Many of these boast a more contemporary feel to their décor and interior, moving away from the traditional looks of the past cruise ships and moving to a more fashionable boutique hotel design. There are many new cruise ships scheduled to set sail in 2022. The world’s fourth-largest cruise company has seen intermediaries such as online travel agencies (OTAs) and high street agencies lose a proportion of their market share, with customers opting to book directly with the cruise operator rather than a third party. However, cruise passenger flows increased by 95% YoY, which is a significantly higher rate of improvement.Īccording to the CEO of the Royal Caribbean Group, Richard Fain, this was not unexpected. In 2021, revenue generated for cruises from intermediaries reached $19.5bn, a 65% YoY increase from $11.8bn. Positionĭuring the pandemic, it has become clear that the latter affected cruise intermediary revenues.

Usually, the most significant impacts on a travel company's revenues, aside from passenger flows, are an economic recession, foreign exchange, or a change in booking trends. With the fluctuations of global passengers, revenues will generally follow a similar pattern unless there is a substantial shift in consumer behaviour. In 2021, only 13.9 million passengers went on a cruise, 53% lower than the pre-pandemic levels of 2019. Although a 96% YoY increase sounds positive, it is still nowhere near pre-pandemic levels. The cruise industry's recovery rate was modest in 2021. Many cruise liners have come good with orders for new cruise ships built before the pandemic, resulting in an exciting time for loyal cruise holidaymakers to try new ships, services, and onboard experiences.Ģ021 provided a tough lesson for the cruise industry, with businesses aiming to make a swifter recovery from the latest round of lockdowns. During the pandemic, the cruise industry has witnessed new innovative cruise ships and a brand-new competitor in the form of Virgin Voyages. However, more optimistic times lie ahead for the sector. Cruise ships are the most expensive assets, making this practice a necessity for many firms to stay afloat.

To reduce costs, many ships were retired between 20. Nevertheless, this was still far from pre-pandemic levels in 2019, which were approximately $29.8bn, 35% higher than 2021’s figure. Global spending across 60 major cruise markets increased by 65% YoY, resulting in total revenues of $19.4bn. These companies are the primary selling points for cruise trips and are often responsible for selling upgrades, premium drinks packages and excursions. It has been an even worse year for travel intermediaries specializing in cruise holidays. While the cruise industry has experienced a 96% Year-on-Year (YoY) increase of passengers, reaching 13.9 million, it still does not compare to the pre-pandemic levels of 2019, where there were 29.7 million passengers globally. The pandemic has proven unpredictable, with many cruise destinations going into second and third lockdowns during 2021 after a global surge in Covid-19 cases.

Newest cruise ships 2022