Cruise lines invest in private Caribbean islands to boost revenue by avoiding fees and taxes.

Major cruise lines, including Royal Caribbean, Carnival, and Norwegian, are investing in private island destinations in the Caribbean to enhance revenue by avoiding passenger fees and taxes. Royal Caribbean's $250 million "Perfect Day at CocoCay" has notably increased ticket revenues by 43% since 2019. This trend has led to a rise in private island visits and significant growth in the sector, while some public Caribbean destinations face declining cruise visits.

October 29, 2024
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