Market for cruise ships in UK
- Population of the UK (65 million)
- Break down by categories: A (5%), B (middle class 25%), lower middle class (30%), rest of the population (40%)
- Assume no one from the rest of the population goes on cruises. Assume that everyone that wants to go from class A and B that want to go on a cruise can go
- Class A - 1.3 million —> on average 10% of people go on cruises every year. Cruises get more popular as people age
- Class B = 16.25 million —> 5% of people go on cruises every year. Not sure on assumption as to why here
- 812,000+130,000 = 942,000
- Average cruise costs - 2000 pounds.
- 18.8 billion.
- Is this number too high. Did I do anything wrong in my assumptions?
- Thank you in advance!