RETAIL & LEISURE PROPERTY
LEISURE ASSIGNMENT
CRUISES
SUBMITTED BY RP21003- NIDHI SHARMA
RP21016- PALKI JAIN
RP21018- SAYALI
AYALI TAMBOSKAR
RP21029- SHUBHI SHARMA
28TH FEBRUARY 2023
1. DEFINITION - Cruises are a unique format of real estate development that involves
constructing large, floating vessels that offer a variety of amenities and services, including
dining, entertainment, and accommodations. These vessels are designed to take passengers on
extended voyages to different destinations around the world, providing a unique travel
experience that combines luxury and adventure.
2. UNIQUENESS What sets cruises apart as a type of leisure real estate is their combination of mobility and
luxury. Unlike traditional vacation properties that are fixed in one location, cruises offer the
opportunity to travel to multiple destinations while enjoying all the amenities of a luxury resort.
Whether it's exploring exotic ports of call, relaxing by the pool, or enjoying world-class dining
and entertainment, a cruise offers a unique and unforgettable vacation experience. Additionally,
the all-inclusive packages and various ownership programs available make cruises an attractive
option for investors and vacation property owners alike. With so much to offer, it's no wonder
that cruises have become such a popular choice for leisure travel in recent years.
3. SUBTYPES OF CRUISES AS REAL ESTATEThere are several subtypes of cruises as a type of leisure real estate, each offering a unique
vacation experience. HSere are some examples:
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Ocean cruises: These are the most common type of cruise, featuring large ships that travel
across oceans and visit a variety of ports of call. Ocean cruises are popular among families and
couples, and offer a wide range of activities and entertainment options.
River cruises: These cruises travel along rivers, such as the Danube or the Nile, and typically visit
smaller ports of call that are not accessible by larger ships. River cruises are often more focused
on cultural experiences, such as sightseeing and local cuisine.
Expedition cruises: These cruises are designed for travellers who want to explore remote and
exotic destinations, such as the Galapagos Islands or Antarctica. Expedition cruises often feature
smaller ships that can navigate narrow waterways and offer specialized activities such as
kayaking and wildlife viewing.
Luxury cruises: These cruises are designed for travellers who want the ultimate in luxury and
pampering. They typically feature smaller ships with a high crew-to-passenger ratio, and offer
gourmet dining, personalized service, and exclusive shore excursions.
Theme cruises: These cruises cater to specific interests or hobbies, such as food and wine,
music, or wellness. Theme cruises often feature special guest speakers or performers, and offer
onboard activities and workshops related to the theme.
4. PROJECT –
a) INTERNATIONAL
Royal Caribbean's Symphony of the Seas
One example of a project that fits the given format is the Royal Caribbean's Symphony of the
Seas, which is the largest cruise ship in the world. The ship is located primarily in the Caribbean
but also travels to other destinations around the world.
The Symphony of the Seas is a massive ship that measures 1,188 feet in length and 215 feet in
height. It has a passenger capacity of 6,680 and a crew of 2,200. The ship features a wide range
of amenities and entertainment options, including:
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Project detail –
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20 restaurants and bars
2,759 cabins, including suites and staterooms with balconies.
Multiple pools and whirlpools
A full-size basketball court, ice-skating rink, and mini-golf course
A 10-story slide, zip line, and surf simulator
Broadway-style shows, live music, and comedy performances.
The Symphony of the Seas also
features several unique selling
points that make it stand out
from other cruise ships.
For example: The ship has the
world's tallest slide at sea,
called the Ultimate Abyss,
which is a 10-story slide that
provides a thrilling ride for
passengers.
The ship features a robotic bar,
where passengers can place
orders for drinks and watch as
robots mix and serve their cocktails. The ship has an innovative mobile app that allows passengers to
book dining reservations, purchase shore excursions, and view their daily schedule from their
Smartphone or tablet.
Overall, the Symphony of the Seas is a one-of-a-kind project that offers a unique and unforgettable
vacation experience for travellers. Its massive size, wide range of amenities, and innovative features
make it a popular choice for families, couples, and travellers of all age.
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b) NATIONAL
Deltin Cruise, Mandovi, Goa
Deltin Cruise is a luxury leisure real estate property that operates on the Mandovi River in Goa,
India. The cruise ship features a casino, multiple restaurants and bars, a swimming pool, and a spa,
making it a popular vacation destination for travelers looking for a unique and luxurious experience.
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Location: Deltin Cruise operates on the Mandovi River in Goa, India, which is a popular tourist
destination known for its beaches, nightlife, and Portuguese architecture. The ship is moored
near the Panaji Jetty, which provides easy access to the city's attractions.
Project Details: Deltin Cruise is a luxury cruise ship that offers a wide range of amenities and
entertainment options for passengers. The ship features a 24-hour casino, which is one of the
largest in India, with multiple gaming tables and slot machines. The ship also features multiple
restaurants and bars, including a fine-dining restaurant, a sports bar, and a poolside bar.
In addition to its dining and gaming options, Deltin Cruise also offers a variety of leisure activities
for passengers. The ship has a swimming pool and a jacuzzi, as well as a spa and a fitness center.
Passengers can also enjoy live music and entertainment shows on board.
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USPs: One of the unique selling points of Deltin Cruise is its 24-hour casino, which offers a wide
range of gaming options for guests. The ship also features multiple restaurants and bars, which
provide a variety of dining and entertainment options. Additionally, the ship's location on the
Mandovi River provides a unique and scenic setting for guests to enjoy.
Impact on local economy: Deltin Cruise has had a positive impact on the local economy in Goa,
as it has created jobs for local residents and brought in tourism revenue. The ship also supports
local businesses by sourcing its food and supplies from local suppliers.
Conclusion: Overall, Deltin Cruise is an effective leisure real estate property that provides a
unique and luxurious vacation experience for travelers. Its wide range of amenities and
entertainment options, as well as its location on the Mandovi River, make it a popular choice for
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tourists visiting Goa. The ship has also had a positive impact on the local economy, creating jobs
and supporting local businesses
5. CONCLUSION
Cruise ships are a unique form of leisure real estate development that offer many advantages over
traditional vacation properties. For example, cruise ships are highly mobile, which allows owners and
investors to reach multiple destinations and explore new places without having to commit to a single
location. This mobility also allows for a wider customer base, as people from all over the world can
take a cruise and experience different cultures and environments.
Additionally, the all-inclusive packages offered by many cruise lines provide a level of convenience
that is hard to match with traditional vacation properties. With everything from meals to
entertainment included, cruise passengers can relax and enjoy their vacation without worrying
about planning or expenses.
Challenges - However, there are also some potential drawbacks to the cruise model as a real estate
development. One of the biggest challenges is the high cost of building and maintaining a cruise ship,
which can limit the number of developers and investors who can enter the market. Additionally, the
environmental impact of cruise ships, including issues such as waste disposal and emissions, has
become a growing concern in recent years.
Despite these challenges, the cruise model remains a popular and effective form of leisure real
estate development. As long as developers and investors are able to address the challenges and
concerns associated with cruise ships, they can continue to provide a unique and valuable vacation
experience for travellers around the world.
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