LATAM Cruise Tourism Market Size & Outlook, 2025-2033

LATAM Cruise Tourism Market Insights

As highlighted in Deep Market Insights analysis, the LATAM Cruise Tourism Market, valued at USD 17.6 Billion in 2024, is estimated to achieve USD 27.24 Billion by 2033.
The market is estimated to grow at a CAGR of 5.05% spanning 2025 to 2033.
By market size, Ocean cruises (mainstream) led the Cruise Type category in 2024.
The Cruise Type segment led by Luxury & expedition cruises is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.

In 2024, LATAM accounted for 10.23% of the global Cruise Tourism Market size.
By 2033, United States is projected to lead the global market in terms of market size.
Mexico is projected to emerge as the fastest-growing market in LATAM, reaching USD 8.14 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 17.6 Billion
Market Size In 2033	USD 27.24 Billion
Largest segment	Ocean cruises (mainstream)
Units	Revenue in USD Billion
CAGR	5.05% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
Cruise Type	Ocean cruises (mainstream) Luxury & expedition cruises River cruises Regional / coastal cruises
Passenger Type	Leisure / family Luxury / HNW Adventure / expedition
Revenue Streams	Ticket / fare revenue On-board spend (F&B, excursions, retail) Port & handling services
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	7.92	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Cruise Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Ocean cruises (mainstream)	XX.x	XX.x	XX.x	8.08	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Luxury & expedition cruises	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
River cruises	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Regional / coastal cruises	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Passenger Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Leisure / family	XX.x	XX.x	XX.x	8.71	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Luxury / HNW	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Adventure / expedition	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Revenue Streams	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Ticket / fare revenue	XX.x	XX.x	XX.x	8.71	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
On-board spend (F&B, excursions, retail)	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Port & handling services	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x