Cruise industry profit margins declining with rising costs, warns cruise expert

Published on : Thursday, February 14, 2013

The international cruise industry must proactively face up to its challenges and respond openly to criticism, according to a leading expert in the sector. “After years of continued growth, the stretchmarks are starting to show,” Professor Alexis Papathanassis, from the University of Applied Sciences in Bremerhaven, Germany, warned at the 20th World Travel Monitor Forum. Profit margins are characterised by a declining trend whilst (particularly fuel) costs are rising; working and pay conditions are increasingly being questioned, and the sector’s environmental practices and economic impact for destinations are under public scrutiny, he stated. The renowned cruise industry expert warned that the sector was sailing towards serious challenges and potential criticism from customers, suppliers, investors and the media in future unless it changed course in time. Source:- Cruise Experts

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