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Celebrity Millennium mechanical issue cost about $13 million in ticket revenue

Celebrity Millennium mechanical issue cost about $13 million in ticket revenue

by Cruise Market Watch | Aug 21, 2013 | Cruise Market Community, Revenue

After the recent mechanical issues with the Celebrity Millennium, Royal Caribbean Cruises Ltd., which owns Celebrity Cruises, announced Tuesday the cancellation of the remainder of the ship’s seven-night cruise to Alaska and four additional cruises, when a faulty...
Is the Carnival Triumph strike three for the Cruise Industry?

Is the Carnival Triumph strike three for the Cruise Industry?

by Cruise Market Watch | Feb 16, 2013 | Hot Topics, Marketing, Revenue, Stock

The “Pop Tart Cruise” on Carnival Splendor November 2010 was greeted with curiosity and had little impact to bookings or ticket prices.  The Costa Concordia January 2012 incident was greeted with shock.  Bookings and prices did drop and while they have since...
Cruise Market Watch Announces 2013 Cruise Trends Forecast

Cruise Market Watch Announces 2013 Cruise Trends Forecast

by Cruise Market Watch | Nov 26, 2012 | Revenue, Stock

Now in its fifth consecutive year, we are proud to release our 2013 cruise market statistics.  In that short span of time the industry has robustly managed both a “great recession” and a once in a century ship incident. The Costa Concordia and European sovereign debt...
Is Royal Caribbean taking market share from Carnival?

Is Royal Caribbean taking market share from Carnival?

by Cruise Market Watch | Oct 25, 2012 | Revenue, Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) stock priced gained as much as 12 percent today after its third quarter earnings announcement, closing up over 8 percent.  The stock hit a new 12 month high.   Carnival Corporation (NYSE:CCL) was also up, and its stock is near...
Word Cloud: Captain Schettino

Word Cloud: Captain Schettino

by Cruise Market Watch | Oct 20, 2012 | Cruise Market Community, Marketing, Revenue

A type of boomerang occurs for companies and victims that suffer tragic events.  First is the event itself, which is followed many months later by its reemergence in the news during subsequent trails and lawsuits.  And so it is with Carnival, Concordia passengers,...
More Chinese to Go on Caribbean Cruise? What The Emerging Middle Class in China Means to Global Cruise Industry

More Chinese to Go on Caribbean Cruise? What The Emerging Middle Class in China Means to Global Cruise Industry

by Cruise Market Watch | Aug 4, 2012 | Marketing, Revenue, Trends

Chinese grooms did not traditionally purchase diamond engagement rings for their prospective brides. It was only 20 years ago that diamonds begin to appear in engagement ceremonies among the Chinese elite. But smart marketing campaigns and the increasing purchasing...
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