Long-term outlook for the cruise industry is quite rosy as more consumers seek experiences rather than goods, according to David Beckel, senior equity analyst with Sanford C. Bernstein
"Eschewing material goods for memories and time with family ... clearly benefits the cruise industry," he told TradeWinds today while at Seatrade Cruise Global in Fort Lauderdale, Florida.
Also, the prevalance of babyboomers and millennials as the industry's two largest customer classes helps the sector's ongoing and expected future success, he said.
