The Caribbean cruise market is poised to reach a valuation of US$ 1.12 Billion in 2022. Sales are projected to increase at a 3.0% CAGR, with the market size reaching US$ 1.51 Billion by 2032.
Various attractive tour packages are offered by a number of cruising lines. Travelers who were locked at their homes were eagerly waiting for an opportunity. Cruising lines providing new offers and packages has gained the interest of these travelers.
The cruising lines are also set to make the most out of the opportunity by launching new luxury cruises and exciting activities to add on to the consumer’s cruising experience. Consumers are increasingly interested in unique experiences like Surfing, Wildlife, Northern Lights, Karaoke, bungee trampoline and many more of such adventure activities.
The Centre for Disease Control and Prevention [CDC] has also declared that the Caribbean cruises are out of the pandemic phase. All the authority related handling of the Covid 19 protocols has been handed over to the cruise lines. This has made the booking and travelling easier for the passengers as the cruise lines will be taking care of the safety of their passengers by themselves.
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Besides this, the Caribbean cruises are introducing new routes for cruising which will cover several nations along its path. This will aid attracting the travelers and fulfil their desire of wanderlust.
Government initiatives and growing options in the cruising sector will boost the Caribbean Cruising Market “Says an FMI analyst.
Key Takeaways:
- Based on cruise destination, Bahamas is predicted to account for a dominant share of Travelers in the market through 2032.
- By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~70%.
- In terms of age group, demand in the senior citizens will continue gaining traction through 2032.
- Based on packages, Caribbean cruise travelers will continue to opt packaged deals over the normal travel deals.
- Caribbean region will have travelers throughout the year but cruising season will have rush in the span from December to April.
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Who is winning?
Leading players in the Cruising market are focusing on smart promotional strategies, advertisements, and new packaged deals to improve sales in the market.
- Royal Caribbean
- Princess Cruises
- MSC Cruises Company
- Silversea Cruises
- Holland America Line
- Star Clippers
- Carnival Cruises
- Celebrity Cruises
- Carnival Cruise Line
Caribbean Cruise Market by Category
By Cruise Destinations Type:
- Eastern Caribbean
- Western Caribbean
- Southern Caribbean
- Bahamas
- Others
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 56-65 Years
- 66-75 Years
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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