Cruise lines are seeing high occupancy rates and longer booking curves for 2024. The world’s largest cruise lines, including Royal Caribbean, MSC, Carnival and Norwegian Cruise Line, are entering 2024 with the high levels of occupancy.
- Royal Caribbean International, Celebrity Cruises, MSC Cruises, and Norwegian Cruise Line are bolstering their presence in China, the Far East, and Southeast Asia.
- The cruise industry will launch 10 large vessels in 2024 and 14 smaller vessels, with cruise lines such as Royal Caribbean Group, Viking, Princess Cruises, and Cunard all expecting new ships.
- 2024 is set to be a significant year for new brands and start-ups, with cruise lines like Aroya Cruises, Mitsui Ocean Cruises, and Villa Vie Residences planning to kickstart their operations.
- Ships such as Mykonos Magic, Queen of the Oceans, Aegean Majesty, and Majesty of the Oceans offer opportunities for new operators in the warmed secondhand market.
- The luxury and premium market is expected to grow, with eight out of the new ships being introduced by premium and luxury brands, including Viking, Explora Journeys, Ritz-Carlton Yacht Collection, and Silversea.
- More ships are scheduled to arrive in Asia as the Chinese market reopens for international brands.
