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Showing posts with the label Mitsui O.S.K.

THE RISE AND FALL AND RISE OF LUXURY CRUISE LINES

Yesterday was one of those postings that never ended.  I went on tangential tours and finally crashed to a conclusion as I was falling asleep.  Hope to clean up the typos soon. I sometimes tend to be spiritual on Sundays, but today will reflect on why luxury cruise lines tend to now and then go bankrupt.  After all, Jesus Christ was born, lived, crucified and was resurrected. The prime example was the demise of the very successful Crystal cruises. Very early in 2022 I was planning on a fall trip and thought maybe I'd work in a European river cruise with Crystal.  These tend to be be around 10 days long and on Crystal, maybe $12,000 for two. That is the amount we would have lost, although there are indications that  you can recover most of that if you take five future trips with them . So here is what went wrong with Crystal. The pandemic was not kind to the parent company of Crystal,  Genting Hong Kong . Their first cruise line was Star Cruises in 1993. They purchased Norwegian Cru