The Leisure- Cruise Industry Major: Marketing Porter’s Six Forces I. Threat of New Entrants: Low * Barriers to entry: High * High Capital Requirements: The capital required to start up a cruise line is one of the key factors contributing to this industry’s high barriers to entry. With the average cost of building a cruise ship rising‚ the amount of capital needed to start up a cruise line is estimated at one billion dollars. Therefore discouraging any new entrants into the industry.
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CRUISE SHIP A cruise ship or cruise liner is a passenger ship used for pleasure voyages‚ where the voyage itself and the ship’s amenities are part of the experience‚ as well as the different destinations along the way. Transportation is not the prime purpose‚ as cruise ships operate mostly on routes that return passengers to their originating port‚ so the ports of call are usually in a specified region of a continent. The rapid growth and specialization process experienced by the cruise industry
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Last summer I went on a cruise to the Bahamas and this has been a very good memory that will stick in my mind for as long as I live. I had such a great time and I wish I can go back again and have an adventure of a lifetime and make more memories with my family and friends. We did a lot of different activities while we were there and not much time. I swam in the ocean and the water was so cool and refreshed I felt like I was in a clean pool. It was very hot there and always in the day because the
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Managerial Economics Market Analysis Report – Cruise Sector Blue Group #9 Matteo Tuninetto Frosina Bollo Antonio Marchitelli Anna Rottmayr ME – Market Analysis Report Blue Group # 9 Page 1 of 14 Content 1. Market definition 3 2. Cost structure 3 2.1. Capex vs. Opex 4 2.2. Fixed vs. variable costs 5 2.3. Entry costs 6 3. Demand drivers 7 3.1. Purchase decisions 8 3.2. Trends in demand that affect revenues 8 4. Competitive situation 9 4.1. Market Concentration 10 4
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CRUISE SHIP: HOLLAND AMERICA Holland America Line operates a fleet of 15 premium cruise ships offering more than 500 cruises annually on all seven continents. Holland America Line operates Cruise Tours to Alaska that combine a cruise with a land experience. CRUISE SHIPS Make annual World Voyages‚ sailing around the world‚ usually ranging from January to March/April/May. Statendam Class (S Class) - They were the first new HAL cruise ships to incorporate features like the atrium‚ the two-deck
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The creativity of people and sustained marketing of companies allowed the passenger liner industry to transform from a pure transport function to an almost pure tourism function into the global cruise line industry that we know today. The main goal of the supply chain‚ sometimes referred to as the value chain‚ is to create value. In an end-customers’ context‚ value is the measure of desire for a product and its related services (1) customer relationship management‚ (2) customer service management
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12-05 Carnival Cruise Lines: Wreck of the Costa Concordia “The boat started shaking. The noise – there was panic‚ like in a film‚ dishes crashing to the floor‚ people running‚ people falling down the stairs.” – survivor Fulvio Rocci 1 The Crisis At 4:00 p.m. on the evening of January 13‚ 2012‚ the Costa Concordia set sail from Rome‚ Italy for a seven-day cruise as it did every week. The ship was due to arrive in Savona‚ Italy the next day. Around 9:15 p.m.‚ the ship took a five mile detour to pass
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Introduction The cruise industry has been growing between 1990 to 2005‚ recording an expansion of passenger level from 4.4 million to 13.9 million.1 The growth has led to cruise industries to build larger and diversified ships‚ and to provide more local ports‚ destinations and new on-board or on-shore activities that match demands of consumers.2 In order to cope with the global trend and become a leading regional cruise hub‚ the Kai Tak Cruise Terminal was built in May 2010 and
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Carnival Cruise Ship Triumph Brenda Wells BCOM/275 October 14‚ 2013 Kimberly Boyd Carnival Cruise Ship Triumph Carnival Cruise Ship Triumph caught fire February 10‚ 2013 leaving 4‚200 passengers stranded with poor living conditions. Many people were affected by the ship’s fire including the passengers‚ crew‚ and family members at home. The company faced many future issues such as loss of future passengers‚ employee relations‚ and government scrutiny of the fleet’s future safety. The
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Pollution Caused by Cruise Ships James Tapp Business Ethics‚ BUAD 5304 Cruise ships and the industry as a whole are vital to the economic stability of the local port cities in which they dock at daily. These ships carry up to 3‚000 passengers who spend enormous amounts of money at tourist locations around the world. It is estimated that millions of dollars are generated and placed into the tourism markets annually. This is great news for local communities that depend on the cruise ship industry
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