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Forecasting for the Love Boat: Royal Caribbean Cruises in 1998(

Forecasting for the Love Boat: Royal Caribbean Cruises in 1998(

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Who’s OnboardObviously different types of cruises attract different types of customers.None<strong>the</strong>less, certa<strong>in</strong> demographic profiles are most likely to take a cruise. The tablebelow compares <strong>the</strong> demographic profile of those who have taken a cruise with <strong>the</strong> entireU.S. population over <strong>the</strong> age of 24. Generally, <strong>the</strong> population of past cruisers is older,wealthier and better educated than <strong>the</strong> entire population.DemographicProfileGender:Age:MaritalStatus:HouseholdComposition:Education:HouseholdIncome:MaleFemale25-under 40 years40-59 years60 years or olderAverageMedianMarriedNot MarriedHave childrenunder 18Adults onlyEver Cruised49%51%27%42%32%51 yrs.51 yrs.76%24%Past 5 YearCruisers51%48%28%42%30%50 yrs.51 yrs.78%22%Populationover Age 2450%49%43%44%13%43 yrs.42 yrs.69%31%37%63%35%65%54%46%Occupants 3 3 3Some College orless42% 36% 54%College Graduate or 58% 64% 46%more$20,000-$29,999$30,000-$39,999$40,000-$59,999$60,000-$99,999$100,000 or moreAverageMedian8%12%32%28%20%$72,600$58,5005%10%31%30%25%$79,100$64,50013%17%31%29%9%$60,400$51,800Exam<strong>in</strong><strong>in</strong>g those who have cruised most recently reveals a few different types ofcustomers, as <strong>the</strong> figure below illustrates, but most seek <strong>the</strong> relaxation and pamper<strong>in</strong>gthat a cruise can provide. Indeed, when <strong>the</strong> recent cruiser population was asked whatcruis<strong>in</strong>g offered that was superior to o<strong>the</strong>r types of vacations, <strong>the</strong> top three responseswere “be<strong>in</strong>g pamper,” “f<strong>in</strong>e d<strong>in</strong><strong>in</strong>g” and “hassle free.”

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