Jacqui Llyod: Cruise Association CEO on next season's expected downturn after this season's success
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The cruise-ship season success is being celebrated, but there's concern next season could hit an iceberg. Ships have brought in 350,000 visitors with an estimated value of $540 million. However, a 20% decline in port visits is projected for next season as rising costs bite the market. Cruise Association Chief Executive Jacqui Lloyd told Andrew Dickens that there are multiple issues at play. She says geopolitical reasons don't help, with issues in the Red Sea and the conflict between Russia and Ukraine all contributing. LISTEN ABOVE See omnystudio.com/listener for privacy information.
