Private islands and market expansion: The evolution of the cruise industry
The cruise industry has rebounded from the pandemic, with passenger volumes and revenues now exceeding pre-pandemic levels. As consumer interest in cruise travel reaches new heights, major players are innovating by expanding short-duration cruises and developing private destinations. Ben Chaiken, Senior Analyst, US Consumer – Gaming, Lodging & Leisure, explores how the industry has a potential for transformation, unlocking new markets and reshaping the business.