INDUSTRY TARGET: $11 BILLION NET INCOME

The cruise industry could be generating more than $11 billion in net income by 2027 based on total revenues in the range of $60 billion and a net income margin of 18 percent (estimated industry average for 2018), according to the Cruise Industry News 2019 Annual Report.

The $60 billion revenue estimate is based on the industry carrying approximately 40 million passengers generating a conservative average of $1,500 for each passenger in ticket and onboard spend per cruise industry-wide.