As previously forecast, the cruise industry continues its expansion, taking advantage of the mobility of its assets, and adjusting its capacity on a regional basis in order to capitalise on those areas where organic growth in demand leads to higher fares and returns on invested capital.
The cruise sector has been rapidly growing and while the industry has been moving ahead cautiously due to slow economic recovery in some regions, along with several other challenges, the expansion that has occurred has involved consolidation, new entrants, new joint ventures, MOUs and other cooperative arrangements for strategic positioning in emerging markets