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Royal Caribbean Cruises exercises option for second Genesis ship
Monday, April 02, 2007
The option to build a second ship in its Genesis Project have been exercised by Royal Caribbean Cruises. Destined to become the 24th ship in the Royal Caribbean International fleet, the 5,400-guest, 220,000-gross-registered-ton ship would be built at Aker Yards in Finland, with delivery projected for August, 2010.

Like the prototype ship due out in Fall, 2009, the second Project Genesis ship will be a trailblazer in cruise-ship and vacation innovation. New icons and amenities will continue to challenge and expand guests` expectations of cruising, and the latest technology and design will continue to increase efficiencies.

The company estimates the all-in cost of the ship will be approximately $260,000 per berth. The contract is contingent on the completion of customary financing.
Vicky Karantzavelou - Monday, April 02, 2007
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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