Cruise Travel Market, By Cruise Type (Ocean Cruises, and River Cruises), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

The Global Cruise Travel Market is estimated to be valued at USD 10.84 Billion in 2025 and is expected to reach USD 19.19 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2025 to 2032.

The global cruise travel market has seen significant growth over the past few decades. Rising disposable incomes and greater leisure time have encouraged people to opt for cruise vacations. Cruise liners offer exotic journeys across scenic international destinations while providing entertainment and amenities onboard. Major players have invested heavily in developing advanced cruise ships with lavish cabins and suites, fine dining restaurants, gaming areas, spas, and theatrical performances. Furthermore, cruises appeal to a wide consumer base from families to solo travelers looking for exciting and hassle-free holidays. While North America and Europe currently dominate the cruise travel industry, emerging markets such as Asia Pacific and the Middle East are display strong growth prospects. The industry is expected to prosper in the coming years led by innovations, attractive deals, and rising cruise tourism globally.

Market Dynamics:

The global cruise travel market is driven by rising living standards, increasing spending on leisure and travel, and high promotion of cruise destinations. Growing popularity of cruise vacations among millennials has also spurred industry expansion. However, overcapacity may threaten the profitability of cruise operators in the near future. Nevertheless, focus on building ultra-luxury cruise liners, energy-efficient ships, and offering unique travel experiences presents multiple opportunities. Geographic and demographical expansion into developing regions remains another key growth strategy for players. The market prospects remain largely positive with innovation and adaptation to changing consumer preferences.

Key Features of the Study:

This report provides in-depth analysis of the global cruise travel market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global cruise travel market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Carnival Corporation & plc, Royal Caribbean Group, Norwegian Cruise Line Holdings Ltd., MSC Cruises, TUI Group (TUI Cruises, Hapag-Lloyd Cruises, Marella Cruises), Genting Hong Kong (Star Cruises, Dream Cruises), Disney Cruise Line, Holland America Line, Princess Cruises, Costa Cruises, AIDA Cruises, Cunard Line, Seabourn Cruise Line, Silversea Cruises, and Viking Cruises

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global cruise travel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cruise travel market

Market Segmentation

• Cruise Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Ocean Cruises
  • River Cruises
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
• Key Players Insights
  • Carnival Corporation & plc
  • Royal Caribbean Group
  • Norwegian Cruise Line Holdings Ltd.
  • MSC Cruises
  • TUI Group (TUI Cruises, Hapag-Lloyd Cruises, Marella Cruises)
  • Genting Hong Kong (Star Cruises, Dream Cruises)
  • Disney Cruise Line
  • Holland America Line
  • Princess Cruises
  • Costa Cruises
  • AIDA Cruises
  • Cunard Line
  • Seabourn Cruise Line
  • Silversea Cruises
  • Viking Cruises