CHART 4 | 11 Expedition Cruise Sales Down 21% or more Down 1-20% No change Up 1-19% Up 20-49% Up 50% or more Unsure/ Undisclosed ANTICIPATED CHANGE IN SALES, 2024 VS. 2023 4 CLIA 2024 State of the Cruise Industry Report I have five expedition cruises booked for February 2025. It’s a good time to be in the cruise industry. The intent for cruising is 6% higher in 2024 than it was in 2019, with millennials showing a great interest in cruising. The news is even better for the expedition cruise segment which is one of the fastest-growing sectors of cruise tourism. It has shown a 71% increase in passengers traveling on expedition itineraries from 2019 to 2023 4 . The advisors also reflect this sentiment with 6 out of 10 advisors expecting double-digit sales growth. While initially clients may be hesitant to go on an expedition cruise —due to factors such as time and money — advisors said that once a client goes on one, it’s easy to get them to book a second, and even a third expedition cruise. Nearly 90% of advisors said that their expedition bookings are from repeat clients. A little over 10% of the advisors said that their clients were first time expedition cruisers. While it may take time to get an expedition client, this is a segment to invest in. One advisor said: Annual Gross Sales 0% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% TRENDS IN EXPEDITION CRUISE