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Navigating Debt and Investments in the Cruise Industry
The chapter explores the financial dynamics of major cruise companies like Carnival, Royal Caribbean, and Virgin Voyages, emphasizing Royal Caribbean's prowess in debt management and marketing strategies. It discusses the challenges of high debt levels in the industry and how companies like Carnival are actively working to reduce their debt post-COVID. The focus is on balancing debt reduction with investments to stay competitive, with a spotlight on assets like cruise ships in the companies' balance sheets.