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These Billionaire Owners Of Luxury Hotels Plan To Start Cruise Ship Operators

By Luca Casiraghi, Olivia Raimonde and Sabah Meddings (Bloomberg) –There was no Broadway show, mini golf or video arcades on board the Ritz-Carlton yacht which set sail from Barcelona in October on its maiden voyage. Guests were instead entertained by jazz musicians, an on-board art collection, and a shop stocked with $30,000 Birkin handbags.  Welcome to cruising for the rich.  The push by Marriott International Inc., the world’s biggest hotel group and Ritz-Carlton owner, into luxury cruising is part of a new wave of high-end operators targeting the wealthy. As existing operators battle to pay down debts incurred during Covid and...

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