By Eric Goldring
This morning Norwegian Cruise Lines announced it was purchasing Prestige Cruise Holdings, owner of Regent Seven Seas Cruises and Oceania Cruises for US$3.025 billion dollars including both cash and debt with another $50 million payable to Prestige’s shareholders if certain performance targets are met in 2015. What does it mean
It has taken some time, but a change in philosophy by some and perceptions by others it seems is finally taking hold. When Regent Seven Seas was purchased by Apollo Management and then folded into Prestige Cruise Holdings (which also owns Oceania Cruise Lines) there as uproar by Regent loyalists.
Every time I go to post something about Silversea Cruise Line, something else comes about that makes me shake my head. Not so long ago I posted about the Prince Albert II making a big play in Tahiti and French Polynesia. Well, scratch that out. That itinerary has been pulled.
I have hesitated to write about the effects of this poor economy on the cruise lines themselves because, in large part, we really don’t know what the long term effects will be. While the issues of last minute discounts and more close-in bookings (ala post 9/11) on less than full
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