American Safari Cruises is deferring entry into the Hawaii inter-island cruise market until a time when the capital funding markets and the overall U.S. economy improve, announces Capt. Dan Blanchard, president and CEO.

Although response from both consumers and travel agents to the first-ever yacht cruises in Hawaii is positive, the dramatic downturn in the capital markets, plus escalating fuel costs and higher air fares calls for a delay in the company's expansion plans. "It's the wise and prudent thing to do," Blanchard says. "We plan to inaugurate our Hawaii cruises when liquidity returns to the capital markets."

Guests who are booked for Hawaii cruises will receive full refunds, future cruise savings of 15 percent and allowances for air ticketing. They also will be given first priority to secure space in American Safari Cruises' other active warm water destination, Mexico's Sea of Cort├ęs. The 22-guest Safari Quest begins the eighth season in Mexico Nov. 13 with seven- or nine-night sailings through April 7, 2009. Re-accommodated Hawaii guests will also receive a $250 per person air credit.