PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1260082
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1260082
Global Luxury Cruise Tourism Market Overview
According to SPER Market Research, the Global Luxury Cruise Tourism Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The luxury cruise tourism market is anticipated to grow as a result of the robust economic recovery and an increase in the number of high-net-worth individuals in both developed and emerging nations. Luxury purchasing and lifestyle are becoming more popular than leisure travel. Moreover, domestic consumption and trade are growing, and the number of women working is rising.
A long-term vacation on a cruise ship is a component of the opulent style of touring known as luxury cruising. The peak of luxury travel is a cruise. Luxury cruise packages are exceedingly expensive and are primarily intended for wealthy people and members of the elite class. Luxury cruises provide top-notch goods and services, such as customizable itineraries, a private butler, larger staterooms, and more distant ports of call. The itinerary's length could be somewhere between six and twelve months.
Impact of COVID-19 on the Global Luxury Cruise Tourism Market
In the cruise business, it was anticipated that the supply chain system would speed up as the supply of tourists or passengers would outpace the demand in the years to come. The ongoing COVID-19 pandemic outbreak has had a negative impact on the cruise industry for two main reasons: there hasn't been much media coverage, there hasn't been as much government involvement (because the government is working to emphasize the focus on safety measures for people due to the ongoing virus outbreak), and the global cruise market, which is part of the travel and tourism industry, has seen a significant decline in global sales with less supply and demand than the industry as a whole.
Scope of the Report
Report Metric Details:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Cruise Lines, By Cruising Type, By Services, By Booking Mode