Cruise Ships Industry
Insights from D&B Hoovers

Industry Analysis

Description

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).

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 services are incorporated into ticket prices. Other revenue sources include casino gaming, retail shops, and premium services such as luxury spa treatments.

Geographic Segmentation

See where the Cruise Ships industry is concentrated geographically and research companies by financials and key corporate data.
Top Cruise Ships Companies:
5595.0M | United States
2237.454464M | Republic Of Korea
2030.00923M | Australia
1560.921M | Hong Kong
1521.727892M | United States
1279.908M | United States
1279.908M | United States
641.88M | India
641.820649M | Australia
641.820649M | Australia
641.820649M | Australia
581.882266M | Norway
557.246592M | Republic Of Korea
441.217013M | Japan
423.106451M | Australia
423.106451M | Australia
423.106451M | Australia
423.106451M | Australia
421.973064M | Finland
397.63752M | Norway
370.785189M | Norway
322.698369M | Canada
317.400439M | Norway
298.185376M | Norway
297.90648M | Norway

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