Transcription of Current Trends & Considerations in Cruise …
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Current Trends & Considerations in Cruise …
By: Coastal Systems International, Cruise industry has experienced incrediblegrowth over the past three decades,expanding at an annual rate of with the strong overall growth ofthe industry, the Cruise lines are addingsignificant vessel capacity - reported to include23 new vessels by the end of 2014. Thecurrent generation of newbuild ships willprovide the largest Cruise ships built to date,including the Carnival Magic(3,652 PAX),Norwegian Epic(4,100 PAX), and the RoyalCaribbean Allureand Oasis of the Seas(5,400 PAX) (Source: CLIA, 2008 & 2010). The Cruise industry's growth is generatingconsistent demand for new berths. Cruisedestinations are also evolving significantly,expanding from basic pier structures to comprehensive day destinations withentertainment, retail, and dining facilities. TheCaribbean region - long the world's largest andmost economically important Cruise market - ispoised to continue capturing the majority ofglobal Cruise passengers; however, asignificant expansion of port and tourismcapacity will be required to accommodate theburgeoning Cruise demand.
Industry Trends Developing cruise destination infrastructure can require a significant investment in terms of land acquisition and infrastructure
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