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...estimated 13 million cruisers set sail in 2008, and the Cruise Lines International Association says cruising has grown worldwide 7% on average each year for the past 20 years. But industry executives believe the market is underpenetrated--if so, it must be one of the few markets left that is--with only 20% of Americans having ever taken a cruise. Robin Farley, an analyst at UBS, says only 5% of vacationers opt for cruises each year, "just larger than the number of people who go to Branson...
Your ticket accounts for more than 70% of revenue--Royal Caribbean had sales of $6.5 billion last year, with $574 million in earnings--and ancillary charges, easily paid with a swipe of your onboard ID, made up about a quarter of those revenues. In the past 10 years, the ships have added acupuncture, personal trainers, spinning classes and premium restaurants. One line even offers Botox treatments. The bigger the boat, the more opportunities, which is why Kochneff, for one, expects cruise companies to introduce more sea monsters like Oasis...
...opening speech, Cambridge Mayor E. Denise Simmons said that 10 years have elapsed since the city first publicly acknowledged the consequences of climate change. This past May, the Cambridge City Council officially recognized climate change as an “emergency,” and plans to hold a city-wide climate congress has been in the works since Thanksgiving...
...lauding the Obama administration (and awarding it the Nobel Peace Prize) for “change,” then perhaps we should equally shake up our holiday traditions. In holiday seasons past, many of us have grown accustomed to shopping for gifts only for ourselves and those close to us. This year, let’s have Santa re-direct our Christmas presents to help President Obama get a jump-start on his proposed initiatives—those who are able should take a new approach to presents this year by donating time or money to a charity...
...This little exhibit is simply one little step for Harvard in what it’s done in the past for the environment,” said Zofnass, who is the president and founder of the Environmental Financial Consulting Group Inc., a New York City firm that advises environmental and engineering/consulting firms...