Knowledge Papers Released
Exploring the potential for growing the Cruise Tourism sector amongst IORA member countries
The report highlights that cruise tourism is a rapidly growing segment within the travel and hospitality industry, showing remarkable post-pandemic recovery and immense growth potential. Beyond its consumer appeal, it serves as a catalyst for economic development, generating employment opportunities and infrastructural investments in port cities worldwide. With substantial capital investment and a projected expansion of the global cruise market, particularly in ocean cruises, this sector offers avenues for sustainable economic growth. The Indian Ocean Rim region emerges as a promising market, showcasing robust recovery post-pandemic and signaling latent demand potential, especially in nations like India, Sri Lanka, and Mauritius. ...