THE global cruise industry is on track for a steady recovery, with worldwide revenue projected to reach $44.39 billion in 2025, according to Statista's latest data.
The revenue is expected to grow at a compound annual growth rate (CAGR) of 4.77 percent from 2025 to 2029, positioning the market to reach $53.49 billion by 2029. Online sales are anticipated to account for 24 percent of total revenue during this period, reflecting the sector's increasing shift toward digital platforms.
MV Westerdam of Holland America and MV Norwegian Jewel of Norwegian Cruise Line dock simultaneously at Pier 15 Manila South Harbor. PHOTO from the Philippine Ports Authority