56 The onboard activities are varied Carnival offers water parks on select

56 the onboard activities are varied carnival offers

This preview shows page 11 - 13 out of 45 pages.

56 The onboard activities are varied. Carnival offers water parks on select ships on top of normal onboard cruise line activities, 57 while Norwegian’s entertainment consists simply of spas, bars, and casinos. 58 Carnival is also looking to release more onboard activities on their new ship, the Vista, which will have the first Imax Theater at sea and a sky ride course. 59 2.3 Economic Climate and Outlook 2.3.1 United States Despite facing domestic economic challenges, which emerged from factors including low interest rates, widespread mortgage lending, and excessive risk taking in the financial sector, the U.S. economy is still one of the largest economies in the World. 60 The U.S. economy represents about 20% of total global output, and currently has the sixth highest per capita GDP of $53,042. 61 Accounting for approximately 80% of its output is its highly expanded and technologically advanced services sector. 62 Service oriented companies including areas of healthcare, retail, technology, and financial services play a large role in dominating the domestic and global stage. The U.S. is the second largest manufacturer in the world, primarily comprised of the automobile, aerospace, machinery, telecommunications, and chemicals industries. 63 GDP growth for 2014 as a whole was the strongest in four years at 2.4%. 64 The steep fall in gas prices along with a decline in the unemployment rates should revitalize private consumption and sustain growth in the upcoming terms. 65 The U.S. is the second leading exporter of goods and services in the world and number one leading importer. 66 As recent years have shown a declining dependence on foreign oil, the trade deficit of high domestic demand for consumer goods produced abroad has decreased as a result. 55 56 Ibid. 57 58 59 ; sweeping-­‐ocean-­‐views-­‐at-­‐every-­‐turn-­‐will-­‐also-­‐feature-­‐high-­‐altitude-­‐sky-­‐ride-­‐and-­‐worlds-­‐first-­‐imax-­‐theatre-­‐at-­‐sea-­‐ 300024644.html 60 61 Ibid. 62 Ibid. 63 . 64 65 Ibid. 66
Image of page 11
8 According to the Cruise Lines International Association (CLIA), a data release in September 2014 showed that the North American cruise industry continued to expand in 2013, contributing to employment, income, and other economic benefits throughout the U.S.
Image of page 12
Image of page 13

You've reached the end of your free preview.

Want to read all 45 pages?

  • Spring '07
  • Loster
  • ........., Carnival Cruise Lines, Cruise ship, cruise line, Holland America Line

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture