A Boat-full of Potential - Renewed Interest in the #Cruise
Industry Bolsters #Luxury #Markets
(OTC: $MASN) (NYSE: $CCL)(NYSE: $CUK) (NYSE: $RCL)
(NYSE: $NCLH) @MaisonLuxeInc @CarnivalPLC @RoyalCaribbean @CruiseNorwegian
Vancouver,
Kelowna, Delta, BC November 2, 2022 - Investorideas.com, a
leading investor news resource covering luxury goods and cruise ship stocks
releases a special report featuring Maison
Luxe, Inc. (OTC:
MASN), a company that offers luxury retail consumer
items. Both the luxury cruise ship
market and by proxy, the luxury goods sector are set for upward momentum as the
global tourism and luxury markets begin to rebound post-pandemic.
Read this article,
featuring MASN in full at https://www.investorideas.com/news/2022/luxury-brand-retail/11021Cruise-Industry-Bolsters-Luxury-Markets.asp
A
recent
Travelpulse news article its reported, “not
only is the global cruise industry
bouncing back from its pandemic-era slump, it’s being forecast to reach new
highs over the next six years,” says one US-based market research and
intelligence company.
According
to a new report from Grand
View Research, Inc., the global cruise market is expected to
be worth $15.1 billion by 2028. That figure is based on a compound annual
growth rate (CAGR) of 11 percent that’s predicted for the forecast period
between 2022 and 2028. By comparison, the global cruise market’s 2022 size
valuation is $7.67 billion.
Grand
View Research stated that this degree of market growth is being markedly driven
by the rising popularity of themed cruises that attract a range of traveler
types. The special-interest onboard programming offered during themed cruises
likely adds extra appeal to time spent at sea, on top of the destinations.
Maison Luxe, Inc. (OTC:
MASN), an emerging leader in the global custom luxury goods
marketplace just announced the
Company has expanded its relationship with Princess World Jewelers and completed
an inventory stocking of Princess World Jewelers' Caribbean location in
anticipation of the upcoming cruise ship season. The Caribbean location is an
add-on to the Company’s previously announced partnership with Princess to
showcase a selection of fine timepieces for their showrooms in Alaska. The
initial retail stocking of more than $500,000 of luxury timepieces in the
Caribbean location is nearly double the Company’s prior arrangement. Princess
World Jewelers, with retail locations in Alaska and the Caribbean, caters primarily to cruise ship passengers.
Maison
Luxe CEO, Anil Idnani stated “We are excited to continue to expand our
placement of luxury timepieces with Princess World Jewelers, a significant
player in the duty-free port and cruise ship marketplace. I am delighted with
our association with Princess World, and as cruise ship passenger travel
continues to rebound, we expect to further grow our relationship with Princess
World.”
Princess
World Jewelers has over 30 years of retail presence in both the Caribbean and
Alaska, specializing in the duty-free ports and cruise ship industries. The
Company engaged in a partnership for the Alaska season and both parties have
worked diligently to set up a successful allocation for their upcoming
Caribbean season.
This
follows the company’s previous announcement of its plans to expand upon its
agreement with Signet International Group (SignetInternationalGroup.com), a
leading player in the marketing and distribution of luxury branded products
primarily to the cruise industry.
Idnani
commented, “After the first full year of our Signet Partnership, we look
forward to increasing our exposure with Signet, and expanding the company’s
reach in the cruise ship industry. Signet’s cruise partners provide a
tremendous opportunity to showcase quality luxury items to leisure travelers
worldwide. We believe the resilience of
the cruise industry will pave the way for a post -COVID-19 recovery and we are
well positioned with existing customers in the travel sector.”
Carnival
Corporation & plc (NYSE:CCL)(NYSE:CUK), the
world's largest cruise company, recently
announced plans to expand the program for installation of Air
Lubrication Systems (ALS) to a majority of the cruise line brands in its fleet
through 2027, which is expected to generate significant savings in fuel
consumption and carbon emissions by reducing hull drag by approximately 5% per
ship.
Carnival
Corporation is currently installing the Silverstream® System ALS on five total
ships, including two ships in 2022 for its Princess Cruises and P&O Cruises
(UK) brands. In addition, the company is planning at least 10 more
installations for existing and newbuild ships across more than half of its
cruise line brands, and it expects continued expansion of the ALS program over
time. The expansion plans build on the success of four systems currently
operating on ships from its AIDA Cruises and Princess Cruise brands.
"The
installation of air lubrication technology is another example of our ongoing
efforts to drive energy efficiency and reduce fuel consumption and emissions
throughout our fleet," said Bill Burke, Chief Maritime Officer for
Carnival Corporation. "We look forward to expanding the ALS program and
furthering our long-term sustainability strategy to continually invest in a
broad range of energy reduction initiatives, which has included over $350
million invested in energy efficiency improvements since 2016."
A
recent Zack’s
article discussed how the sector is expected to grow and
earnings are looking positive as, “Wall Street will be looking for positivity
from Carnival as it approaches its next earnings report date. The company is
expected to report EPS of -$0.79, up 54.07% from the prior-year quarter.
Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of
$4.1 billion, up 218.86% from the year-ago period. The Leisure and Recreation
Services industry is part of the Consumer Discretionary sector. This industry
currently has a Zacks Industry Rank of 129, which puts it in the bottom 49% of
all 250+ industries.”
In
other
recent news, and fresh off the heels of revealing the
first look at Icon
of the Seas, Royal Caribbean International, owned by Royal Caribbean Group (NYSE:
RCL),
saw its single largest booking day in its 53-year history when reservations
opened for the cruise line's first Icon Class ship. Icon first made headlines
on Thursday, Oct. 20, when Royal Caribbean unveiled the new ship as the
vacation industry's first-of-its-kind combination of the best of every
vacation. From the beach retreat to the resort escape and the theme park
adventure, with Icon, every kind of family and adventurer can experience their
version of the ultimate family vacation.
"The
enthusiasm and excitement for Icon are undeniable in more ways than one,"
said Michael Bayley, President and CEO, Royal Caribbean International.
"The incredible response we have received from our loyal guests,
vacationers new to cruising, crew members and travel partners continues to come
in, and this is just the beginning. We can't wait to share more of what Icon
has in store in the coming months."
The
ultimate family vacation features an all-encompassing lineup of firsts and
next-level favorites across eight neighborhoods, making it the perfect getaway
for adults and parents, kids and grandparents alike. Between the
adrenaline-pumping thrills at the new Thrill Island and unrivaled ways to chill
at neighborhoods like the new Chill Island and the luxurious four-level Suite
Neighborhood, vacationers bonding with their families or getting away with
friends will have all the ways to stay and play their way. With 28
room categories that range from standard rooms to suites
and new layouts for families of three, four, five, six and more, even the
accommodations on Icon are thoughtfully designed for every type of vacationer –
and there are more choices, ocean views and rooms than ever before.
Oceania
Cruises, the world's leading culinary and destination-focused cruise line owned
by Norwegian Cruise Line Holdings Ltd. (NYSE:
NCLH) recently
unveiled its 2024-2025 Tropics and Exotics Collection of
itineraries, which open for sale on November 2, 2022.
The
new collection of 157 voyages spans seven continents and ranges from 7 to 200
days in length. Featuring more than 300 ports of call, the collection includes
14 new off-the-beaten-path ports. With 30% to 50% more time in port than
premium lines, the itineraries include an astounding 451 overnight stays across
123 voyages.
"This
new collection of itineraries showcases iconic ports of call along with a
wealth of opportunities to explore corners of the globe nearly untouched by
tourism, and with seven brand-new or better-than-new ships, the journey will be
just as rewarding as the destinations," stated Howard Sherman, President
and CEO of Oceania Cruises.
As
the cruise industry pushes full steam ahead, we can expect companies like
Maison Luxe and other luxury goods companies to benefit from the bounce back of
the global luxury tourism industry. While this uptick in bookings may be
temporary, as we have all learned the future of tourism is no longer certain in
a post-pandemic world, for right now, both investors and customers alike have
renewed interest in this sector which is a great thing for the cruise industry
and those companies around it.
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