Why cruise ships are so expensive and why they won’t stay in the air
By Tom L. HesterThe cruise industry is already struggling to keep pace with a world of increasing pollution and increased climate change.
But cruises are becoming more expensive and harder to operate.
According to cruise line Cruises America, the average price per night on cruise ships is now nearly twice the price it was a decade ago.
The company says its annual operating profit will decrease by at least half from $1.6 billion last year to $2.6 million this year.
The price increase has not been evenly spread out across the industry.
Cruises Pacific is the only U.S. cruise line that has maintained a profit for five years, while other American cruises, such as the Royal Caribbean, have suffered.
Cruise Line says its cruise line will cut costs by about 15 percent by 2020, which is roughly in line with what other major cruise lines have seen.
But this does not mean the industry can afford to cut its fares.
According the company, cruise fares on its cruise ships will rise by about 20 percent in 2021, and cruise fares will increase by more than 60 percent in 2022, and by more a third in 2023.
The industry’s top executives say the current financial situation is too dire to allow the cruise industry to continue its current trajectory.
Cruisers Pacific CEO Michael A. Lipps says the industry has to make major changes to address the financial realities of the cruise business.
But he says the current cruise industry has failed to address two big issues: the rise in the cost of fuel, and the growing cost of operating the ships.
Cruise Line, which has had to raise its fares and cut staff in the past, has been able to keep the ship afloat by cutting expenses.
But it is facing mounting costs.
Littles said the company is cutting $150 million to $200 million a year in costs.
And the cruise ship industry has been losing money, and now the company’s ship is on the verge of breaking down.
Lettles said that for the last few years, CruisesPacific has seen an uptick in cancellations.
In the last six months alone, the company says it has received about a dozen new cruise ship cancellations every day.
Lipps, who said he does not have any immediate plans to retire, says the cruise company has to find ways to continue operating, but the current situation is unsustainable.
“I would say, look, there’s nothing I can do that would save this business,” Lippes said.
“It’s just a fact.
And that fact is, we’re losing money.
We’ve been losing profits for a decade, and we’re now in a situation where we’ve lost money.”
Cruises Pacific’s problems are not limited to the cruise line.
The company’s CEO said he was told that the company will have to reduce its operating costs by more like 50 percent by 2021, to about $5 billion.
And in 2022 the company plans to cut about 40 percent of its workforce.
It is unclear what the cruise operator will do about the rising costs of operating ships that have been on the market for decades.
Despite the financial woes, Lippings says the company still believes that cruise lines will be able to continue their business in the years ahead.
We have a great brand and great brand reputation.
And we’re going to do everything in our power to be a leader in the industry, he said.
If we can find ways of operating in the future, I think we’re capable of doing it.
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