Press release
Impact of COVID-19 on Global Cruise Industry Size, Share, Trends, Analysis and Forecast 2019-2025
Cruise ships are the large luxury passenger ship used mostly for vacationing. As per Cruise Lines International Association (CLIA), around 30 million people cruised globally in 2019 and the expected number for 2020 was around 32 million. It is the fastest-growing segment in the leisure travel market with capacity utilization over 100%. The cruise industry was around $126 billion in 2016 which reached around $150 billion in 2019. Some of the major factors for the growth of the global cruise industry include increasing attraction of generation 'Z' and millennial toward the cruise industry which comprises the largest population bases in the US. Moreover, the increasing popularity of Cruise in the emerging economies such as China, and India, increasing global disposable income and the introduction of two and three-day micro cruises are also augmenting the industry.A full report of Impact of COVID-19 on Global Cruise Industry is available at: https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-cruise-industry
In January 2020, there were around 280 cruise lines ships operated by 55 cruise companies and 19 cruises were scheduled to be launched in 2020. The cruise companies are moving toward more sustainable operations by reducing carbon footprints in the sea. For instance, due to increasing pollution from ships in the sea, in April 2018 the International Maritime Organization adopted the strategy to reduce the carbon footprint from ships by 50% by 2050 as compared to 2008. As per new emission standards, sulfur in the fuel is limited to 0.5% from January 2020.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-global-cruise-industry
However, the cruise industry experienced a major set-back due to the COVID-19 pandemic. The first major coronavirus spread on a cruise ship was witnessed on the Diamond Princess Cruise ship of Princess Cruise Lines, Ltd., in Yokohama, Japan in the first week of February 2020. Under a month, 712 confirmed cases and 12 fatalities were reported due to COVID-19 on that cruise. After this, causes related to COVID-19 were also witnessed in the World Dream cruise of Genting Hong Kong, and Westerdam, Ruby Princess, & Grand Princess Cruise of Carnival Corp. Due to this, nations started to restrict the entry of cruise or quarantine them as per protocols.
The global cruise industry report is segmented into cruise line and cruse manufacturer. Cruise line segment is the most affected segment due to the pandemic as most of the cruise line has stopped their operations as governments are advising to their citizen to not travel on a cruise till the pandemic ends. The effect of COVID-19 on the cruise industry can be observed in all the regions including North America, Europe, Asia-Pacific, and Rest of the World. The US is the largest source of passengers for the cruise industry all across the globe.
Key companies of the Cruise industry affected due to COVID-19 pandemic include Carnival Corp. & PLC, Norwegian Cruise Line Holdings Ltd., Royal Caribbean Cruises Ltd., Fincantieri S.p.A., Genting Hong Kong Ltd., STX Offshore & Shipbuilding Co., Ltd., the Meyer Werft GmbH & Co. KG, TUI Cruises GmbH and others.
Impact of COVID-19 on Global Cruise Industry - Segmentation
Cruise Lines
Cruise Manufacturer
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-global-cruise-industry
Impact of COVID-19 on Global Cruise Industry- Segment by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Carnival Corp. & PLC
Disney Cruise Line Inc.
Fincantieri S.p.A.
Genting Hong Kong Ltd.
Hapag-Lloyd AG
Hurtigruten Ltd.
Mediterranean Shipping Company S.A
Mitsubishi Shipbuilding Co., Ltd.
Norwegian Cruise Line Holdings Ltd.
Royal Caribbean Cruises Ltd.
STX Offshore & Shipbuilding Co., Ltd.
The Meyer Werft GmbH & Co. KG
TUI Cruises GmbH
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Impact of COVID-19 on Global Cruise Industry Size, Share, Trends, Analysis and Forecast 2019-2025 here
News-ID: 2013494 • Views: …
More Releases from Orion Market Research
Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, …
Infrastructure as Code (IaC) Service Market was valued at approximately USD 0.932 billion, and it's projected to expand to around USD 7.509 billion by 2033, achieving a robust CAGR of 23.2% from 2024 to 2033.
Infrastructure as Code (IaC) Service Market Overview
The Infrastructure as Code (IaC) Service Market is experiencing remarkable expansion, fueled by the escalating need for scalable, automated infrastructure deployment across cloud and enterprise environments. In 2023, the market…
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to …
Ultra High‐Performance Liquid Chromatography (UHPLC) Columns Market is estimated to be valued at USD 2.5 billion, and is projected to grow to approximately USD 4.8 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.8% from 2024 to 2033.
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market Overview
The UHPLC columns market is on a strong growth trajectory, fueled by increasing demand for rapid, high-resolution analytical techniques across pharmaceuticals, biotechnology,…
Property Management Service Market Rising Demand and Growth Forecast Through 203 …
Property Management Service Market was valued at approximately USD 17.3 billion. It is anticipated to reach around USD 32.0 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2033.
Property Management Service Market Overview
The Property Management Service Market is witnessing steady growth due to increasing urbanization, rising investments in real estate, and a growing demand for outsourced property management solutions. Property owners are increasingly…
5G Chipset Market Set to Witness Significant Growth by 2033 | Apple Inc., HiSili …
The global 5G chipset market was valued at USD 33.75 billion in 2024 and is projected to reach USD 502.66 billion by 2033, growing at a compound annual growth rate (CAGR) of 35% from 2025 to 2033.
5G Chipset Market Overview
The 5G chipset market is experiencing rapid growth, driven by the global rollout of 5G networks and the increasing demand for high-speed, low-latency connectivity across various applications, including smartphones, IoT…
More Releases for Cruise
Cruise Ship Market : Ocean Cruise Ships, Luxury Cruise Ships, Mainstream Cruise …
The cruise ship market was valued at $8 billion in 2021, and is estimated to reach $16.7 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.
The concept of the cruise ship is typically attributed to the passenger ship where the trip and ship amenities itself are a part of a luxurious experience. Generally, the length of the cruise ship is 1,187 feet, the tonnage for a…
Cruise Ship Market : Mainstream Cruise Ships, Ocean Cruise Ships Industry Foreca …
According to a new report published by Allied Market Research, titled, "Cruise Ship Market," The cruise ship market was valued at $8 billion in 2021, and is estimated to reach $16.7 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031. Cruise Ship Market by Type (Mainstream Cruise Ships, Ocean Cruise Ships, Luxury Cruise Ships, Others), by Application (Transportation, Leisure, Others), by Size (Small, Mid, Large): Global…
Luxury Cruise Tourism Market is Going To Boom | Carnival Cruise Line, America …
The Latest research study released by HTF MI “Global Luxury Cruise Tourism Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this…
Luxury Cruise Tours Market SWOT Analysis by Key Players: Cruise Critic, Carnival …
A study published on Global Luxury Cruise Tours Market, includes exploratory survey, qualitative commentary on changing market dynamics with market sizing and estimates for 18+ Global Countries, business segments and applications. The identification of hot and emerging players is completed by profiling 50+ Industry players; some of the profiled players are MSC Cruises, Royal Caribbean, Viking Cruises, The Anschutz Corporation, Cruise Critic, Carnival Cruise Line, Norwegian Cruise Line, Princess Cruises,…
Luxury Cruise Tourism Market Is Gaining Momentum with Key Players Carnival Cruis …
The Global Luxury Cruise Tourism Market to witnessed good recovery in growth post first half of 2020 and is projected coverup market sizing during the forecast period (2021-2026). The assessment provides a 360° view and insights - outlining the key outcomes of the Luxury Cruise Tourism market, current scenario analysis that highlights slowdown aims to provide unique strategies and solutions following and benchmarking key players strategies. In addition, the study…
What's driving the Cruise Ships Market growth? Key Players are: Cruise Critic, C …
A new business intelligence report released by Up Market Research on “Global Cruise Ships Market”. Report provides a comprehensive market analysis with future prospects to 2025. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Get Exclusive Free Sample Copy Of This Report @
https://www.upmarketresearch.com/home/requested_sample/125962
The report highly exhibit on current market analysis scenario, upcoming as well as…
