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The cruise sector will be the fastest-growing area of the travel industry over the next five years and it represents a major opportunity for agents, delegates were told at Abta’s Travel Regulations conference.
Tom Anstey | Planet Attractions | 28 Nov 2024
The cruise sector will be the fastest-growing area of the travel industry over the next five years and it represents a major opportunity for agents, delegates were told at Abta’s Travel Regulations conference.
Alexander Göransson, senior consultant at Euromonitor International, predicted that the pace of sales growth for cruise between 2024 and 2029 would outstrip air travel, package holidays, leisure accommodation, experiences and attractions, and car rental.
Projecting growth of 7% for the cruise sector, he described the area as an “emerging market”.
“The fastest-growing holiday element is going to be cruises,” he said, adding: “Cruise companies are now trying to appeal to a much younger demographic.”
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