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Old May 3rd, 2005, 10:00 PM
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Default Question About Cruise Activity Profits

I have heard some discussion about the profitability of certain activities on cruise ships. I have no idea if it is a fact, but I have been told that profits from the casino are enough to pay the wages for the whole crew. Also, I do believe that the money made from bingo goes a long way towards paying for the entertainment staff.

I would appreciate your comments.
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Old May 4th, 2005, 12:02 AM
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Default Re: Question About Cruise Activity Profits

Paul.. I have naturally never seen any actual numbers however looking at the complete package I don't think the ship's income and expenses can be capsilzed quite that easily.

While the cruise lines are making money, they certainly don't make a "gazillion" dollars every sailing. They are public companies, and their complete financials are available on a regular basis.

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Old May 4th, 2005, 05:22 AM
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Default Re: Question About Cruise Activity Profits

I think I *personally* pay for several crew members with my bingo dollars!

dorothy

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Old May 4th, 2005, 08:15 AM
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Default Re: Question About Cruise Activity Profits

What about the passengers who DON'T gamble ?
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Old May 4th, 2005, 08:37 AM
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Default Re: Question About Cruise Activity Profits

I looked at RCI's investor relations page on their website last year and dug pretty deep into it. What I discovered, basically, was that they profit approximately $250,000 per 7 day sailing. If you look at their net operating income, the number of ships, the occupancy rates, etc. you can do the math.

At that income rate, if they haul 2000 people per sailing, they are profiting about $125 per person. Now if they have a problem, and give a $100 per person ship board credit, or refund, you can see that sailing made little if any profit.

Regards,
Thomas

P.S. As a side note, RCI operates at about a 10% margin, whereas Carnival is closer to 25%.
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Old May 4th, 2005, 11:37 AM
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Default Re: Question About Cruise Activity Profits

Thomas,
Since you've done such good homework on this, what do you suppose accounts for the differance in profitability between RCI and Carnival. Volume alone? Doesn't seem it could make that degree of differance. Interesting. Thanks for sharing.
Magnolia Blossom
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Old May 4th, 2005, 12:24 PM
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Default Re: Question About Cruise Activity Profits

In my opinion Carnival is a better run organization, and the bottom line reflects this.

Carnival has ships in about every port so they can attract the drive up crowd. They have many brands which appeal to most every personal preference for cruising. They react faster to customer's needs. They refurbish their older ships sooner and more often. They have larger cabins and make it a point to advertise this.

No matter what type of cruise you want, or where you want to go, Carnival Corp. has one for you. You want lively nightlife, Las Vegas shows, adult comedians, to Antigua and Barbados...........they've got one. You want all inclusive, laid back relaxed, no kids, to Belize and Panama........they've got one.

I like RCI's product, and their ships are better designed IMO, but I don't think the corporation is operated as effectively as CCL.

Regards,
Thomas (who thinks RCI committed the worst corp. blunder by letting P&O cruises go to CCL)
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