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Category Cruise News

Rising Cruise Ship Market: Key Trends and Opportunities 2021-2031

The cruise ship market, growing at a CAGR of 7.9%, is projected to rise from $8 billion in 2021 to $16.7 billion by 2031. North America currently leads, but Asia-Pacific is expected to dominate soon, driven by lower labor costs and rising disposable income. Innovations, strategic partnerships, and COVID-19 recovery efforts are fueling this growth.

Carnival Corporation’s Strategic Growth with Excel-Class Ship Expansion

Carnival Corporation has finalized an agreement with Meyer Werft for a fifth Excel-class cruise ship to be delivered in 2028, marking the 11th Excel-class ship across its brands. The new LNG-powered vessel will hold over 6,400 guests. The company plans to add 1-2 ships yearly starting in 2027.

Historic SS United States May Become World’s Largest Artificial Reef off Florida Coast

The SS United States ocean liner may soon be moved from Philadelphia to Florida to become the world’s largest artificial reef. Okaloosa County has struck a deal but must act swiftly due to a legal ruling. Officials will discuss funding next week, and the reef is expected to boost the local economy significantly.