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00:00:00 – 00:10:58
The video discusses why MSC Cruises are known for their affordability compared to other cruise lines. The speaker highlights MSC's low prices, inclusive packages, and the Mediterranean Shipping Group's ownership. MSC optimizes its costs by managing the passenger to crew ratio, maximizing onboard guests, and offering various add-ons. The company's long-term profitability focus allows for reinvestment and expansion. Although MSC offers budget-friendly deals on older ships, newer ships provide more modern amenities. The European market presence of MSC is noted, with a focus on clear budgeting for additional services when booking with MSC Cruises.
00:00:00
In this segment, the speaker discusses why MSC cruises are known for being cheap compared to other cruise lines. MSC cruises offer low fares that often include add-ons like basic Wi-Fi and drink packages. Despite being budget-friendly, MSC cruises are owned by the largest privately owned Cruise Line globally, the Mediterranean Shipping Group. They have over 22 cruise ships and offer cruises leaving from various US ports. The speaker compares MSC cruise prices to other popular cruise lines, showing the significant price difference. MSC’s ability to offer low prices is attributed to their financial strategies and aggressive marketing to grow market share.
00:03:00
In this segment of the video, it is discussed how cruise lines like MSC manage their payroll costs by controlling the passenger to crew ratio. MSC aims to keep costs down by maximizing the number of guests on board while also reducing cabin sizes to accommodate more passengers. By optimizing crew costs and revenue generation through passenger numbers and space usage, cruise lines such as MSC can offer competitive pricing to lead the market. Various ratios are compared to gauge efficiency, with MSC’s passenger to crew ratio being highlighted as significant for cost management in the competitive cruise industry.
00:06:00
In this segment of the video, the key points are:
– MSC Cruises uses low prices as part of their marketing strategy to achieve rapid growth and market share.
– MSC Cruises is part of the MSC Group, a shipping conglomerate with substantial assets estimated to be worth a hundred billion dollars.
– The company is privately held and can focus on long-term profitability rather than short-term earnings, enabling them to reinvest funds for expansion.
– MSC Cruises upsells onboard services like drink packages, Wi-Fi, excursions, specialty dining, and entertainment.
– Guests can choose from various add-on packages, creating something for every budget and preference.
– MSC Cruises offers five distinct experiences for guests to choose from, allowing customization of the cruise experience.
– Cruise deals on older MSC ships often provide the best value.
00:09:00
In this part of the video, it is mentioned that MSC Cruises has older ships in its fleet, with some dating back to at least 10 years. The older ships offer classic cruise experiences at bargain prices but may lack newer amenities like water parks and slides. While the basics like food, entertainment, and cabin options are provided, additional perks come at an extra cost. Upgrades and packages can be purchased, but these can add to the overall price. The presence of MSC Cruises in the European market is highlighted, with newer ships being praised for their design and spaciousness. However, food options and service are areas for improvement. MSC Cruises are known for their affordability but may not offer as many bonus features compared to other cruise lines. Clear expectations and budgeting for add-ons are essential when booking with MSC Cruises.