Go Back   CruiseMates Cruise Community and Forums > People > Chit - Chat for Cruisers
Register Forgot Password?

Chit - Chat for Cruisers Open Forum for non-cruise posts. Please refrain from inflammatory rhetoric that could be considered offensive. We reserve the right to edit or delete for any reason.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old May 3rd, 2005, 09:00 PM
Paul B's Avatar
Senior Member
Admiral
 
Join Date: May 2001
Posts: 2,834
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.
Reply With Quote
Sponsored Links
  #2 (permalink)  
Old May 3rd, 2005, 11:02 PM
Kuki's Avatar
Moderator
Admiral
 
Join Date: Aug 2000
Location: Right here :)
Posts: 22,384
Send a message via AIM to Kuki
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.

__________________
C U @ C,
Kuki
CruiseMates' Staff Writer
- The Kuki Side of Cruising-
A new Blog post every Wednesday
http://www.cruisemates.com/blog/author/kuki/
Reply With Quote
  #3 (permalink)  
Old May 4th, 2005, 04:22 AM
Dorothy's Avatar
Senior Member
Admiral
 
Join Date: Apr 2001
Location: Atlanta
Posts: 4,239
Default Re: Question About Cruise Activity Profits

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

dorothy

__________________

Carnival Elation
Carnival Elation March 11
Carnival Imagination Sept 07
Carniival Sensation Dec 06
RCI Sovereign of the Seas Sept 06
Carnival Miracle Sept 05
Carnival Glory Sept 04
Carnival Fantasy Jan 04
Reply With Quote
  #4 (permalink)  
Old May 4th, 2005, 07:15 AM
Sea Trekker's Avatar
Senior Member
Admiral
 
Join Date: Mar 2004
Posts: 1,937
Send a message via AIM to Sea Trekker
Default Re: Question About Cruise Activity Profits

What about the passengers who DON'T gamble ?
Reply With Quote
  #5 (permalink)  
Old May 4th, 2005, 07:37 AM
Senior Member
Admiral
 
Join Date: Dec 2001
Location: My GPS says 12 ft. above 6 ft. under!
Posts: 7,269
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%.
Reply With Quote
  #6 (permalink)  
Old May 4th, 2005, 10:37 AM
Senior Member
Captain
 
Join Date: Mar 2005
Location: Central Louisiana
Posts: 965
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
Reply With Quote
  #7 (permalink)  
Old May 4th, 2005, 11:24 AM
Senior Member
Admiral
 
Join Date: Dec 2001
Location: My GPS says 12 ft. above 6 ft. under!
Posts: 7,269
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)
Reply With Quote
Reply

Bookmarks

Similar Threads
Thread Thread Starter Forum Replies Last Post
Activity question colorcrazie Crewmembers 0 October 18th, 2007 01:50 PM
Pride of Aloha Daytime Activity Question MichelleC Norwegian Cruise Lines 4 March 30th, 2005 07:06 PM
Adult Cruise Activity chip Singles 7 March 20th, 2005 08:43 PM
Survey, Cruise Ship Profits Paul B Chit - Chat for Cruisers 6 March 12th, 2004 07:33 PM
Cruise Ship profits?? jeff Celebrity 1 April 8th, 2001 02:14 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


 

All times are GMT -4. The time now is 10:11 AM.
design by: Themes by Design

Powered by vBulletin® Version 3.8.7 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.1