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Crystal Cruises is an American cruise line. It was founded in 1988 by Japanese shipping company Nippon Yusen Kaisha , and sold to Hong Kong -headquartered conglomerate Genting Hong Kong in 2015. Following insolvency in 2022, the Crystal Cruises brand and two cruise ships were bought by A&K Travel Group, to recommence operations in 2023, with ...
In June 2022, the Lefebvre D'Ovidio family's Abercrombie&Kent Travel Group (A&K Travel Group) bought Crystal Cruises and its two ocean vessels, Crystal Serenity and Crystal Symphony. [7] [12] In the same plan, A&K acquired Cox and King, the world's oldest tour operator and Ecoventura, a company operating its own fleet in the Galapagos Islands ...
On June 22, 2022, it was announced that A&K Travel Group had purchased the brand and two ocean vessels of the bankrupt cruise line, intending to return the ships to service in 2023. [9] The Crystal Symphony was acquired for $25 million.
A&K Travel Group Ltd (2022-present) Operator: Crystal Cruises (2003-present) Port of registry: Nassau, Bahamas: Ordered: 7 November 2000: Builder: Chantiers de l'Atlantique, St. Nazaire, France: Cost: US$350 million: Laid down: 13 June 2002: Launched: 10 August 2002: Christened: 3 July 2003 [1] by Dame Julie Andrews: Completed: 30 June 2003 ...
As of 2021, the cruise industry was estimated to be around US$ 23.8 billion with 13.9 million passengers per year. The following is a list of the largest cruise lines with over 1,000 passengers per year and their market share by passengers and revenue as of 2021 according to Cruise Market Watch.
Historically, the cruise ship business has been volatile. The ships are large capital investments with high operating costs. A persistent decrease in bookings can put a company in financial jeopardy. Cruise lines have sold, renovated, or renamed their ships to keep up with travel trends. Cruise lines operate their ships almost constantly.