The global cruise business is on course to grow at least 20 percent between 2026 and 2036, with big new ships driving growth to an estimated 50 million guests, according to the 2026 Cruise Industry News Annual Report.

That is compared to just over 23 million guests 10 years ago, and an estimated 39 million this year.

The bulk of the growth is coming from the industry’s major players that have numerous new big ships on order, including Carnival Cruise Line, Royal Caribbean International, MSC Cruise, Norwegian Cruise Line and Disney Cruise Line.

Together these five brands have a combined 34 ships on order amounting to just over 150,000 new berths.

The most growth is coming from MSC, with 10 newbuilds set to debut. The new ships from the industry’s fastest-growing will include more World-class vessels built in France, and entirely new class of vessel set to be constructed in Germany at Meyer Werft.

Norwegian Cruise Line is close behind with eight ships on order, adding more than 36,000 berths through 2037 as the brand continues to scale its large-ship fleet at Fincantieri in Italy.

Royal Caribbean International has six newbuilds scheduled, building on the success of its Icon-class platform with additional vessels from both Meyer Turku in Finland and Chantiers de l’Atlantique in France.

Carnival Cruise Line has five ships on order totaling nearly 30,000 berths, with new tonnage coming from both Meyer Werft and Fincantieri.

Disney Cruise Line, meanwhile, is accelerating its own expansion with five ships set to debut through 2031, more than doubling its current fleet size and extending its reach into new global markets.

The combined orderbook across all cruise lines stands at 78 ocean ships valued at approximately $80 billion, reflecting the industry’s confidence in sustained long-term demand.