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Stock Market Today

  • Australian Cruise Market Hits Record High Despite Local Industry Challenges
    May 29, 2026, 8:25 PM EDT. In 2025, a record 1.45 million Australians took cruises, marking a 9.5% rise and placing Australia as the world's fourth-largest cruise market behind the US, Germany, and the UK, according to the Cruise Lines International Association (CLIA). While 80% of cruises occurred in Australia, New Zealand, and the South Pacific, more Australians are seeking international destinations like the Mediterranean and Asia. The average cruiser age dropped to 47.3, with over a third under 40, reflecting a trend of younger travelers and shorter cruises averaging seven and a half days. However, local cruising faces challenges due to regulatory uncertainties and higher operational costs, leading to fewer ships visiting Australian ports and prompting more Aussies to cruise abroad.