According to a recent report by Allied Market Research, the global cruise ship market is projected to experience significant growth, reaching $16.7 billion by 2031, up from $8 billion in 2021.
This growth is largely attributed to the increasing demand for luxury travel, improved amenities, and technological advancements within the cruise industry.
The market is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2031, a trend that is set to have a lasting impact on both the tourism industry and global travelers.
Full story Cruise Ship Market Expected to Reach $16.7 Billion by 2031: Rising Demand for Luxury Travel and Technological Advancements
Source: Latecruisenews.com