Cruise Industry Research Paper Example | Topics and Well Written Essays - 2000 words

sheet Industry - Research Paper ExampleThe global economy is passing through the recession with senior high levels of unemployment as well as fluctuating oil prices. Though the traditional market for the sheet assiduity i.e. North America is making an economic recovery, however, conditions in Europe are relatively discouraging imputable to sovereign debt issues as well as low economic growth. Thus the strategy of developing semipermanent sustainability of the industry may face setbacks as it may fail to find lucrative and profitable alternate destinations.An overall international political purlieu is relatively volatile too with potential threats of terrorism as well as pirates. There has been an increased activity of pirates especially in Somalia region with the possibility that much(prenominal) activities may be started in other areas too. Since both the cruise liners i.e. CCL and RCL also operate in non-US areas also, therefore, the fluctuations in the foreign currency values can also adversely affect the revenue of both the cruise liners.There have been concerns over the environmental protection and the potential role of cruisers in disturbing the ecosystem of the sea. It is also because of this footing that the overall regulatory environment for cruise liners may become tough. It is also because of this link between environment and cruise industry that it has been attracting negative publicity. Various environmentalist groups are advocating against the industry due to the potential deterioration that could be done to the environment.