Notwithstanding the Covid-19 pandemic, the cruise market is expected to bounce back in 2021. With clients excited to get to back to cruising, the cruise lines are being optimistic about positive response and booking in the upcoming year. Are you not sure if investing in cruise vessels for sale is going to be the right choice? Do you think its market is in a downturn? Well, before you believe rumours, you should consult with the expert who is well-versed and know about this market much better than any layman would. For now, you can also read this blog and get an idea about the current picture. In this blog, we bust the top cruise myths. So, buckle up for an interesting read.
Growing millennial customers –
If you thought the appeal of cruising was restricted to the retired older adults, then you are totally mistaken. Millennial customers are steadily developing a fascination about cruising and hopping abroad thereby boosting the worldwide cruise industry in the global leisure travel market. To enjoy all-in-one experiences right from dining options to several forms of entertainment, millennial customers have shown serious interests in going for cruising during their holidays. The demand is so high that operators of the Oceania Cruises and Norwegian Cruise Line have considered the construction of more ships.
Spending power of baby boomers –
Yes, millennial customers are certainly transforming the face of the cruise industry, but there is no ignoring the importance of senior adults. It may come as a surprise to many, but the fact is that the baby boomers enjoy a buying power worth about $2.6 trillion. Today, boomers can be divided broadly into two categories – first, they are still working and earning; second, they have already built wealth and are now on spending sprees. With this increased spending power in hand, more and more people from this group are inclined towards cruising. For all these reasons, spending on cruise vessels for sale could actually bring in great returns for most ship-owners.
Increased passenger capacity –
During the pre-covid times, most cruises were operating at 100% capacity and even struggled to keep up with the growing demand. But with the outbreak of the global pandemic, many cruise lines limited the capacity and number of passengers on their ships as a safety measure. Now, you may think that’s a point of concern, but the picture is not entirely gloomy. As the vaccine is on the horizon, chances are high this restriction on capacity would be lifted soon. Also, with the bookings growing so rapidly, it seems that nothing can stop travellers from going cruising in the upcoming year.
Conclusion –
So, there you have got them all – the facts about the current cruise industry. No matter what the critics say, you should know what to take and what to leave. Misguidance can prevent you from making the right business decision and thus push you away from lucrative opportunities. Given such stakes involved, you should not take it lightly and consult with a shipbroking firm before you buy cruise vessels for sale. At Norwegian Ship Sales, the expert team can render useful advice and assist you throughout this exercise. So, to reach out to the professionals, call @ +47 6754 1925 / +47 9177 6183.
