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Saturday, June 23, 2018

Victoria/Cruise Industry

Aloha Everyone,

We arrived in Victoria at 7:00 PM and left by 11:30 pm. The stop was to satisfy a legal maritime requirement under the Jones Act. Emerald Princess  is a foreign registered vessel with a foreign crew.

J.J. and I have taken 10 cruises of which 8 of them are since we retired in 2014. Total number of days is nearly 90.

One passenger on our most recent cruise was cited as having the highest number of days. He had more than 400 nights and that’s just on the Princess line. Frequent cruisers are offered wonderful perks. These include cabin upgrades, onboard credits, free items such as spas and shore excursions. 

There are at least a dozen cruise lines that service an international clientele ranking Carnival Cruise and Royal Caribbean as first and second positions.

Net income for Royal Caribbean Cruises Ltd. (RCCL) surged 61% to $369 million due to better exchange rates and strong North American demand.

The bigger ships are more profitable. For example a 5,000-passenger ship is more lucrative than two 2,500 sized passenger ships. RCCI has 4 Oasis-class ships ($1 billion plus building cost) including the Symphony of the Seas. Size is 230,000 gross tons. It will be in operation by next year. 

Aloha -- Cathi