Transparency is not a word that comes to mind when trying to track cruise industry investments by private equity firms. With few exceptions, they clam up. Perhaps it is because their investments did not turn out, or more likely, that they made out like bandits.
An ambitious turn-around plan in the works for three years is starting to bear fruit as Hurtigruten has returned to profitability, ordered new ships, and has its eyes firmly set on the high-risk/high-reward expedition market, according to CEO Daniel Skjeldam.
Cornelius (Neal) Gallagher, associate vice president of food and beverage operations, is starting year two of a three-year strategic food and beverage plan at Celebrity Cruises that includes everything from fruit in staterooms to flair bartending, menu development and slow-cooking.