CLIA President & CEO Kelly Craighead echoed Vago’s remarks, notably in the support of well-managed, culturally-sensitive tourism worldwide.

“We are entering a new era of cruising. The 62 new ships that we will see through to 2028 is a show of confidence in the market. We see cruise popularity and intent to cruise rising faster than pre-pandemic. Our challenges are to correct misinformation about the industry and its impact and ensure our voice is heard as regulatory and environmental outcomes are discussed.

“We are dynamic, adaptable and responsible and we show leadership in the push for carbon-free cruising. Our evolution is accelerating.”

The opening remarks were followed by a ‘State of the Global Cruise Industry’ panel session, featuring Vago and Craighead, alongside Royal Caribbean Group President & CEO Jason Liberty, Norwegian Cruise Line Holdings President & CEO Frank Del Rio, Carnival Corporation & plc President, CEO & Chief Climate Officer Josh Weinstein, with moderation by BBC World News Presenter Lucy Hockings.

They explored themes including the industry’s commitment to net carbon-neutral cruising by 2050, new environmental technologies and cleaner fuels; how cruiselines are collaborating with local communities and destinations; consumer travel trends and the pipeline of launches in 2023.

Liberty said: “As we return, it has been great to see a smile on the faces of our guests, and after three long years it is great to be making money once again. Occupancy has climbed again and will accelerate further in 2023.”

Weinstein said: “Given everything that has been thrown at all of us, we have needed to be resilient. Also, our partners have seen the economic and social benefits of cruising.”

In his final Seatrade before he retires, Del Rio said that he would miss the creativity that goes with the role. He welcomed the continuing competition between cruiselines, saying. “Competition fuels innovation and innovation fuels demand.”

Each of the CEOs said that the industry could collaborate more on the of fuel and sustainability more widely. Weinstein said: “We have always agreed that we compete in some areas but never in health, environment or safety and security. We need to act in these areas collectively.”

Craighead hailed the advances of women in the sector. “Cruise leads on women who are involved not only in leadership positions but across the board. The proportion of female captains is far higher than in the airline industry. All of this is helping us forge a new era of cruising, with far more diversity than ever.”

Addressing the customer understanding of the sector and its appeal, the leaders broadly agreed that prices in the cruise sector are still too low compared to land-based holidays, in some cases 25-50%, according to Weinstein. “We need to do a better job myth-busting about cruise,” he said.

Liberty added: “The key for us is to take share from land-based holidays, not each other. Millennials were delayed in much in life by the pandemic, but now they are seeking new experiences, and that is an opportunity. Another is that people are more focused today on buying experiences and not just buying stuff. We also have the tailwinds of more retirees and that some people now combine work and leisure more, and a cruise ship offers that opportunity too. Cruise represents a value holiday, and that is still a big opportunity.

“Also, social media has stimulated people to dream, and we need to bring those dreams to life. We can do that even more with our land-based partners and communities. A decade ago there were hundreds of destinations in cruise; today there are thousands.”