Traveltek Ltd.’s Post

The Evolution of Cruising: A Market on the Rise 🚢 📈 Cruises may only make up 2% of the travel and tourism market, but they’ve seen 6% annual revenue growth over the last decade. This success comes from attracting new travelers and offering diverse experiences that the industry has worked so hard to offer. Luxury hotel brands are now also capturing the new-to-cruise segment with yacht offerings, while millennials challenge old perceptions, with 88% saying they’ll cruise again, that’s what we like to hear 👍 The industry has also optimised profitability through megaships (now 47% of the global fleet) and expanding revenue streams like excursions and onboard casinos, now contributing 30% of total revenue. At Traveltek, we are incredibly proud to support this dynamic and evolving industry. Data from McKinsey & Company #Traveltek #CruiseIndustry #TravelTrends #SustainableGrowth #LuxuryTravel #MillennialTravel #TourismInsights

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