Cruise Tourism Market to Reverse its Pandemic-Period Slump and Surge at a Fascinating CAGR of 10.4% in the 2022-2031 Timeframe [270-Pages] | Disclosed by Research Dive

As per the report published by Research Dive, the global cruise tourism market is expected to register a revenue of $13,641.4 million by 2031 at a CAGR of 10.4% during the forecast period 2022-2031.

Segments of the Cruise Tourism Market

The report has divided the cruise tourism market into the following segments:

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Dynamics of the Global Cruise Tourism Market

The growing demand for luxury experiences of cruise tourism is expected to make the cruise tourism market a highly profitable one in the forecast period. Additionally, growing disposable incomes of global populations is predicted to propel the market forward. However, according to market analysts, safety and security concerns over cruise tourism might become a restraint in the growth of the market.

Growing tendency of travellers for seeking unique and memorable experiences is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, rising consumer demand for cruise tourism is expected to propel the cruise tourism market forward in the coming period.

COVID-19 Impact on the Global Cruise Tourism Market

The Covid-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The cruise tourism market, too, faced a similar fate. The travel restrictions put in place by several countries drastically reduced the demand for cruise tourism which affected the growth rate of the market significantly.

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Key Players of the Global Cruise Tourism Market

The major players of the market include

These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain market growth.

For instance, in March 2023, the Saudi Arabian government, announced that had signed an acquisition agreement to acquire Genting Hong Kong's World Dream cruise ship. The Saudi Arabian government stated this acquisition as a part of its plans to expand the tourism industry of the country and diversify the tourism options available in the country.

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What the Report Covers

Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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