According to a new report, published by KBV research, The Global Cruise Market size is expected to reach $19.7 billion by 2031, rising at a market growth of 11.1% CAGR during the forecast period.
The cruise market offers passengers a unique and immersive travel experience, combining the excitement of exploration with the comfort and convenience of a floating resort. With its diverse offerings, innovative features, and global appeal, the cruise market continues to be a popular choice for vacationers seeking unforgettable travel adventures. It encompasses many offerings, from short weekend getaways to extended voyages spanning multiple weeks or months.
The River Cruises segment is experiencing a CAGR of 12.3% during (2024 - 2031). River cruises offer a unique and enriching travel experience, allowing passengers to leisurely explore scenic waterways, historic cities, and cultural treasures. With their focus on intimacy, cultural immersion, and personalized service, river cruises have carved out a niche within the cruise market and continue to attract travelers seeking unforgettable journeys along the world's most beautiful rivers.
Full Report: https://www.kbvresearch.com/cruise-market/
The North America region dominated the Global Cruise Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8.4 billion by 2031. The Europe region is anticipating a CAGR of 10.8% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 12% during (2024 - 2031).
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