Cruise Ships Industry Focus

Approximately 200 cruise ship companies operate in the US with combined annual revenue of about $8 billion. The industry is segmented into deep sea cruising and inland/coastal cruising. US deep sea cruise companies include Royal Caribbean, Disney, and Regent Seven Seas; foreign cruise companies with major operations in the US include Carnival and Norwegian. Smaller coastal and inland waterway companies include American Canadian Caribbean Line, Cruise West, and Great Lakes Cruise Company. The industry is highly concentrated: the four largest deep sea cruise companies control over 90 percent of their market segment; the 20 largest coastal and inland waterway cruise companies control 75 percent of their segment.