The biggest capacity jump comes next year with a 14.8% rise, a new report forecasts.
Cruise capacity in Europe is on course to rise by 70% over the next ten years, from around 7.4 million passengers today to 12.5 million, according to the 2018-19 Cruise Industry News Annual Report.
European capacity has grown from 4.6 million to 7.4 million during the decade until 2018, and from 1.6 million to 4.6 million between 1998 and 2008, so going forward the growth rate has to accelerate, the independently researched report claims.
The biggest capacity jump comes in 2019 with a 14.8% rise from 2018, followed by a 10.7% increase in 2020, 7.2% in 2021, 5.8% in 2022 and 7.3% in 2023, before slowing to a more moderate growth rate from 2024 onwards.
Brands in Europe
Carnival Corporation’s four European brands represent nearly 40% of the total passenger capacity in Europe, the report says, but MSC Cruises is the single largest brand, with a market share of nearly 27% – which is set to rise to more than 35% by 2027.
The 400-page 2018-19 Cruise Industry News Annual Report – the only book of its kind that presents the global cruise industry over the coming decade – bases its projections on new ship orders and known deployment and changes.
The report covers new ships on order, supply-and-demand scenarios from 1987 until 2027 and beyond, growth projections for each cruise line, regional market reports and ship deployment by region and market.