Cruise Inc., Big Money on The High Seas Essay Example | Topics and Well Written Essays - 1250 words

Cruise Inc., Big Money on The High Seas - Essay ExampleThese portions mainly includes, casino, bar, obtain mall, art auction and the speciality time outaurants. After the sales of bookings, these parts of the cruise help NCL to generate the desired amount of revenue. However, the initial revenue generator is the approximately(prenominal) important part to increase productivity for NCL because if the cruise has on-board passengers then it will acquire the opportunity to sell its services on better prices. NCL does stresses its focus upon the favorableness and losses in terms of finance but the productivity of NCL cannot entirely be measured on the basis of its financial profits and losses. The biggest reason for this is risks which are involved in the cruising business in which a single normal challenge like rain or liquor shortage can toll significant losses to NCL. In these regards the productivity which is importantly important for NCL is not entirely measured in terms of total profits made. It incorporates the season, profits and losses, guest responses to service and most importantly the overall sales from each section of the journey. Question 2 The major target population for NCL is the middle economic class. The biggest reason for this is the severe economic crisis which every individual and state is going through. In fulfilling its aim to seek the attention of middle economic class, range of bookings and services megabuckss varies from significantly reasonable and affordable prices to immensely elevated and high prices. Despite of prices, the service package which is provided by NCL to its customers is highly sufficient and captivating for consumers. The service package mainly includes resort, shopping mall, a total of eleven restaurants which varies in several distinct food styles, live entertainment shows of professional standards, along with a casino and a bar. These services are offered to customers while travelling in the cruise. However, the service package of NCL also includes its stop at a town where numerous entertainment activities ship all of consumers with specialty food. Lastly, NCL is the only cruise liner which owns a private island for the betterment of its service and for successfully thrives in the industry against its giant competitors. The service package provided by NCL to customers also includes a day at this privately owned island which is entirely designed to elevate the cruising experience of its customers in terms of quality. Question 3 In the steadily growing cruising industry, there are three major competitors which strive to thrive more efficiently into the business of cruising. Among the three well cognize corporations, fifty percent of the market in the cruising industry is captured under the giant cruising corporation called Carnival Corporation. It is followed by another cruising giant, Royal Caribbean Cruises which is dominating on the rest of thirty percent of cruising market. The rem aining twenty percent of industrys market is owned by NCL that signifies the importance of competition for NCL to survive in the industry. For NCL, the war-ridden priorities are entirely based on the expansion of its cruising business by acquiring more customers to consume the services provided by this corporation. To attract consumers is the one of the most important segment because these consumers are the main source of profit for any cruising company. If more consumers will be acquired