Golden Princess in Australia (Photo: Clyde Dickens)

Thirty-eight million passengers is the global capacity target for 2027 based on existing newbuild orders and known ship deployments and withdrawals, according to the 2017-2018 Cruise Industry News Annual Repor

This year’s fleet of 365 ocean going ships, which can carry an estimated 25.2 million passengers, will have grown to 434 ships, able to carry 38.1 million passengers on a double occupancy basis.

The average annual growth rate will be approximately 5 percent from year to year; the biggest year on a global scale will be 2020 with 2.1 million more passengers or a 7.5 percent capacity increase over 2019.

About the Annual Report:

The Cruise Industry News Annual Report is the only book of its kind, presenting the worldwide cruise industry through 2027 in 400 pages.

The report covers everything from new ships on order to supply-and-demand scenarios from 1987 through 2027+. Plus there is a future outlook, complete growth projections for each cruise line, regional market reports, and detailed ship deployment by region and market, covering all the cruise lines.