Crunching some numbers... BusinessWeek's articl
Post# of 11107
Posted On: 10/13/2014 4:22:50 PM
Crunching some numbers...
BusinessWeek's article regarding PVEI's cruise operation between Palm Beach and Nassau...
http://investing.businessweek.com/research/ma...253_4858-1
...includes some additional tidbits regarding the other cruise ship at the Port, the Bahamas Celebration. Specifically, the number of passengers carried by the Celebration. For the period 10/1/2013 through 8/30/2014, just over 330,000 passengers used the service (which goes to Freeport, Bahamas).
Based on today's PR, the itinerary for PVEI's cruise is a two-night affair, similar to the Celebration's two-night itinerary:
http://www.bahamascelebration.com/Cruises-Cel...-Line.html
Pricing for the Celebration's itinerary starts at $119 per person for the "interior coach" cabin, and runs up to $389 per person for the "deluxe suite" cabin:
http://www.bahamascelebration.com/Rates-Celeb...-Line.html
Now, here's my oversimplified speculation. If PVEI's cruise were to get 100,000 of those passengers at an average of $159 per person (derived from Celebration's lowest 5 pricing tiers), that's $15.9 million dollars in gross revenue for the season. Throw in the top 3 pricing tiers, and it's a bit more.
Just having some fun playing with numbers!
BusinessWeek's article regarding PVEI's cruise operation between Palm Beach and Nassau...
http://investing.businessweek.com/research/ma...253_4858-1
...includes some additional tidbits regarding the other cruise ship at the Port, the Bahamas Celebration. Specifically, the number of passengers carried by the Celebration. For the period 10/1/2013 through 8/30/2014, just over 330,000 passengers used the service (which goes to Freeport, Bahamas).
Based on today's PR, the itinerary for PVEI's cruise is a two-night affair, similar to the Celebration's two-night itinerary:
http://www.bahamascelebration.com/Cruises-Cel...-Line.html
Pricing for the Celebration's itinerary starts at $119 per person for the "interior coach" cabin, and runs up to $389 per person for the "deluxe suite" cabin:
http://www.bahamascelebration.com/Rates-Celeb...-Line.html
Now, here's my oversimplified speculation. If PVEI's cruise were to get 100,000 of those passengers at an average of $159 per person (derived from Celebration's lowest 5 pricing tiers), that's $15.9 million dollars in gross revenue for the season. Throw in the top 3 pricing tiers, and it's a bit more.
Just having some fun playing with numbers!
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