NEWARK, DE / ACCESSWIRE / November 8, 2022 / As per a recent market analysis by Future Market Insights (FMI), the Glacier Cruises Market is estimated to reach US$1.45 bn in 2022. As per the report, sales are forecast to increase at a robust 3% CAGRwith the market valuation reaching US$1.95 bn by 2032.
For those interested in glacier cruises, the most popular travel locations are Alaska, Canada, Norway, Sweden, Finland, and Iceland. Glacier cruises have developed into activities for people of all ages. The original target audience for these tours was senior citizens from western countries with extra time and money. Today, even families and children are selecting these non-conventional alternatives due to the spectacular beauty.
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The millennial generation strongly favors traveling to uncommon and exciting locations. Cruises to glaciers frequently stop in remote, untouched locations. They give their customers exceptional experiences like witnessing sub-arctic species, flying in private planes to observe entire glacier ranges and river basins, and taking part in a range of sports like rafting, ATV excursions, and hiking.
Top companies in the cruising sector are offering package solutions that include charter flights over stunning glaciers to reach the core regions that are challenging to cruise. This makes it possible for visitors to fully enjoy their glacier excursion. Expeditions to the glaciers are significantly hampered by the short season and uncertainty of the weather.
Global warming is one of the major restraints in the glacier cruises market. As the glaciers have started to melt at a much higher rate than the past years. This has caused a sense of panic amongst the tour providers and the local citizens as cruise tourism is one of the integral part of economy for a fair share of population. However the cruise companies are coming up with new technologies to improve the cruising and find more sustainable ways which causes minimum impact on the environment and the natural habitat in the region.
“Along with seniors, Millennials showing interest in glacier cruises and cruise companies taking efforts to deliver the best experience to the travelers will positively impact the Glacier Cruises Market” Says an FMI analyst.
Key Takeaways:
- By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~80%.
- In terms of age group, demand in the age group from 46-55 years and 56-65 years will continue gaining traction through 2032.
- Based on packages, Glacier cruise travelers will continue to opt for packaged deals over the normal travel deals.
- Glaciers will have rush in the span from spring to autumn ie May to September.
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Impact of COVID-19
The COVID-19 epidemic had a significant impact on the tourism industry and consequently the cruise market because of tight restrictions that were put in place to treat the virus. Visits from foreign tourists decreased drastically from the same time last year.
The significant negative consequences of COVID-19 on people’s financial situations clearly had an effect on their purchasing power and spending habits when looking at the effects from the perspective of the passenger. Because the ships were carrying fewer people than normal, they had to be anchored in the ports.
They were the ones who were most severely affected by the epidemic since the economies of those living in port communities are mostly dependent on cruise trips. Currently the cruising sector is getting back to normal and with the implementation of novel strategies, it is set achieve new heights.
Who’s winning?
Major players present in the Glacier Cruise Market are Princess Cruises, MSC Cruises Company, Silversea Cruises, Holland America Line, Star Clippers, Carnival Cruises, Celebrity Cruises, Carnival Cruise Line, G Expedition, Discerning traveller, Trafalgar, Quark Expedition, Aurora Expedition, and Cruiser Adio among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Glacier Cruise market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Glacier Cruises by Cruise Destinations (Alaska, Canada, Antarctica, Greenland, Others) Booking Channel (Phone Booking, Online Booking & In Person Booking) Tourist Type (Domestic & International) Tour Type (Independent Traveller, Package Traveler and Tour Group) Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 56-65 Years, 66-75 Years) & Region – Forecast to 2017 – 2032
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Table of Content
1. Executive summary
1.1. Glacier Cruising Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1.1. Total Spending (US$ Bn) and Forecast (2022-2032)
2.1.2. Number of Cruising Tourists and Forecast (2022-2032)
2.1.3. Total Spending YoY Growth Projections (2022-2032)
3. Glacier Cruise Tourism Market Overview
3.1. Popular activities on cruises
3.1.1.1. Land Based Activities
3.1.1.2. Catamaran Cruises
3.1.1.3. Coffee Cruises
3.1.1.4. day cruises
3.1.1.5. dinner cruises
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