buddy its Bruce here with travelling of Bruce today's story is about what is
gonna happen to Cruise Lines now that the oil industry is under attack in
Saudi Arabia is this good or bad for cruise lines and what about for cruisers
by the way thank you everybody for giving my videos thumbs ups and
subscribing to my channel I really appreciate it
welcome one welcome all first thing we have to worry about is if these oil
facilities in the setting in Saudi Arabia are being attacked does this mean
the price of fuel goes up for our automobiles secondly airline fares are
they gonna start to go up and is it going to become a little more expensive
for us to get to our cruise ship if we want to go on a cruise we have to get to
the ship in the first place and whether the ship is leaving from Miami or Los
Angeles or somewhere in Europe we have to find a way to get there and it might
be too costly for us going forward in some cases to get to where we have to go
now cruise ships themselves they use a lot
of oil to power their ships they're using tons and tons of fuel per voyage
and of course the more expensive it becomes for a cruise line to fill up its
own gas tank the likelihood is that the cruise line is going to end up charging
us more to go on a cruise other than that the only other option is the cruise
line we'll have to cut back the distance these ships sail between sailings now
other problems the cruise lines could be having here are self-inflicted right
here is an example cruise lines are building all kinds of new cruise ships
all these shipyards around the world in Germany and Finland and everywhere else
there are a ton of cruise ships being constructed right now for passengers
cruise lines themselves have got at least 128 ships on order and that's
gonna add to capacity and that could be a problem for cruise lines going forward
the other issue is there are other cruise lines coming into business
Richard Branson and the virgin voyages cruise line that they're coming out
February 2020 that is only six months away when the Scarlet lady cruise ship
the first of four are going to hit the water
and start to offer sailings out of Miami we also have the ritz-carlton hotel
chain they're bringing out a series of ships and other boutique lines are
bringing out cruise ships to compete with the major so we're gonna have to
follow all of this to see how the cruise lines cope our Cruise Line is going to
start to retire old 25 year old cruise ships to sort of keep capacity in check
are they gonna redeploy ships it's already been happening we're gonna
follow this closely now here's the upside for the cruise business first of
all all these brand new cruise ships that are coming out for the existing
cruise lines they're being financed at record low interest rates they've
already locked in their interest rate financing very affordable number two
this area right here the Middle East Cruise Lines will avoid this area they
don't have to sail here they've already backed out of commitments into Dubai
this year they're not going to Muscat they're in Oman they're not gonna go to
Bahrain or Qatar what the cruise lines are doing is they're going to
concentrate here they're gonna concentrate here in the Caribbean area
they're gonna sail closer to the USA and North America they're gonna utilize
their private islands these private islands remember are less than a hundred
and fifty two hundred miles away from Miami you don't need a lot of fuel to
get a cruise ship to these private islands the other thing we also know is
the cruise lines have started to make announcements in the case of Royal
Caribbean in particular that at Koko K they're going to start doing overnights
and so you're gonna be able to get on a cruise ship for a five night sailing two
of those nights you're gonna be at Koko K right here that means the ship isn't
going anywhere it's only gonna burn enough fuel to keep the air-conditioning
running keep the kitchens going keep the lights on but they're not gonna burn a
lot of fuel out at sea and this allows the Cruise Line to save a lot of money
and yet still charge premium prices for their onshore attraction of course the
other thing that cruise lines have done with these brand-new ships and all the
new innovations is they're making it much more enjoyable to stay on the ship
not even bother getting off the ship and so cruise lines are
in a fact capturing their clients and having them enjoy all the amenities on
board the ships spending money on board the cruise line in keeping the casino
open on sea days obviously and maximizing revenues from drink packages
and everything else by the way did you hear celebrity over the weekend quietly
stopped offering movies for free inside their Suites you want to watch a movie
now 15 bucks is the cost to watch a movie on demand onboard celebrity cruise
ships this was slipped in very quietly a couple of days ago
of course cruise lines are now offering high-speed Internet and so you can in
effect watch your Netflix channel on board the cruise ship the catch is you
talk in twenty five bucks a day for the privilege of having high-speed internet
and so the cruise line wins one way or the other
in any event this is a way that cruise lines can avoid getting caught with
higher oil prices a lower demand perhaps from customers offer value on board the
ships offer all kinds of amenities on the on board the ships keep the ships in
safe waters and sail shorter cruises in other words to private islands and North
American destinations Alaska cruise is very profitable of course because the
cruise lines stay very close to Seattle Vancouver and Anchorage safe waters and
inexpensive to operate in North America so there you go cruise lines have
figured out a way to sort of protect themselves from a possible recession or
spike in fuel prices even though new ships are under order coming out quickly
and other cruise lines are coming in to the end of the business those who are
established and have their clientele they know what they're doing and they're
going to stay on top of these trends and probably offer us better deals for
shoppers like us cruisers could be the greatest thing ever we might be able to
find even better deals than we have found in the past we'll keep an eye on
it obviously I will for sure I hope you enjoyed this video if you did give it a
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