CUNY — Cruise ship and cruise line fleet growth reached a record $20 billion in the second quarter of 2017, according to the New York Stock Exchange.
The report, from the NASDAQ, says fleet growth at cruise ships is accelerating, as ships are moving to new routes and new fleets are coming online.
The cruise industry, with about $3.7 trillion in annual sales, is expected to reach $23.5 trillion by 2021, according the report.
Cruise ships are expected to account for 70% of that.
The NASDAQ is expected on Tuesday to release its second quarter report, which will show how cruise ship sales have been increasing at a rate of about 4%.
The NASDAQ has been down this year after the NASE’s March report showed it was on track for an increase of about 3%.
The NASE report will be published after the end of the first quarter, which ended on Thursday.