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Is the cruise industry growing. In Asia the cruise industry is experiencing double-digit growth. Over the past decade cruise industry revenue grew to. Since 1980 the industry has experienced an average annual passenger growth rate of approximately 7 per annum.

The cruise industry is the fastest-growing category in the leisure travel market. From a capacity standpoint utilization is consistently over 100. With occupancy rates consistently exceeding 100 you read that right100 the cruise industry is the fastest-growing category in the leisure travel market.

The cruise industry is always growing but there are those cruise lines that are growing a lot faster than others which are really helping grow the industry. In 2019 the global cruise industry welcomed nearly 30 million passengers creating jobs for 18 million people around the world and contributing over 154 billion to the global economy. The cruise industry is one of those industries that have grown far and wide over the years.

The global cruise industry is highly resilient. In the past five years the demand has increased by 205 percent. Download Reports from 10000 trusted sources with ReportLinker.

More significantly cruise industry revenues have. As of January 2004 there were 339 active oceangoing cruise ships. Demand for cruising increased 62 between 2005 and 2015.

Cruise Industry Overview. It achieved a 75 compounded growth rate over the past ten years outpacing the general travel trades 38 over the same period. The cruise ship industry is the fastest growing segment in the travel industry and since 1980 the average annual growth rate of cruise passengers worldwide averages 80.