For decades, Crystal Cruises has had just two luxury cruise ships, but with the recent sale of the cruise line to the Genting Group, things will change. Most passengers and industry insiders wondered why the company never expanded. The new company has big plans for Crystal, including two new ocean liners, two river ships, a yacht, and a 787 jet configured for just 60 passengers, for round the world travel. Oh, they will also have residential suites on the new ships, from 600-4000 square feet, for those with unlimited funds who are just having too much fun to ever get off the ship. The ships are being built in Germany, and the first one is expected to hit the water in 2018. That's all we know for now. Crystal is keeping a tight lid on their plans. I was interested in the company that bought Crystal, so after a bit of research, here's what I know.
The Genting Group is a Malaysian conglomerate. It was founded in 1965 by the late Malaysian entrepreneur Tan Sri Lim Goh Tong. The Ganting Group develops, operates and markets casinos and resorts all over the world. The group employs over 58,000 globally. They own 41 casinos in the UK alone. Their revenue is over 17 billion annually. Additionally, they're involved in projects at Aqueduct Race Track in New York, and are working on a 14 acre project in Biscayne Bay in Miami. They have ventured into biotech and real estate development. They're a truly global company, and it appears Crystal should be an important part of their portfolio.
Competition makes every company work harder for your business, so this expansion should be good for cruising. I can't wait to try them out!
Monday, September 7, 2015
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