Cruise Ships Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 1/30/2017
SIC Codes: 4481, 4489
NAICS Codes: 483112, 483114, 483212
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Cruise Ships Industry Profile

Companies in this industry operate deep sea cruise ships and inland/coastal cruise ships. Major companies in the deep sea cruise segment, which accounts for about 95% of industry revenue, include Carnival, Disney, Norwegian Cruise Line, and Royal Caribbean Cruises (all headquartered in the US); major operators based outside of the US include Genting Hong Kong and TUI (Germany).

Top deep sea cruise destinations include the Caribbean, the Mediterranean, Hawaii, Alaska, and Canada. The Caribbean is the most popular, representing about a third of all deep sea cruises, according to the Cruise Lines International Association. About 60% of the world's cruise passengers are from North America.

The US cruise ship industry includes about 400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $17 billion.

COMPETITIVE LANDSCAPE

Demand for cruises is driven by consumer disposable income and vacation preferences. Small operators have the competitive advantage of lower labor and equipment costs and more personalized service; large operators benefit from stronger bargaining power in vendor contracting, the ability to spread costs over a larger number of passengers, and greater financial resources for marketing, expansion, and investment. The US deep sea cruise segment is highly concentrated: the four largest companies generate more than 90% of segment revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Passenger ticket sales account for the majority of industry revenue. Many cruise lines offer all-inclusive packages in which the costs of food, beverages, and standard ...

 
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