Key regions: Indonesia, Singapore, United States, India, Vietnam
The Cruises market in Qatar has been experiencing steady growth in recent years, reflecting the increasing popularity of cruise travel among Qatari residents and tourists.
Customer preferences: Cruise customers in Qatar are showing a strong preference for luxury and high-end cruise experiences. They are increasingly seeking unique and exclusive onboard amenities, personalized services, and upscale dining options. This trend is in line with the global shift towards experiential travel and luxury tourism, where travelers are willing to pay more for premium experiences.
Trends in the market: One noticeable trend in the Qatari Cruises market is the growing demand for cruises that offer cultural immersion and authentic local experiences. Cruise operators are responding to this trend by incorporating more destination-focused itineraries that highlight Qatar's rich heritage, traditions, and attractions. Additionally, there is a rise in themed cruises catering to specific interests such as gastronomy, wellness, or adventure, providing passengers with tailored experiences.
Local special circumstances: Qatar's strategic location in the Middle East, with a rapidly developing tourism infrastructure and a strong focus on luxury tourism, has positioned the country as an attractive hub for cruise travel in the region. The government's investments in expanding port facilities and promoting Qatar as a cruise destination have contributed to the growth of the Cruises market. Additionally, the country's stable political environment and high standards of safety and security make it an appealing choice for cruise travelers.
Underlying macroeconomic factors: The economic prosperity in Qatar, driven by its oil and gas industry, has resulted in a growing affluent population with disposable income to spend on luxury travel experiences like cruises. The country's efforts to diversify its economy and promote tourism as part of its Vision 2030 plan have also boosted the Cruises market. Furthermore, the increasing connectivity with major cruise routes in the region and the expansion of cruise lines offering Qatar as a port of call have further stimulated the growth of the market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and sales channels of cruises.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, the Global Consumer Survey, third-party studies and reports, data from industry associations (e.g., UNWTO), and price data of major players in respective markets. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as country-related GDP, demographic data (e.g., population), tourism spending, consumer spending, internet penetration, and device penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, and exponential trend smoothing methods are applied. A k-means cluster analysis allows for the estimation of similar countries. The main drivers are tourism GDP per capita and respective price indices.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.
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