Interview with Royal Caribbean Chairman Richard Fain
Royal Caribbean chairman Richard Fain sat down with Smart Money for a question and answer session to talk about the state of Royal Caribbean today. Here are a few of the questions of particular interest.
SmartMoney: Historically, cruises have been cheaper than vacations on land. Has the gap narrowed?
A cruise is still a better value. It frustrates me that [so many people] haven't cruised. Eighty percent of Americans haven't taken a cruise!
SmartMoney: Asia has the growth everyone wants. You have done little there.
We are getting to that point. The Chinese government in particular has made a decision that cruise tours are good for the country. They have started making investments in port facilities. [Our participation] couldn't have come much earlier.
You can read the entire interview here