Cunard warns of slowdown in cruise industry growth
There will be a slowdown in the cruise market in 2012, one of the prominent industry representatives has warned. Peter Shanks, president and managing director of Cunard Line, told the annual gala dinner of the Passenger Shipping Association, which represents cruise and ferry companies operating in the UK: “There is no question that economic times are extraordinarily hard. We will see a slowdown in 2012; the market will be flat.”
Paradoxically, however, this could have a positive effect. “Fundamentally the cruise market remains extremely confident. Having a breather is no bad thing. It will allow the prices to stabilise,” he said.
[pictured: “The Most Famous Ocean Liners In The World”, Cunard Line]