Segmentation is happening all around us every day; SUV or economy? Soda or energy drink? VP or Junior Analyst? Cruise ships are no different – they each have distinct characteristics which we mentally place into groups (large and small, luxury and well, yes cheap). But what happens if we let the numbers speak for themselves? Cruise Market Watch developed a statistical model based on similarities within three dimensions:
- ~ average duration of cruise
- ~ average price per person per day (weighted across all cabin categories)
- ~ ship passenger capacity
From 221 different cruise ships accounting for over 9,000 sailings in the next 12 months, our model produced 10 distinctive cruise ship segments.
Each segment describes, based on the data provided, the “class” to which its members belong (naming the segments is, however, more art than science). Segment members are mathematically most similar to each other along the three dimensions, and most dissimilar to members of the other groups.
Interact with the graph below by clicking segment selector and discover each segment’s averages and ship members. And yes, Oasis and Allure really are in a class all by themselves. The math is un-biased, so don’t hate.