Cruise Industry

As the cruise industry sails into the third decade of the 21st century, the signs of its vitality are everywhere. New entrants are flocking to the business. Established players have record booking curves. Big networks of cruise vacation advisors are growing. Competition is healthy but not cutthroat. And cruise lines are spending more than everContinue reading “Cruise Industry”

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Small ships popular but proving difficult to get built

Shipyard problems have delayed Ritz-Carlton Yacht Collection’s first ship, the Evrima. The small-ship cruise sector is booming, but getting its ships built on time is proving to be a big challenge. Expedition and small luxury ships are among the hottest segments when it comes to passenger demand. But unlike the mega-liners churned out like clockworkContinue reading “Small ships popular but proving difficult to get built”

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Ritz-Carlton to enter luxury cruise market with three yachts

The Ritz-Carlton has announced it will become the first hotelier to enter the cruise market with plans to launch three luxury yachts. The brand, part of Marriott International, has secured financial backing from Oaktree Capital Management to launch The Ritz-Carlton Yacht Collection. The financials around the deal have not been disclosed and Marriott would notContinue reading “Ritz-Carlton to enter luxury cruise market with three yachts”

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