If everything goes according to the prediction of CLIA, the industry’s largest trade association, cruises will continue to grow. CLIA today released their outlook for 2016 and is forecasting the growth to continue and reach 24 million passengers next year.
That is one million more than 2015, and a whopping 160% growth the last 10 years. Passenger growth is largely driven by new ships entering the market. 27 newbuilds are scheduled to sail next year, with a total investment of 6.5 billion $.
The optimistic outlook is also repeated by travel agents. 8 out of 10 agencies predict to sell more cruises next year, compared to this year.
“In an effort to make cruising the best overall vacation experience available, the industry is continuing to evolve to ensure there truly is a cruise for every travel style and budget,” said Cindy D’Aoust, CLIA’s Acting CEO. “By creating unique ships, new experiences and access to destinations around the world, the evolution, appeal and value of cruise travel continues to drive the overall growth of the industry.”
Across all cruise lines, the industry is expected to generate close to $120 billion in revenues and employ 1 million full time equivalent employees.