United Kingdom
United States
Asia Pacific
North American cruise growth leveling off
The growth in North American cruise capacity is slowing down to an average of 4% annually through 2010, according to a research report by UBS Investment Analyst Robin Farley.
Historic average annual increases are 7 or 8%, according to the report. Increases this year and in 2009 will be just 2%.
“While we learn of new ship orders years in advance, withdrawals of older or less profitable or redeployed tonnage typically occur only a few months to a few weeks in advance,” Ms Farley said.
For that reason, she added there could be further changes in the numbers.
Additional ship transfers are expected post-2009 as Carnival Corp. and Royal Caribbean Cruises Ltd. send older vessels to their European brands. However, many transfers are taking place now.
Louis Cruises recently announced the purchase of two older NCL vessels.
RCCL and TUI also closed on a joint venture for a new German cruise brand, and RCCL expects to transfer one of its older ships to that brand. In addition, NCL America is transferring the Pride of Aloha to parent company, among other developments.
Report by David Wilkening
Related News Stories:
David
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled