Consider Enhancing Privilege Status Elite Group Cruise Ship Problem Normal Way Business 20 Q34296735

Do you consider enhancing the privilege status such as the EliteGroup on a cruise ship is a problem or the normal way of doingbusiness in 2019 and beyond?

Expert Answer

As per myself, I think that enhancing the privileged status on acruise ship is a viable business proposition as that would involveoffering more number of additional value-added services. Alsothrough this, the pricing can be further improved and thus themargins on the business would get enhanced providing greaterreturns to the business and the investor. Since in this class, theelasticity of demand with change in prices is low, the pricing canbe significantly improved