Luxury cruise market capacity set to double

The luxury cruise market is set to more than its capacity between 2019 and 2027, with a fleet of more than 40 new ships set to join it in the next decade, according to the 2019 Luxury Market Report by Cruise Industry News. Existing players, new market entrants, ship stretches and big cruise operators getting in on the luxury market, all point to a strong demand environment. Since February 2018 the luxury market has seen the ordering of 18 new vessels for introduction through 2027, and major moves by MSC Cruises and Royal Caribbean Cruises to enter the space.