Wells Fargo Bullish on Cruise Industry Recovery Amid Post-Pandemic Growth
The global cruise industry, valued at $7.67 billion in 2022, is projected to reach $18.3 billion by 2030, growing at an 11.5% CAGR. Wells Fargo highlights improving returns on invested capital and an expanding total addressable market as key drivers.
First-time travelers account for 58% of cruise passengers, with repeat voyages expected to fuel long-term demand. Analysts cite the sector's relative value versus land-based vacations and multi-destination itineraries as competitive advantages.