaining popularity, with cruises providing tropical getaways and cultural explorations. Passengers seek out themed cruises, luxury experiences, and onboard entertainment, making the cruise business a dynamic and competitive industry. The market's size and direction reflect the evolving preferences of travelers, as they seek out unique travel experiences.

How is this Cruise Tourism Industry segmented?

The cruise tourism industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductPassenger ticketsOnboard facilitiesApplicationOcean cruisingRiver cruisingGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalySpainUKAPACAustraliaChinaJapanSouth AmericaMiddle East and Africa

By Product Insights

The passenger tickets segment is estimated to witness significant growth during the forecast period.The cruise tourism industry represents a substantial segment within the travel industry, encompassing passenger ticket sales, accommodation, hospitality, and transportation services. Passenger ticket revenue includes tickets, insurance, and airfare, offering a range of accommodations, amenities, activities, meals, entertainment, and transportation. Cruise fares are influenced by itinerary, stateroom category, travel season, and additional factors. The cruise industry's growth can be attributed to the increasing preference for cruise vacations among consumers, with offerings ranging from ocean cruises to river cruising, themed cruises, and luxury experiences. New operators, next-generation boats, and novel destinations continue to enter the market, providing travelers with a diverse range of choices. Onboard amenities include specialized cruise terminals, passenger arrivals, and luxurious accommodations, catering to various consumer behaviors and preferences. : cruise tourism industry, passenger ticket, accommodations, hospitality, transportation, ocean cruises, river cruising, themed cruises, luxury experiences, consumer behavior.

Get a glance at the market report of share of various segments Request Free Sample

The Passenger tickets segment was valued at USD 25.01 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 44% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The North American the market is experiencing significant growth, making it one of the fastest-growing sectors within the broader travel industry. Over the past three decades, passenger flow in this market has seen a consistent increase. In response, cruise companies are enhancing their offerings by expanding passenger capacity, itineraries, and convenient embarka

The cruise tourism industry held a market worth of US$ 5.3 billion in 2022, and it is anticipated that it will reach a market value of US$ 17.8 billion by 2033, growing at a CAGR of 12.1% from 2023 to 2033.

Attribute	Details
Estimated Market Value (2022)	US$ 5.3 billion
Expected Market Value (2023)	US$ 7.1 billion
Projected Forecast Value (2033)	US$ 17.8 billion
Anticipated Growth Rate (2023 to 2033)	12.1% CAGR

Report Scope

Attribute	Details
Growth Rate	CAGR of 12.1% from 2022 to 2032
Market value in 2023	US$ 7.1 billion
Market value in 2033	US$ 17.8 billion
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	US$ billion in value
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Tourism Type Tourist Type Region
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East and Africa
Key Countries Profiles	United States Canada Brazil Mexico Germany United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel
Key Companies Profiled	AmaWaterways LLC Ambassador Cruise Holidays Ltd. American Cruise Lines Carnival Corp. and Plc Compagnie du Ponant Cosmos Tours Ltd. Genting Hong Kong Ltd. Kerala Shipping and Inland Navigation Corp. Ltd. LaVista Travel MSC Mediterranean Shipping Co. SA Norwegian Cruise Line Holdings Ltd.
Customization & Pricing	Available upon Request

From 2022 to 2030, the global market for hotels, resorts, and cruise lines is projected to rise from 2023's USD 218.59 billion at a CAGR (compound annual growth rate) of 12.3. Market size, growth, share

The global cruise travel market is estimated to be valued at XXX million in 2025, with a projected CAGR of XX% over the forecast period 2025-2033. The growth of the market is attributed to the increasing disposable income, growing popularity of cruising as a leisure activity, and expanding infrastructure. The market is segmented by type (ocean cruise, river cruise), application (passenger tickets, onboard and other), and region (North America, South America, Europe, Middle East & Africa, Asia Pacific). Key drivers of the market include the rising demand for luxury travel, the growing popularity of multi-generational travel, and the increasing number of cruise ships being built. However, the market is also facing certain restraints, such as the high cost of cruising, the environmental impact of cruising, and the safety concerns associated with cruising. The major players in the market include Carnival Corporation, Royal Caribbean, Norwegian Cruise Lines, MSC Cruises, and Genting Hong Kong. The market is expected to witness significant growth in the Asia Pacific region, driven by the increasing demand for luxury travel and the growing popularity of cruising as a leisure activity.

According to Cognitive Market Research, The Global River Cruise market estimation is USD 1600 million in 2023 and will grow and expand at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030.

The demand for River Cruise is rising due to the growing emphasis on companies expanding their locations.
Demand for Passenger tickets remains higher in the River Cruise market.
The 56 years and above segment category held the highest River Cruise market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific River Cruise market will experience the strongest growth until 2030.

Increase in Amenities and Options Available Onboard River Cruises to Provide Viable Market Output

There has been a noticeable increase in the incorporation of diverse onboard activities in itineraries during the last several years.

The Pacific Northwest Waterways Association reports that the market for river cruises in the Columbia and Snake area has grown significantly during the past ten years. The group added that more than 25,000 travelers and staff came in 2019 and gave more than USD 15 million to the two riverside settlements.

Aqueducts, sports, shopping (tourists can buy watches, duty-free alcohol, electronics, gifts and more), video games (including racing, fighting, thrills and games of skill), poker clubs and casinos, art galleries, bars and pubs and more are some of the main attractions. Aqueducts include water slides, bucket slides, tubes and other slides. Sports include rope courts, air courts, volleyball, soccer, basketball, table tennis, golf, mini foosball, and swimming pools.

Expansion of River Cruise Companies Locations to Propel Market Growth

River cruise companies are increasing their itineraries, giving travelers more options, luring new clientele, and raising market demand. River cruise operators may access a variety of cultural encounters, landscapes, and attractions that appeal to the interests and tastes of a wide spectrum of travelers by exploring new places.

Data from AAA Travel shows a 25% increase from 2019 in domestic river cruise bookings for 2022, surpassing pre-pandemic levels.

Technological Advancement Drives the Market Growth

Market Dynamics of the River Cruise

Strict Laws and Norms that Prohibit Ship Tourism to Hinder Market Growth

The market's expansion is hampered by strict laws and norms that prohibit ship tourism. Governments in many nations continue to place stringent laws and regulations on tourism, preventing the business from expanding. For instance, the California Air Resources Board (CARB) was in charge of implementing state marine environmental legislation in California (a Western U.S. state) on January 1, 2007. Most oceangoing boats (including ships) operating within 24 miles of the California coast must use low-sulfur marine fuels (diesel and petrol). For ship owners operating in the nation, the predominance of these state council emissions rules is concerning.

Impact of COVID–19 on the River Cruise Market

The COVID-19 epidemic caused a decrease in passenger volume in the market. According to the Cruise Lines International Association, the number of passengers traveling globally fell by 80.0% in 2020. The bulk of the cruises were stuck at various sites, and some cruises were canceled as a result of the COVID-19 pandemic's breakout. However, because of the restarted operations and loosened regulations, it is projected that the industry will develop at a modest and healthy rate. Following the epidemic, a lot of travelers are searching for quick getaways like short trips. Introduction of The River Cruise Market

The industry is expected to develop as a result of a variety of reasons, including a robust global economic recovery, an increase in high-net-worth people (HNWIs), an expansion of amenities on board river cruises, and rising consumer desire for unusual travel experiences.

For instance, the Sail Lines International Association estimates that 58.0% of visitors from abroad are first-time cruisers who are likely to sail in the upcoming years.

Due to the cost difference and advantages offered by the other holidays, cruise vacations are becoming more and more popular. Compared to other types of land-based holidays, which involve transportation, food, lodging, and entertainment, cruise vacations are more economical.

The luxury cruise tour market is experiencing robust growth, driven by increasing disposable incomes, a desire for unique travel experiences, and the expanding appeal of sustainable and experiential travel. The market size in 2025 is estimated at $15 billion, reflecting a consistent demand for high-end cruise vacations. While precise CAGR figures are unavailable, considering the growth trends in the broader cruise industry and the luxury travel sector, a conservative estimate places the Compound Annual Growth Rate (CAGR) between 7% and 9% from 2025 to 2033. This indicates a substantial increase in market value over the forecast period, potentially reaching $28 to $35 billion by 2033. Key drivers include the rise of personalized itineraries, luxury onboard amenities like gourmet dining and exclusive spas, and the increasing popularity of expedition cruises to remote destinations. The market is segmented by ticket type (passenger tickets dominating), onboard facilities (ranging from basic to opulent), and application (ocean cruises holding the largest share, followed by river cruises and lake cruises). Major players like Carnival, Royal Caribbean, and Viking Cruises are constantly innovating to cater to this discerning clientele, fostering competition and driving further market expansion. The competitive landscape is marked by established players and emerging niche operators focused on sustainable and adventure-based luxury travel. Restraints include the impact of geopolitical events and economic fluctuations on international travel, as well as environmental concerns regarding cruise ship emissions, which are being addressed through stricter regulations and advancements in greener technology. The regional distribution of market share is expected to see continued dominance from North America and Europe, with growth potential in Asia-Pacific and other emerging markets fueled by increasing affluence and tourism development. The market's success hinges on continued innovation, sustainability initiatives, and the ability of cruise lines to adapt to evolving traveler preferences and expectations.