Cruise line eyes bigger slice of the pie

(CNS Business): Royal Caribbean’s ‘Double-Double Program’, a new three-year profitability initiative that aims to double earnings per share and increase the company’s return on capital to double-digits by 2017, may have a negative impact on cruise ports, including Grand Cayman, according to a Canadian academic who researches the cruise industry. Memorial University of Newfoundland Professor Ross Klein believes the initiative, which was announced during Royal Caribbean’s stockholders meeting in July, could impact cruise destinations because part of the strategy is to encourage on-board spending. Read more and comment on CNS Business