In-house destinations are becoming increasingly necessary amid rising fuel costs and port restrictions. Cruise companies like Carnival and Royal Caribbean are investing heavily in exclusive beachfront properties.
The vast majority of people love the islands, indicating that these private destinations are not just profitable but also immensely popular with travelers, providing safe and convenient getaways.
Michael Bayley, president of Royal Caribbean, reported that their investment of $350 million in CocoCay had exceptionally high financial returns, driven by robust demand from repeat travelers.
Cruise lines collectively own 17 ports and private destinations in the Caribbean. As operating costs rise, this private island trend is becoming crucial for profitability in the industry.
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