tgh
Established Member
- Joined
- Apr 23, 2006
- Posts
- 3,523
I would welcome any additional thoughts.
The recent pandemic has decimated the once sound financial position of most major cruise companies.
They have borrowed at usurious rates to maintain liquidity and are now faced with rapidly escalating costs of staying in business .
They are fighting for survival with their customers the only source of more revenue.
Whatever it takes is trumps…Higher fares, hidden costs when aboard , cheaper foodstuffs, cheaper every little thing.
It all isn't pretty but thats where they find themselves.. there will eventually be a day of reckoning and cruising will recover.
Meanwhile...caveat emptor ...
	
		
			
		
		
	
				
			The recent pandemic has decimated the once sound financial position of most major cruise companies.
They have borrowed at usurious rates to maintain liquidity and are now faced with rapidly escalating costs of staying in business .
They are fighting for survival with their customers the only source of more revenue.
Whatever it takes is trumps…Higher fares, hidden costs when aboard , cheaper foodstuffs, cheaper every little thing.
It all isn't pretty but thats where they find themselves.. there will eventually be a day of reckoning and cruising will recover.
Meanwhile...caveat emptor ...
 
				 
						 
  
 
		 
 
		 (sarcasm) they can still use the business model of exploiting third world labour for next to no wages and get the pax to pay the wages via 'gratuities'.  (This is the reason why I don't remove the gratuities.  Some people will literally get paid almost nothing if not for the gratuities.  It is unconscionable, and would be illegal for an Australian employer).
 (sarcasm) they can still use the business model of exploiting third world labour for next to no wages and get the pax to pay the wages via 'gratuities'.  (This is the reason why I don't remove the gratuities.  Some people will literally get paid almost nothing if not for the gratuities.  It is unconscionable, and would be illegal for an Australian employer). 
 
		 
 
		 
 
		 
 
		 
  
 
		 
 
		 
 
		