Luxury Market Capacity Outlook for 2023

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With the news that Ritz-Carlton will build three 298-passenger cruise ships, the luxury market has a slightly different look when it comes to market shares for 2023, according to available data in the 2017-2018 Cruise Industry News Annual Report combined with projections for The Ritz-Carlton Yacht Collection.

With eight ocean-going ships, Viking Ocean Cruises will have the biggest piece of the luxury market, with an estimated 27.4 percent of capacity.

Crystal Cruises, which will have a pair of large newbuilds by 2023 in combination with expedition vessels, according to previous press statements, will have 15.8 percent of the market, followed by Regent (11.7 percent), Silversea (11.1 percent) and Seabourn (10.1 percent).

Ritz-Carlton will have 4.2 percent of luxury market capacity by 2023, according to estimates. 

Projections are based on known ship orders and historical deployment trends.

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