Cruise Market to Grow by $4.24 Billion, But Slow Down

According to new data from market research company Technavio, the cruise tourism market is expected to grow in value by USD $4.24 billion by 2026.

However, during the same period, the company says the momentum of the market is expected to slow down at a rate of 11.97 per cent, reports Breaking Travel News.

Technavio attributes the growth of the market to “strong global economic recovery” and a growing number of high net-worth individuals, but weighing against those growth factors are challenges such as growing environmental concerns.