Cruise Industry Outlook

Cruise Industry Outlook for 2017

Cruise Lines International Association (CLIA), the world’s largest cruise industry association, have released their report for State of the Cruise Industry Outlook for 2017.

The report expects cruise travel to remain popular with an estimate of 25.3 million passengers for the year. This compares with 15.8 million passengers sailing 10 years ago.

Also in 2017 more ships will be available as cruise lines will be debuting 26 new vessels for ocean, river and other specialty journeys worth nearly $6.8 billion and a total of 97 new cruise ships with an estimated investment of $53 billion by 2026.

 The cruise industry is responding to global demand and we are highly encouraged by both the short-term and long- term outlook,” said Cindy D’Aoust, president and CEO, CLIA. “From technological advancements and deployment of new ships to new ports and destinations around the world, the industry continues to respond to desires of today’s travelers resulting in steady growth and strong economic impact around the world.

Worldwide the cruise industry generated $117 billion total output with a full-time employment of 956,597 who earned $38 billion in wages in 2015.

Cruise industry expenditures generated $117 billion in total output worldwide, supporting 956,597 full-time equivalent employees who earned $38 billion in income in 2015.

In the 2017 State of the Cruise Industry Outlook, CLIA is predicting the top trends that will influence the cruise industry the most are:

  • New Generation Takes to the Water’  Studies have found that younger passengers-Millennials and Generation X will become more interested in cruise line traveling  rather than traditional land travel with tours or camping.
  • More Private Islands on Cruise Itineraries’ as private islands have become popular travel destinations along with river cruises which offer a different type of travel experience. CLIA cruise line members currently have 184 river cruise ships operating with 13 new ships on order for 2017.

One other area of cruising gaining in popularity is Adventure’ travel or ‘Expedition Cruises’ which offer excursions to destinations such as Antartica and, not surprisingly, usually sold out.

By Kevin Murphy: