Cruise Industry

Paper Summary:

The cruise Industry is growing rapidly, but if there is one thing that threatens to undermine its progress, it is lack of accountability in this segment of leisure travel industry. This paper first examines the growth of this industry and later highlights the key problems that need to be resolved effectively to protect the industry from possible disintegration and decline in future.

From the Paper:

"It is believed that no segment of leisure travel industry is growing as fast as the cruise industry. According to an estimate by The Cruise Lines International Association, number of cruise travelers went up to 6.5 million in the last few years of 1990s, which was a 51 percent increase from 1995 (Sloan, 1999). One of the best and most productive years for this industry was 1998-1999 when the number of cruise travelers increased rapidly. During this years, occupancy rate was 91% while the five millions passengers opted for cruise travel instead of regular travel. (Corzo, 1999) In 1999, number of passengers increased dramatically thus paving way for further growth in the coming years. But the while the industry on the whole grew steadily during 2000 and 2001, a decline was noticed in number of American passengers as operators look towards Europe for more business and profits."

More papers on Cruise Industry:

• Essay # 73986 : "The Cruise Industry"
• Research Paper # 95233 : "Cruise Line Industry"
• Analytical Essay # 130024 : "The Cruise Line Industry"

APA Citation:

MLA Citation: