China Cruise Tourism market will reach 4106 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/26

First, for industry structure analysis, the Cruise Industry is concentrate. Carnival Corporation, Royal Caribbean and Genting Hong Kong about 88% of the revenue market. Regionally (Departure Ports), East China is the biggest sales area of Cruise, also the leader in the whole China Cruise.

Second, The China Marine Tourism market is valued at 2884 million USD in 2018 and is expected to reach 4106 million USD by the end of 2025, growing at a CAGR (Compounded Annual Growth Rate) of 5.18% between 2018 and 2025.

Third, Cruise prices can change at a moment’s notice. The price of cruise is different by the destination, cruise length, date and other factors.

Fourth, for forecast, the North America and Europe Cruise revenue would keep increasing with annual growth rate with 3~6%. The growth rate of Asia is about 13%-23%. We tend to believe that this industry still has a bright future, considering the current demand of Cruise. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.

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