PortEconomics members Thanos Pallis and Aimilia Papachristou contribute to the International Encyclopedia of Transportation with a chapter in Cruise Industry.
Their chapter details the key features of modern cruise shipping, a maritime activity of continuous growth for more than three decades. Following a definition of modern cruising and a presentation of the levels of its uninterrupted and, seemingly, unstoppable growth and globalisation, it analysis the most vital trends in cruise, including the modern geography of cruise shipping, the presence of economies of scale, the observed market segmentation market concentration, and the variety of source markets. Attention then turns to cruise ports and destinations that have strived to benefit by the financial benefits that cruise calls are associated with, and the recent reforms that they have applied and some key operational issues. The last part of the chapter discusses the inevitable sustainability challenges. Reversing social perceptions, and minimizing environmental and other externalities emerge as vital issues to be resolved in order to achieve sustainable growth of cruising around the globe.
Encyclopedia of Transportation (eds Roger Vickerman, imprint: Elsevier) – containing almost 600 articles – brings a cross-cutting and integrated approach to all aspects of transportation from a variety of interdisciplinary fields including engineering, operations research, economics, geography and sociology in order to understand the changes taking place.
Find more on the Encyclopedia of Transportation here, while you can freely download Thanos’ and Aimilia’s book chapter (authors’ version).
