Developments in the cruise industry

But cruise ships still have enormous challenges ahead. These limitations will mean trading off older markets to meet the demand from China, or splitting ships between markets. For instance, Cunard announced in that it was lengthening the crossing time of its transatlantic cruises by one day, from seven to eight days.

In the other hand, althought the corporate offices of the main cruise companies are located in the United States and Europe, and their clientele comes mostly from these same areas, these organizations, as an integrant part of the shipping industry, are incorporated and have most of their fleet registered in Panama, Liberia, Bemuda and Bahamas to obtain a series of benefits and advantages that allow a better economic balance and competitiveness derived from more favourable standards concerning taxation, labour laws and safety and environmental regulations.

Inthe port of Juneau in Alaska was the first in the world to offer shoreside power for cruise vessels. Small companies become medium sized.

Furthermore, strong niche markets have developed focusing on, for instance, history Hanseatic cities in northern Europe or natural amenities Alaska. Thus, the trend is now moving towards a choice of tiny, small, medium-sized, large, and monstrous vessels in just about any reasonable price range.

Even the financial crisis of has not impacted the demand for cruises. Carnival Corporation, headquartered in Miami Florida, USA and London England, UKis the undisputed leader in the sector and the most profitable leisure company in the world, with 12 cruise brands in North America, Europe and Australia that operates 89 cruise ships, around 65, shipboard employees andguests at any given time.

By the s, economies of scale were further expanded with cruise ships that could carry more than 2, passengers. In the same way, the bargaining power and capability to take advantage of economies of scale present in the cruise industry are also affected by the size of the market in two different and contradictory ways: Cruise ports come into three main categories depending of the role they serve within their regions.

The general aging of the population is also a factor in favor of cruise shipping as the main market remains older adults, albeit customers are getting significantly younger.

The Cruise Industry General Analysis and Overview Over the last decades, the modern cruise industry has responded to extensive market and consumer research with the presentation of innovative naval design concepts, new ship lengths, ever more exotic destinations around the globe, and new on-board and on-shore activities and themes, developed to offer a vacation alternative that satisfies the expectatives of everyone.

The general aging of the population is also a factor in favor of cruise shipping as the main market remains older adults, albeit customers are getting significantly younger.

Thus, cruise passengers usually receive a map to illustrate about the most recommended itineraries, including a buying guide that identifies a listing of stores and commercial establishments in the area, approved by the cruise company on the grounds of good prices and guarantee of quality. Thus, many of the latest developments in the cruise industry have come about as a result of efforts to lure first-timers on board.

The cruise industry is expanding to provide more options for passengers, particularly for niche markets where higher prices can be commended than in the competitive mass markets of the Caribbean and the Mediterranean.

Seabourn in particular has been praised as a company that offers a more intimate experience, while at the same time providing all the luxury of a large ship. Sampling destination and geographical areas before visiting them on a future land-based vacation is one of the most influential aspects when choosing a cruise vacation aboard a cruise ship, and most cruise passengers frequently name the Caribbean, Alaska, Hawaii, Bahamas, Europe and the Mediterranean Sea as their favourite options in descending order.

A New Wave of Growth for the Cruise Industry

In some cases, destinations may have more impacts than itineraries, inciting cruise lines to offer longer shore stay options where the cruise ship can become a temporary hotel in proximity to central areas.

The last liners became the first cruise ships as it took more than a decade to see the complete demise of liner services with the final realization that long distance travel was now to be assumed by air transport and also considering the 30 years lifespan of a liner. Some ships may even begin to use flying drones for such things as extended view whale-watching, storm monitoring, cloud formation, and weather analysis.

X-Box Tournament Cruise — If you are into gaming you will love this cruise with six X-Box Tournaments happening simultaneously on virtually every level of the ship. On a comparative basis versus other tourism categories, and whether a first-time or frequent cruiser, the cruise experience consistently receives top marks from customers on a wide range of important vacation attributes, with an increasing number of people indicating the intent to purchase a cruise.

This fact has created a growing market for smaller cruise lines that operate everything from passenger cruise ships to yachts and sailboats that carry only 10 to 30 travelers at a time.

Silversea launched a program that offers passengers an opportunity to learn more about geography, culture, oceanography, photography, and nature from National Geographic Society photographers and journalists.

New Cruise Line Industry Developments

Crane Worldwide offer a number of services in the Cruise Line market including and not limited to: Hence, in most shipping markets the shipping activity is a clear derived activity of trade and demand is rather price inelastic.

For this reason they have the ability to manage risks more efficiently than most other industries. Here is a great list of new cruise ships launched by year. Cruise-based tours of several hours while the ship is docked at a port of call or anchored a few miles offshore, which offer different themes and exciting activities: The Cruise Industry General Analysis and Overview Over the last decades, the modern cruise industry has responded to extensive market and consumer research with the presentation of innovative naval design concepts, new ship lengths, ever more exotic destinations around the globe, and new on-board and on-shore activities and themes, developed to offer a vacation alternative that satisfies the expectatives of everyone.

The Future of the Cruise Industry

Each of the industry leaders are now well-positioned to leave their mark on the future, and they will be doing it by pushing the envelope, taking risks, and breaking rules. In any case, the current economic situation has made the companies in the sector reconsider their business plans, controlling costs and reducing part their staff.

Since the cruise industry is a relatively small segment of the touristic sector, it has so far been very successful at finding customers to fill a greater number of ever larger ships.

The Cruise Industry

For the last decades, cruise line companies have been ordering new and innovative ships yearly. The cruise product has become diversified to attract new customers and to respond to the preferences of a wide array of customer groups.

Additionally, they were built for speed which was their trademark with the related high levels of fuel consumption. As with any maturing and expanding business market, larger cruise lines have swallowed up smaller companies in a number of cases. The region covered by the itinerary is serviced throughout the year as the demand remains resilient, which is associated with stable subtropical weather conditions as well as stable itineraries.

The industry has a high level of ownership and market concentration. In addition, while many people go on a cruise with the intention of doing nothing more than relaxing and unwinding; other customers are interested in participating in all sorts of activities and experiencing the destinations to the fullest, and willing to pay for it.

Cruise Industry News has released a new report outlining the latest developments in the Chinese and British Cruise Brands Surging with New Ships, More Sep 17, A New Wave of Growth for the Cruise Industry. Blogs, News, May 4, Kate. The cruise industry is headed for growth.

Cruise Lines International Association projects an increase to 24 million passengers inan additional 1 million passengers fromwith anticipated growth in both the number of cruise takers and the amount of passenger.

The cruise industry is poised for continued solid growth in The Cruise Lines International Association recently forecast better than five percent passenger growth for to reach a.

The cruise industry is the fastest growing segment of the travel industry – achieving more than 2, percent growth sincewhen an estimatedpeople took a cruise. Roughly million passengers traveled ina % increase over The cruise industry, which modern version dates from the s with the development of the North American industry, has experienced an increasing process of popularization, becoming a major part of the tourism sector, and reaching a level of enormous significance world-wide as an economic factor.

Thus, many of the latest developments in the cruise industry have come about as a result of efforts to lure first-timers on board.

Cruise lines are finding that for many potential cruisers, shipboard pampering is .

Developments in the cruise industry
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THE CRUISE INDUSTRY: PAST, PRESENT AND FUTURE