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Search Completed | Title | Cruise Industry Overview - 2014
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Cruise Industry Overview - 2014
State of the Cruise Industry
The 2013 year-end passenger forecast is that a record 21.3 million passengers cruised globally during the year, including 11.7 million North Americans. Coupled with an annual occupancy percentage that exceeded 100%, this passenger growth shows sustained consumer interest in cruising and an industry where demand continues to outstrip supply.
In 2013 alone, 13 new ships—totaling a $3.23 billion investment and 14,887 new beds—debuted globally from CLIA Member Lines, presenting new options for guest capacities ranging from 60 to 3,969 to sail the world’s waters for the first time.
In 2014, the cruise industry’s growth continues as we enter an era distinguished by an additional 15 innovative, feature-rich ships, international ports-of-call and convenient departures from proximal embarkation cities. The current cruise ship order book from 2014-2016 includes 34 new ships (22 ocean-going vessels and 12 river- boats/coastal vessels) from FCCA and/or CLIA Member Lines, with over 60,000 berths and a capital investment
value over $14 billion.
Based on known ship additions and deletions, the industry forecasts 21.7 million passengers to cruise globally in 2014, with 11.9 million sourced from North America and 9.8 comprised of international passengers. This represents an approximate 2% increase over 2013’s figures and is commensurate with the added capacity.
There has been growth in all global cruise regions, but the industry’s success is headlined by the Caribbean. It continues to rank as the dominant cruise destination, accounting for 34.4% of all global itineraries in 2013 and a projected 2014 capacity share of 37.3% due to deployments of new and exciting ships.
Note: Cruise passenger and capacity statistics as of March 2014 and include some estimates. New ship announcements, vessel retirements and quarterly passenger reporting will provide updates to these statistics that are subject to revision.
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