maritime

South Quay Travel & Leisure Limited Trading As Cruise & Maritime Voyages Ceases Buying And Selling

The number of global ocean cruise passengers has risen progressively since 2009, peaking at practically 30 million in 2019. The Caribbean, the Bahamas, and Bermuda have been the preferred locations, welcoming about 12 million cruise travelers. This scenario changed drastically in 2020 as the pandemic disrupted the cruise market. For occasion, TUI AG’s world income from the cruises section roughly halved in 2020 over the earlier year. Before the dramatic impression of the health disaster on the travel trade, leisure tourism spending worldwide had increased steadily since 2015. Global expenditure on leisure trips peaked at roughly four.7 trillion U.S. dollars in 2019, rising by 3.1 p.c over the previous year.

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