THE cruise industry is set to generate five times less revenue this year than in 2019. According to data by Statista, the industry is anticipated to create US$6.6 billion in revenue, with confidence in cruise lines plummeting thanks to the COVID-19 pandemic. Two years ago, the cruise industry generated US$27.4...
Checking your subscription…
Subscribe to Continue
You've reached a subscriber-only article.
Subscribe free to Cruise Weekly for unlimited access to all articles, plus our regular newsletter and breaking news bulletins delivered to your inbox.
THE cruise industry is set to generate five times less revenue this year than in 2019.
According to data by Statista, the industry is anticipated to create US$6.6 billion in revenue, with confidence in cruise lines plummeting thanks to the COVID-19 pandemic.
Two years ago, the cruise industry generated US$27.4 billion in revenue, the data revealed, but after the pandemic struck, revenues plummeted by 88% in a year to US$3.3 billion last year.
The data indicates it will take until 2024 for cruise line revenues to exceed 2019 figures.
The massive drop in revenue is driven by a more than two-thirds (76%) decrease in passengers to 6.7 million, down from almost 29 million before the pandemic.
×
Subscribe for Free Access
Get full access to this article and all premium content. FREE forever.
