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This Seems Impossible


DGivot

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23 hours ago, smokeybandit said:

Say RC ships average 5000 passengers.  That's only $200 per day to get to $1 million revenue to offset it.

 

Obviously onboard expenses are only a portion of the total expenses.

After subtracting overhead costs, a ship will make out with roughly $291 in net profit per passenger, per cruise. That means that at full capacity, a single ship like Royal Caribbean's Symphony of the Seas might make $9.8m in revenue ($1.7m of which is profit) during one 7-day excursion.

 

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On 12/26/2022 at 9:41 AM, ChessE4 said:

Royal gets maybe 150 per person from us for room and a cut from excursions. With taxes and occasional purchase 175 per person per day.

With you being below average total spenders, it's very easy to get to an average of $200-$250 per day (for 5000 or 4000 passengers).

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On 12/26/2022 at 9:04 AM, TXcruzer said:

It is very accurate.
Now imagine having a large percentage of those expenses for 18 months and not being permitted to produce revenue……..

"A large percentage" ??? Those ships probably cost less than 5% without the passengers/entertainment/food costs

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5 hours ago, HeWhoWaits said:

With you being below average total spenders, it's very easy to get to an average of $200-$250 per day (for 5000 or 4000 passengers).

For many, the spend is over $1,500 a day, and once I factor in what a Four Seasons and flights would cost as an alternative, it still represents great value.

I suspect it is the suites that make this model viable (just like biz and 1st class for airlines). 

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19 hours ago, BMW Hoosier said:

And that is roughly $1,000 per seven days and that is close to their bottom end pricing. 

Yes, we spent more when our son was younger.  With all of the families traveling, the per-room average is probably above what a couple like us would spend. Also, we have upgraded rooms over the years, again increasing Royal's revenue.

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3 hours ago, miloomar said:

"A large percentage" ??? Those ships probably cost less than 5% without the passengers/entertainment/food costs

You are very much mistaken. The note to the bank was still being paid, fuel costs never stopped, crew on the ships were paid, they were fed, they received medical care...................It wouldn't take much to look up the cash "burn rate" per month during the lockdown

Never-mind, I found it, burn rate throughout the lockdown was $250 -$290 million per month.

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