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Joe at TravelPage.com
RegardsPaulo Mestre
"Royal Caribbean announced record third-quarter results earlier this week. Net income increased 18.5% to $201.5 million, inthe third quarter of 2000, compared to $170.0 million, in the same quarter of 1999.
Revenues were $835.2 million for the third quarter of 2000, as compared with $734.5 million for the same quarter in 1999. The increase in revenues is attributable to a 17.9% increase in capacity primarily as a result of Voyager of the Seas and Millennium joining the fleet. Occupancy for the quarter was 109.7%, up slightly from last year's 109.0%."
Sympatico, I recall that only about 10% of vacations are cruises, so there is room for more growth. However, I agree that it will not last forever. One day there will be a lot of empty cabins and fantastic discounts available!
One final thought - I bet that these new 'giants' will not last as long as the likes of the QE2 and Norway. Maybe they will one day be replaced with smaller ships as the 'tide turns', so to speak?
4,613,560 Gross Tons of Newbuilds over the next five years!
That's 108,426 passengers
Which is very approximately 54,000 new cabins
Just think of all that fun!
(O.K, I know, I need to get out more )
So make the most of the QE2, Norway, Rembrant etc while we still have them.
quote:4,613,560 Gross Tons of Newbuilds
1 day of cruising = 1 pound weight gain
Personally I always feel that the 'fat' half are so much more persuasive than the 'fit' half
(Maybe the sea air just makes all our cloths shrink?)
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