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Real Estate Condo Cruise Ships |
Ten million people worldwide take cruises each year and 80 percent of them are Americans. Today's cruise market can't keep up with the...
demand. Many cruise ships are leaving port with 104 percent occupancy and travel agencies are telling customers to book cruises at least six months in advance. The ships keep getting bigger and bigger to address the huge shortage in cabins. As the cruise lines add larger ships, they retire the smaller ones.
These ships still have over 20 or 30 years of life left in them and can accommodate several hundred passengers in great comfort. The idea is take a retired cruise ship and convert every two to three cabins into luxury suites and sell them to investors.
Luxury cruise ships are not your typical 3,000- passenger mega-ships. They sport first-class amenities and have more personal service. They cater to the wealthy and many passengers arrive at the terminal by limousine.
Luxury cruise prices range from under $400 to $1000 per person, per day, according to Cruise Lines International Association (CLIA), the industry's leading trade organization.
And the industry is not dependent on the baby boomers. It's a fact that there are 700,000 more millionaires in America this year than there were at the same time just last year. The trend has continued for the past three years and is expected to continue for years to come, and real estate is a staple in the investment portfolios of many of these nouveau riche. |
