Princess Cruises
Princess Cruises' Sea Princess ship.
- 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.
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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.