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As an example, Carnival’s newest ship, Carnival Celebration, cost $900 million to build. With a maximum of 6500 passengers, this brings the price per berth to around $138,000. It’s likely that Royal Caribbean’s Icon of the Seas will become the most expensive cruise ship ever built. Early estimates of the build are around $2 billion, but an exact number is not yet known.
Costs of Different Types of Cruises
Your port spending also includes things you do in port like catching a taxi to a beach, food and drink at a restaurant, or buying souvenirs. Rates vary across cruise lines, but are usually around $15 per person, per day. So a couple traveling on a seven-day cruise will pay about $200 in gratuities. These days gratuities are automatically charged to your account; everyone pays them.
Additional Cruise Expenses to Consider
In addition, these older ships have the least amount of crew members to pay. I realize this is a high-level assumption, as one could argue that Royal Caribbean International is cheaper to operate per guest than Celebrity Cruises and SilverSea. Premium and luxury cruise brands are more expensive and likely require more operational spending on a guest-level. Royal Caribbean is the world’s largest cruise brand and currently operates 26 ships in their fleet. In 2024, this number will increase to 28 ships with the addition of Icon of the Seas in January and Utopia of the Seas in July. In addition to paying crew and paying for fuel to help power the ship, the cruise line has to buy food supplies, pay travel agents their commission, and more.
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Building a new cruise ship from scratch is a substantial investment in terms of time, resources, and capital. In a rapidly evolving travel industry, cruise ship companies recognize the importance of staying competitive. Renovations allow them to modernize their fleets and remain relevant in a market where travelers seek novel experiences and amenities.
It includes everything from money spent gambling in the casino to alcohol, specialty restaurants, cruise line shore excursions, and even the souvenirs you buy in the gift shop. We get into all the details of how much a cruise costs — and exactly where you’ll spend money — below. Wonder of the Seas, the line's newest ship, is the second-most-expensive ship at a construction cost of approximately $1.35 billion.
Profit Margins Of Cruise Ships
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Building a cruise ship is a complex endeavor influenced by a multitude of factors that significantly impact the final cost. From the ship’s size to the intricacies of its design, various elements contribute to the expenses involved in creating these ocean-faring marvels. Ships need to have a wow factor to be appealing to guests and bring in the highest cruise fare.
The cost to maintain a cruise ship depends on the size of the vessel, its age, and the complexity of its features. All of these measures help reduce the overall cost of fueling a cruise ship and make cruising much more affordable for passengers. Fuel efficiency is also an important factor when operating a cruise ship. Modern vessels are equipped with modern engines and propulsion systems that are designed to conserve fuel and reduce emissions. Many ports also offer tax exemptions and other financial incentives that lower the overall cost of fueling a cruise ship. Cruise ships are a major source of tourism and income for the ports they visit, so governments often provide incentives to cruise lines to encourage them to purchase fuel from their port.
It's also interesting to look at the Celebration cost per cabin. Some quick math shows that Carnival paid roughly $379k per cabin for this ship. It's also interesting to look at the Ovation of the Seas cost per cabin. Some quick math shows that Royal Caribbean paid roughly $574k per cabin for this ship. It's also interesting to look at the MSC Seashore cost per cabin. Some quick math shows that MSC paid roughly $557k per cabin for this ship.
Fuel is expensive, and cruise ships spend huge amounts on it – more on that below. Cruiseprices generally start at a base rate of $1,290 per person according to CruiseMarket Watch 2018. On average a cruise fare is estimated to be between$150-$240 a day not including gratuities or on-board spending. The mostluxurious of suites can set passengers back $10,000 US a night such as theRegent Suite on the Seven Seas Explorer. The Seven Seas Explorer operated by Regent, is the world’s most luxurious and expensive ship for passengers to cruise with only 750 on board guests residing in their own private luxury suite. The ship’s Regent Suite is the most prestigious and expensive cabin available on a cruise ship.
The size of a cruise ship is perhaps the most obvious determinant of its construction cost. Larger vessels require more materials and labor, resulting in higher expenses. Moreover, a ship’s passenger capacity also plays a crucial role. Cruise ship construction costs have evolved significantly over time.
When Carnival Destiny, for instance, was overhauled and transformed into Carnival Sunshine, it cost the cruise line a reported $155 million. And when Royal Caribbean's Freedom of the Seas underwent the cruise line's Royal Amplification program, they spent around $116 to upgrade the ship. It begins with the steel cutting ceremony and is followed by the laying down of the kneel, which is the lowest part of the ship.
Royal Caribbean’s Oasis of the Seas, for example, completed a $165 million amplification in 2019. This modernized the ship by adding new activities like waterslides, additional dining venues and lounges, and new cabins. Royal Caribbean has a spacious innovation lab for use throughout the research process. It includes a virtual reality room where designers can immerse themselves “inside” the cruise ship’s design. You also won’t need to contend with lost luggage if you live on a ship.
The cruise ship AIDAnova launched in 2018 by Carnival Cruises at a cost of $950 million. Specifically, the ship measures 1,106 feet long and weighs 183,858 gross tons. Astonishingly, the maximum passenger capacity is 6,654, plus a crew complement of 1,646. Importantly, it is the world’s first cruise ship that operates completely on liquified natural gas.
Another famous example is the "Fun Ship 1.0" upgrades of all old Carnival Fantasy-class fleet - 8 ships, USD 250 million. RCCL's Celebrity Cruises started its over USD 200 million one-ship-per-year renovation program in 2010 (including 4 Millennium-class liners). As a rule of thumb, we estimate a budget of about $50 per person, per port of call. For instance, cruise line private islands often have much of what you need already included. Other ports might include a stop at a restaurant, some souvenir shopping, and buying drinks.
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