How Will the Cruise Industry Fare in This Current Economic Environment?
Comments by Gerry Cahill, president and CEO, Carnival Cruise Lines Editor’s Note: In his first appearance at Seatrade’s “State of the Industry” panel discussion, Cahill — newly appointed at Carnival’s top executive — showed a good sense of humor. Cahill recently took over for Bob Dickinson, the line’s former president and CEO, who retired late last year. Dickinson was a fixture at past Seatrade conferences for his hard-hitting and free-wheeling comments. At right, Cahill is shown with his Bob Dickinson mask! Here are Cahill’s comments… If anybody looks at the news today, we’re flooded with information about the state of the economy. Unfortunately, all of the information that we hear and read today is negative. Clearly, the U.S. Dollar has sunk to a historic low against many currencies. The housing market is in sort of a downward spiral. And now the job market has also fallen. And on top of that U.S. consumers are paying more at the gas pump to fill up their cars and they’re paying
