Carnival, Royal Caribbean, and Norwegian Cruise Line are in a fierce battle for domination in the cruise industry — here’s how they stack up (CCL, RCL, NCLH)

Princess Cruises

• Carnival Corp, Royal Caribbean Cruises, and Norwegian Cruise Line Holdings are the three dominant players in the cruise industry right now.
• Together, they accounted for nearly $6 billion in profits and over 70% of the cruise market in 2018. 
• With demand for cruises expected to grow this year, the three companies will continue to battle for new customers.
• Visit Business Insider’s homepage for more stories.

Carnival Corp, Royal Caribbean Cruises, and Norwegian Cruise Line Holdings are the three dominant players in the cruise industry. Together, they accounted for nearly $6 billion in profits and over 70% of the cruise market in 2018. 

With demand for cruises expected to grow this year, the three companies will continue to battle for new customers.

Read more: The 10 nastiest cruise ships of all time

But Carnival, Royal Caribbean, and Norwegian are not identical. Each operates at a different scale that is reflected in their financial performances and market capitalizations.

This is how the cruise industry’s three biggest companies stack up.

Profits

Lynne Sladky/Associated Press

The companies reported the following full-year profits in 2018:

1. Carnival: $3.2 billion
2. Royal Caribbean: $1.8 billion
3. Norwegian: $954.8 million

Number of passengers

Gerardo Garcia/Reuters

The companies had the following number of passengers in 2018:

1. Carnival: 12.4 million
2. Royal Caribbean: 6.1 million
3. Norwegian: 2.8 million

Market share

Royal Caribbean

The three companies were responsible for the following percentages of global cruise-industry revenue in 2018:

1. Carnival: 39.4%
2. Royal Caribbean: 20.2%
3. Norwegian: 12.6%

Source: Cruise Market Watch

See the rest of the story at Business Insider

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• Here’s how you can use your Costco membership to book a cruise
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SEE ALSO: Here’s how you can use your Costco membership to book a cruise

Source: Business Insider – mmatousek@businessinsider.com (Mark Matousek)