The industry made significant recovery after revenue fell below 25 billion U.
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Cruise industry Essay Sample 1.
What global forces have contributed to the growth of the cruise industry? Two major factors that have contributed to the growth of the cruise industry are the change in the competitive environment brought about by the advent of transoceanic airline service and increasing discretionary incomes.
As demand for liner travel declined in response to the development of less expensive and much faster air service, shipping lines were forced to respond to the new market conditions by developing sea travel for the middle class, i.
In addition, all-inclusive prices, a wide range of on-board and on-shore offerings, and the additional safety and security measures provided by the cruise industry have proven very attractive in light of recent political and socio-economic events. What specific steps have Carnival Cruise Lines taken to benefit from global societal changes?
Carnival has responded to global environmental changes in a variety of ways. Because a ship is highly vulnerable to terrorist acts, Carnival has instituted very strict security measures. It has also implemented strict health and safety measures.
Carnival has dealt with economic recessions by offering shorter cruises that embark closer to home and with times of economic prosperity by offering longer cruises that incorporate more exotic destinations.
It minimizes staffing costs by sourcing employees on a global basis. In addition, across its various lines, Carnival offers a wide variety of themes, classes of service, and destinations.
What are some of the differences by country that affect the operations of cruise lines? For example, most shipping lines choose to flag their vessels in countries such as Liberia, Mongolia, or Panama because of the lower taxes and less.
More essays like this:They had competed in an essay contest where the subject was the positive economic impacts of the cruise industry in Juneau, and those who won were given a free round of go-karting on top of the massive ship, as well as a free meal and a short tour of the vessel.
A consolidated (concentrated) industry, like the cruise industry, typically has a more attractive industry structure, though the nature and extent of competition in consolidated industries is hard to predict.
Nicole Kidman opened the floodgates last week when she made a rare mention of her marriage to Tom Cruise in an essay for New star shielded her from unwanted sexual advances in the industry.
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The cruise ship industry is the fastest growing segment in the travel industry and has had an annual growth rate of % since Just imagine about active cruise ships with well over million gross tons and about , beds. The Cruise Industry Words | 7 Pages. 3- Opportunities • The cruise industry in itself offers many opportunities As seen previously, the cruise industry is a rapidly growing industry and favorable demographics should drive demand in the future.