What a Cruise May Tell
Real Estate Analysis Limited
humble author recently embarked on a Mediterranean cruise and the ship is a
relative sizable one which can hold up to some 3300 passengers.
first evening, there would be a welcoming show on board and the cruise
director mentioned collectively we were an international bunch. He also had
statistics to back up the claim. Being an analyst, paying attention to
numbers is almost second nature to your humble author. Here are some of the
salient (rounded) figures which were based on the passports used for
From Mainland China,
Taiwan, and Hong Kong = around 40 people
From South Korea =
Malaysia, the Philippines etc = around 30
From Vietnam, India
etc = around 20
From Australia and New
Zealand = around 200
that means there were around 120 people from Asia and 320 if the South
Pacific region is included. Now, more numbers:
From the UK = around
From the rest of
Europe such as France, Germany, Italy (Rome was the embarkation port),
Spain, Russia, Norway, Portugal, Austria, Sweden, Switzerland, Poland etc =
such, there would probably be around 500 Europeans on board.
From Canada = some 400
From the USA = some
From other parts of
the Americas = around 200
there would be around 2400 from the Americas. Remaining groups consist of
passengers from Africa, the Middle East, and the like, including a few
places which one may not often hear of. In short, and using a rounded
overall figure of 3300 passengers, the Americas constitute around 73% of the
total passenger population, with the USA alone accounting for 55%.
However, one statistic, not yet mentioned in the above, stood out and was a
bit surprising: Japan = 1.
Naturally, it would not be rational to draw any concrete conclusion about
global economies from cruise statistics and for that matter, from just one
cruise. Nonetheless, there could be a bit of insight:
relative basis, the North Americas*, and in particular the USA, are not
having too bad a time compared to Europe
= which actually should have fielded more passengers with shorter flight
distances [12 hours typical for Canadians and Americans flying from the East
Coast whereas Europeans tend to face anything from 0 hours ¡V if one lives in
Rome ¡V to no more than 5 hours]. Also, some countries in South America are
performing very well e.g. Brazil [18 to 20 hour flights].
really in a deep hole
= based on memory, one would normally find say 20 to 30 passengers from
Japan given cruises of similar size. 1 does probably indicate its rather
dire circumstances after the recent quake and nuclear plant incident.
seems to be doing relatively well
= given its population is
only 1/10 of the USA, it has field more than its share of passengers on
board as 400 Canadians to 1800 Americans is 1 to 4.50.
accounts for more than its share of passengers among Europeans
= fielding more than half the European passenger population.
Collectively, the major English speaking countries still contributed the
bulk of the passenger population (at least for this cruise)
= more than 80% of the
has been written about global economics recently and several themes are
often touted e.g. the prospective BRIC and emerging economies, prosperous
Asia, the dreaded PIIGS, the demise of the US$, and the like.
that these do not hold water and indeed some of the emerging markets are
very promising, not to mention the dangers which many developed economies
face, yet to the cruise ship and its parent company, the English speaking
crowd from developed countries is still bread and butter, notwithstanding
rising popularity among non-English speaking emerging countries.
*Note: there could be a bias factor here as the cruise line
is an American one.
The article and/or content contained herein are for general reference only
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