Tuesday, November 6, 2007

Is Cruising's Future in Time Shares?

The cruise ship Pacific Aurora was recently purchased an renovated by a company called Maritime Growth Ventures (MGV) out of Canada in partnership with a company called Euro Oceans. Cabins will be sold as timeshares on this small 90 passenger, 1100 ton ship that will sale in Canadian waters. It will be interesting to see where this goes and how it may shape the future of cruising. Could we see a 110,000 ton 2500 passenger time share docked next to the Carnival's and Royal Caribbeans in the future? Just this spring a public filing with the SEC for MGV which details out the plans of the company. Being a fairly new venture, information on the Internet seems to be scarce. I could not find anything in the line of pricing other without having to call or email someone. Who knows, it may be one of those things where if I have to ask, then I probably cant afford it. Anyone interested in this can go to cruiseshares.com and see what they have to offer. Many of the links on the site require an access code that you have to email or call to get.

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