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2018 Worldwide Cruise Line Market Share


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Interesting numbers from https://cruisemarketwatch.com/market-share/

While Royal carried fewer passengers compared to the leader Carnival, it captured much more of the total worldwide cruise net revenue in 2018.

RCI by itself captured the largest amount of net revenue of any single cruise line when uncoupled from it's parent and sibling companies and carried the second largest number of passengers.

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Details:

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Even more interesting.  What ships generate the most revenue for Royal?

https://cruisemarketwatch.com/ship-revenue/

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In numbers:

Harmony $485,570,000 - 295,000 passengers

Ovation $443,940,000 - 293,000 passengers

Allure $422,500,000 - 313,000 passengers

Oasis $403,340,000 - 307,000 passengers

Symphony $396,500,000 - 171,000 passengers

Anthem $371,150,000 - 232,000 passengers

Quantum $366,160,000 -  442,000 passengers

Explorer $318,350,000 - 122,000 passengers

Freedom $283,200,000 - 198,000 passengers

Radiance $256,910,000 - 72,000 passengers

Independence $ 256,190,000 - 210,000 passengers

Liberty $245,160,000 - 210,000 passengers

Voyager $234,480,000 - 168,000 passengers

Mariner $224,230,000 - 295,000 passengers

Adventure $219,370,000 - 175,000 passengers

Navigator $212,870,000 - 146,000 passengers

Serenade $174,410,000 - 90,000 passengers

Jewel $168,660,000 - 112,000 passengers

Brilliance $152,600,000 - 113,000 passengers

Enchantment $151,980,000 - 257,000 passengers

Rhapsody $139,520,000 - 117,000 passengers

Majesty $137,110,000 - 269,000 passengers

Vision $ 133,020,000 - 95,000 passengers

Grandeur $ 128,570,000 - 89,000 passengers

Empress $ 113,720,000 - 139,000 passengers

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Interesting that Agents’ commissions expenses are higher than fuel expenses.  Hard to believe.

Also, lumping casino together with bar revenues seems odd... one would think that they would want to track bar revenues very closely given the need to determine whether drink package prices were profitable or not. I have no doubt that drink packages ARE profitable.

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Indeed.  The numbers represent the industry with some cruise lines being TA friendly and some lines not as much.   Carnival (standalone, not parent company) does more direct business, they aren't always as TA friendly as RCI is. Yet the numbers have all that blurred together across all lines.

Regardless, you can see why there are so many mass internet cruise agencies.

Lumping bar with casino may be an industry way to obscure both somewhat.  

There is also a lot of ambiguity with multiple "other" categories.

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12 minutes ago, Oliver said:

Anybody know why Silversea is not under the Royal umbrella? Didn’t Royal buy them? Or do they only own a portion? Or perhaps it will be included in the next fiscal year? 

I can only speculate.  The acquisition completed July 31, 2018.  I guess they figured it made more sense to leave them on their own in these 2018 numbers.

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@twangster  I'm curious where you got the passenger numbers.  I couldn't find them on the site.  I find the outliers very interesting, where the number of passengers doesn't always create the most revenue.  Take a look at Radiance where the number of passengers is extremely low yet revenue is very high.  Wondering which itinerary (Alaska or S. Pacific) drives the higher revenue compared to her sister ships.

On 3/23/2019 at 10:41 AM, twangster said:

Radiance $256,910,000 - 72,000 passengers

Serenade $174,410,000 - 90,000 passengers

Jewel $168,660,000 - 112,000 passengers

Brilliance $152,600,000 - 113,000 passengers

Enchantment $151,980,000 - 257,000 passengers

Rhapsody $139,520,000 - 117,000 passengers

Majesty $137,110,000 - 269,000 passengers

Vision $ 133,020,000 - 95,000 passengers

Grandeur $ 128,570,000 - 89,000 passengers

Empress $ 113,720,000 - 139,000 passengers

 

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4 hours ago, melski94 said:

@twangster  I'm curious where you got the passenger numbers.  I couldn't find them on the site.  I find the outliers very interesting, where the number of passengers doesn't always create the most revenue.  Take a look at Radiance where the number of passengers is extremely low yet revenue is very high.  Wondering which itinerary (Alaska or S. Pacific) drives the higher revenue compared to her sister ships.

 

If you hover over each ship in their chart on their website it displays passenger counts. 

I think Radiance benefits from its itineraries. 

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On 3/23/2019 at 11:16 AM, twangster said:

While Royal carried fewer passengers compared to the leader Carnival, it captured much more of the total worldwide cruise net revenue in 2018.

So... Carnival is Samsung (highest market share, second-best profits) and Royal is Apple (takes the lion’s share of the profits with significantly smaller customer base)?

I knew there’s a reason I liked Royal better! ?

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On 3/27/2019 at 12:06 PM, Matt said:

Fantastic info, thanks for sharing.

This is why RC will not build Radiance or Voyager class ships. You can clearly see economy of scale here (and new ships do command a premium price, but it goes hand in hand).

At what point do they stop sailing Alaska then?

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4 minutes ago, mworkman said:

At what point do they stop sailing Alaska then?

Never?

They are investing several hundred million into Voyager class right now.  They'll be around a while.  Quantum class is doing Alaska this year.  Perhaps Icon class in the future?

At the same time, Alaskan ports will evolve over the next 20 years.  Royal isn't the only line putting larger ships there.  

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5 minutes ago, mworkman said:

@twangster True, but how many big ships can travel up and down the inside passage at the same time? Is there enough room between them?  Out of curiosity, what would the minimum safe distance between the two be. I'm not expecting you to give the answer..just food for thought.

Probably six wide except for a 1/2 mile where it's narrow.  How many ships can use the Port of Miami with it's narrow channel?

Royal has a company policy of 1 nm separation in the open ocean at cruise speed.  Several ships can follow each other spaced 1 nm apart.  For years Radiance and Explorer followed each other from Juneau to Skagway in a narrow channel and back down the channel the next day.  Ships rarely sail side by side. 

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18 minutes ago, twangster said:

Probably six wide except for a 1/2 mile where it's narrow.  How many ships can use the Port of Miami with it's narrow channel?

Royal has a company policy of 1 nm separation in the open ocean at cruise speed.  Several ships can follow each other spaced 1 nm apart.  For years Radiance and Explorer followed each other from Juneau to Skagway in a narrow channel and back down the channel the next day.  Ships rarely sail side by side. 

Thats great but Royal won't be the only cruise line is my point.  I would be more concerned with the other cruise lines, the ones that have a history of bumping into other things. ? With the Glacier bay contract...this might be the key to changing the itinerary up a bit for larger ships.

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