Case assignment: “The real world of business models” Cruise line industry Carnival Cruise Lines Royal Caribbean Cruises Princess Cruises I. History With the development of the global transportation network‚ world becomes more and more smaller. Not only does the airline industry become popular‚ but also the cruise industry is given more attention. Comparing with airline industry‚ cruise line can bring a lot of fun‚ such as a disco‚ casino‚ movie theater‚ and nightclubs. The most interesting
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Coast4life Inc. Prepared for: Coast4Life’s board of directors Prepared by: Pat Brown‚ CMA Date: January 24‚ 2014 Introduction: Cruise industry is facing a worldwide downturn after terrorist attack in Caribbean in Sep. 30‚ 2010 and the decline in bookings of cruises next year implies that the cruise revenues may shrink worldwide. Financial analysis for the year ended 2012(appendix1) Current ratio of 1.59 indicates that the company can meet its short term obligations. There is a 48% improvement
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Bambi H. Walton Columbia College BUSI 510 Dr. Jeffrey Snider Executive Summary While over the years‚ Carnival has seen tremendous growth‚ in more recent years‚ profitability is decreasing and the fate of the cruise industry rests on the shoulders of Carnival and other cruise lines. In order to grasp this understanding fully‚ this report will look into Carnival’s background and what problems are plaguing not only this company‚ but also others in the industry. The market structure of the organization
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fun. I was surrounded by people that I loved and I couldn’t have asked for anything more. The fun began on Friday when I went to Disney World for my class trip. It wasn’t my first time going to Disney world but it was my first time going with my friends‚ and I have to say that I finally had time to just unwind and be myself. One wouldn’t think that there is much to do Disney world‚ being that we were all seventeen and way past the age to go meet and greet with Mickey. But we actually enjoyed bringing
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woodlands and wetlands are giving way to new developments. New entertainment theme parks open on a regular basis. Beautiful beaches all over Florida have seen dramatic changes. As these changes take place‚ new problems arise. Bars‚ restaurants and hotels line the roadways. As these areas expand‚ they move closer to our residential neighborhoods‚ exposing sounds of loud music‚ traffic and machinery to adjacent homes. If gone unchecked by the local governments‚ the quality of life of the residents will decline
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presentation Carnival Corporation & PLC Carnival Cruise Line was founded in 1972 by Ted Arison‚ a former executive of norwegian cruise lines‚ and Meshulam Riklis‚ of american international travel services. After a year’s worth of incurred debt‚ Arison bought out Rilklis’s share of the company and it began to thrive. Carnival Corporation & PLC is now headquartered in Miami‚ Florida and considered the world’s largest travel leisure company offering cruise vacations to some of the most desired destinations
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converted it into the first vessel for their cruise line. Since then‚ Carnival Corporation has grown into the world’s largest cruise line with Ted Arison’s son Mickey Arison taking over as CEO of the Corporation. Carnival has cruise brands that offer a broad range of travel from contemporary to luxury to fit everyone’s budget. Carnival currently has six cruise brands. Those include Carnival Cruises (family Caribbean vacations)‚ Holland America (luxury cruises)‚ Cunard (ocean liner service)‚ Costa Crociere
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the leading company within the cruise line industry‚ has a large fleet capacity and operates 11 of most recognizable cruise brand names. The cruise line industry is effectively an oligopoly market; in which the market is shared by a small number of producers or sellers. Carnival is constantly engaged in marketing and pricing battles with their competitors‚ making internal rival central to the industry. They are only few large competitors in the North American cruise industry. One reason for so
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Resort A cruise is defined as “to make a trip by sea in a liner for pleasure‚ usually calling at a number of ports.” It is similar to a mobile resort (Dowling‚ 2006‚ p. 1). Why be on land when there is an option to travel on top of the beautiful ocean waters? The cruise industry has grown phenomenally in the last thirty-six years-from a mere half-million people a year in 1970 to over 10 million in 2006 (Dickinson & Vladimir‚ 2008‚ p. 33). Today most people would rather go on a cruise instead of
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4156924 In the case of Kirby vs. Carnival‚ I hold Carnival Cruise Lines responsible for her injury. There are several reasons why‚ first the bartender is responsible for her overall consumptions of alcohol‚ there is a history of guests that have either fallen or jumped over board and finally there is the fact that carnival never took it upon themselves to call for air lift transportation to the nearest hospital. Bartenders at Carnival Cruise Lines rely on big tabs and tips to make their earnings. Since
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