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Cruise ship sales have been falling since 2012, according to new data from data provider Cruisesprings, which analyzed cruise data from cruise companies and other companies to find out where the market is headed.
According to Cruisesgrabs, there were only 883 ships in the world at the end of June 2017, down from a peak of 8,879 ships in June 2017.
But the drop in demand has slowed, according the data, which comes as the number of ships being built and operated has grown steadily.
Cruisesports, which collects cruise data and analyzes data from the cruise industry, estimates the total cruise market grew by 3.4% between 2017 and 2019.
Cruisports data showed the total fleet of cruise ships rose by 6.2% between 2016 and 2019, according an analysis of the data from CruiseStats.
Cruisecounts, which compiles data from both cruise companies, estimates that the market grew 7.2%.
The data shows the decline in demand is slowing.
CruiseShipData, a cruise-industry data provider, found that the average price for a single-day cruise from a cruise ship to a destination dropped to $2,100 in 2019 from $3,600 in 2020.
CruiseStats, a data firm, said the average cruise price fell to $1,700 from $2 to $3.
That was the lowest price drop recorded for any cruise company since data started being collected in 2006.
CruiseShipData says that in 2020, the average number of people onboard each cruise ship was 1.2 people, down 2.2 from the previous year.
In 2019, the number was 1,664, down 3.8% from the year before.
The number of passengers was up by 5.2%, up from the prior year.
Cruisksprings data shows that in 2019, total cruise passengers grew by 0.8%, compared to the year prior.
CruiseshipData also showed that average price on the entire cruise ship market fell by 7.5% in 2019 compared to 2018.
The report says that for every one person who bought a cruise in 2020 and left in 2019 there was a 6.6% drop in the number who bought one in 2019.
According to Cruisksport data, the drop is likely due to the fact that cruise-company executives are not going to buy many ships at the same time.
“They’re trying to find ways to make up for the lack of orders,” said Kevin Kelly, who heads the Cruisesport data team at Cruiseshops.
“You have more inventory than you used to.”
The market for luxury cruise ships is growing.
In the last three years, cruise sales grew by more than 8% and cruise lines have added hundreds of thousands of employees to their fleet.
And for now, the market looks set to keep growing as more and more luxury cruises are added to cruise lines’ fleets.
A group of cruise lines, including Carnival Corp., will hold their first-ever conference in Miami next month, bringing together cruise lines from around the world to share insights into the future of cruise tourism.
Carnival plans to introduce a luxury cruise line in 2021, a spokeswoman told The New York Times in February.