S-E Asia cruise industry raked in $12.7b in 2024, Singapore drove nearly half of passenger traffic
The cruise industry in South-east Asia yielded US$10 billion (S$12.7 billion) in 2024, making up 5 per cent of the global cruise industry’s output.Spend per passenger in the region was 2.4 times the global average, at US$2,564 per visit, said the Singapore Tourism Board (STB) on April 15, citing figures from the inaugural Economic Impact Assessment of Cruise Tourism for Southeast Asian countries.Singapore captured 48 per cent of the region’s 3.9 million passenger visitors.The study, produced by travel and tourism industry consulting firm Tourism Economics for the Cruise Lines International Association (CLIA), in partnership with STB, showed that overall, South-east Asia’s cruise tourism contributed US$4.5 billion to the region’s gross domestic product (GDP).The region accounted for 2 per cent of 186 million global cruise passengers in 2024, capturing 5 per cent of global cruise-related GDP.STB said the data showed that cruise tourism introduces visitors to the region’s diverse attractions and helps generate sustained tourism demand beyond the initial cruise visit.