If we enter into a deflationary economy.
The tourist industry will get butchered, they rely on disposable income from customers. In a deflationary environment(tight money) customers have less income for non essential businesses like cruise ships.
Plus their customer base is old, eventually old people die, which means no more cruise vacation for the dead person.
Oh, I don’t know about that. A cruise on the mid-range Brands is no more expensive than staying at a decent hotel. The great thing about cruising is that you can completely and totally shut your brain off. I will be the first to acknowledge the parts of the industry are kind of garish, but cruises are an excellent value. They are not for everyone, but they are a pretty simple way to have a very low-think vacation.
Plus their customer base is old, eventually old people die, which means no more cruise vacation for the dead person.
I agree; which makes me wonder how long the creditors are going to allow this to go on. - Tom