View Report Details Global Cruise Market Report ----------------------------------------2016
View Report Details Executive Summary The global cruise industry has been growing every year and has made a strong come back after recession. The industry has seen a growth in the number of passengers opting for cruise vacations. Cruising has expanded in recent decades from serving only the very rich to providing activities and entertainment options even for the middle-class vacationer. The cruise has also paved its way to young generation rather than being populated only by aged people. The modern cruise industry has reacted to wide-ranging market and companies are coming up with innovative designs of ships, increased ship lengths, variety of destinations, new on-board and onshore activities and enhanced choice of cruise holidays that matches everyone’s expectations. A growing cruise industry has resulted in growth of employment. The cruise industry has begun to find its market in the developing nations of Asia and Africa and countries like Australia and New Zealand is showing tremendous growth. China has also stepped in the competition with an increase in the passengers visiting Japan and Korea. North America is leading the industry followed by Europe. The key factors driving the growth of the cruise market are decreasing unemployment, growing economic growth, increasing urbanization and variety of destinations. Some of the noteworthy trends and developments of this industry are global shifting of passenger load, creating difference through branding, convenience of on-demand workspace and technological advancement. However, the expansion of cruise industry can be affected by effect of global economic condition, unpleasant incident at sea, environmental issues and piracy acts. The report “Global Cruise Industry” provides an in-depth analysis of the market, with a focus on regional markets. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The major players in the industry, Carnival Corporation, Royal Caribbean Cruises and Norwegian Cruise Line are being profiled. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables.
Economic growth, increasing urbanization and rising number of passengers to drive the cruise market.. Global Cruise Market by Value (2008-2015) The global cruise market increased from US$.... billion in 2014 to US$..... billion in 2015, showing an increase of ….%,
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The number of global passengers increased to …. million in 2015 from ….. million in 2014, depicting an increase of ..%. The number is estimated to rise up to ….. million by the end of 2016. As of 2015, North America held …..% of total cruise passengers ….. by Europe and Asia with …..% and …% share respectively. South America constituted ….% share while Australia-New Zealand recorded ……% share.
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Global Cruise Passengers Carried by Number (2009-2016E)
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Global Cruise Passengers by Region (2015)
Technological innovation, small sized cruise ships and branding of cruises is adding to the popularity of the cruise industry. European Cruise Passengers (2010-2014)
The number of passengers sourced from the US increased to ….. million in 2014 from ….. million in 2013, denoting a …% increase. Millions
The number of European cruise passengers increased from ….. million in 2013 to ….. million in 2014. A total of ……. Australians cruised in the year 2014 increasing from …….. in 2013 representing a surge of …..%. As of 2014-2015 sessions, …. ships made …. voyages, which visited a total of …. port calls around New Zealand, and carried …… passengers and crew of ……. 2010
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The US Cruise Passengers (2009-2014)
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The future outlook of the cruise market would mainly be driven by rising disposable income, number of passengers and urban population .
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Global Cruise Market Forecast (2014-2019E)
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The Cruise industry is poised to grow at a compounded annual growth rate of …% from US$.......billion in 2014 to US$..... billion by 2019. Growing economic growth, increasing urbanization, variety of destinations , increase in number of passengers and technological advancements are likely the drivers of Cruise market Effect of global economy, unpleasant incidents at sea and environmental issues have posed a major threat for this industry.
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