The luxury cruise market is set to more than double its capacity by 2027, with a fleet of nearly 45 new ships set to join in the next decade.
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.
MSC will do so with its own small-ship brand, with 1,000-guest ships, while Royal Caribbean Cruises bought a majority stake in Silversea last summer, announcing a fleet expansion program.
Carnival Corporation has its Seabourn brand, which also announced its move into the expedition space with dedicated ships.
At Norwegian Cruise Line Holdings, Regent can claim fame with some of the top ticket pricing in the cruise industry, with a fleet of four vessels, and six by 2023.
At Windstar Cruises, capacity is coming in a hurry as the Seattle-based company is dropping $250 million to stretch its three ships, adding 100 berths each and new engines, allowing the vessels to burn less fuel while sailing faster, thus reaching more destinations.
By all accounts, more good news is expected to come from this market segment.