Luxury Cruise Industry Market Size

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Luxury Cruise Industry Market Size

The US market size of Seabourn Cruise Line is worth approximately $246.2 million with the luxury cruise brand having market share of approximately 0.54% of the global luxury cruise market.

Research methodology

While the research team was unable to obtain any publicly available data detailing the market size of Seabourn luxury cruise industry in the US, we were able to triangulate the luxury cruise market data for Seabourn Cruise Line from the global luxury cruise market size.

According to Cruise Market Watch, the global luxury cruise market size was estimated to be worth $45.6 billion in 2018 while Seabourn Cruise Line accounted for 1.2% of the global market share. Therefore, we were able to calculate the global market share of Seabourn Cruise Line to be $547.2 million.

CALCULATIONS

The global luxury cruise market size of $45.6 billion multiplied by Seabourn luxury cruise line market size of 1.2%.

$45.6 billion * 1.2%= $547.2 million

Next, we focused our attention at the US market share of luxury cruise passengers and found that it has approximately 11.9 million out of the 26.7 million of the total luxury cruise passengers worldwide. Thus, the US market share of luxury cruise passengers accounts for 45% of the global market.

CALCULATIONS
The 11.9 million US market share of luxury cruise passengers divided by the 26.7 million total luxury cruise passengers worldwide).

11.9 million/ 26.7 million *100%= approximately 45%

Using the figures of the global market share of Seabourn Cruise Line of $547.2 million and the US market share of luxury cruise passengers of 45% of the global market, we were able to determine that the US market size of Seabourn luxury cruise is approximately worth $246.2 million and has a market share of 0.54% of the total global luxury cruise market.

CALCULATIONS
The US market share of luxury cruise passengers accounts of 45% multiplied by the global Seabourn luxury cruise line is estimated at $547.2 million

45% * $547.2 million= approximately $246.24 million

The US market share of Seabourn from the total global Seabourn market

$246.2 million/ $45.6 billion *100%- approximately 0.54%

GLOBAL MARKET SHARE PER KEY PLAYERS IN THE LUXURY CRUISE MARKET:

The global luxury cruise market is estimated to be worth $45.6 billion. The global luxury cruise market is expected to grow by 139% by the year 2027 with the market share of Seabourn Cruise Line expected to account for 7.6% of the total global market during the projected period.

Carnival Corporation has the largest market share of 45% of the global luxury cruise market. Carnival Corporation is made up of various cruise brands including Seabourn Cruise Line. According to a 2018 market report by Cruise Market Watch, Seabourn Cruise Line market size accounts for 1.2% of the global luxury cruise market size. Other key players in the global luxury cruise market include Royal Caribbean with a global market share of 25%; Norwegian Cruise Line with a global market share of 9%; MSC Cruises with a global market share of 6.4%; and the remaining luxury cruise lines having a market share of 15%.

SEABOURN LUXURY CRUISE LINE:

Seabourn luxury cruise line market size accounts for 1.2% of the global luxury cruise market size that was estimated to be worth $45.6 billion in 2018. Thus, the global Seabourn luxury cruise line is estimated at $547.2 million.

The US market share of luxury cruise passengers is 11.9 million out of the 26.7 million of the total luxury cruise passengers worldwide. Thus, the US market share of luxury cruise passengers accounts for 45% of the global luxury cruise passengers. Therefore, the US market size of Seabourn luxury cruise valued at $246.24 million. The average revenue per each cruise passenger is estimated at $1,779.


Sources
Sources