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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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LifestyleCruise Industry
Europe

Cruise ship that lets you live onboard for 3 years for $38,000 per year will accommodate more passengers

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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June 29, 2023, 11:48 AM ET
Life at Sea cruises, which will host a three year cruise for $30,000 per year, is taking on more passengers.
Life at Sea cruises, which will host a three year cruise for $30,000 per year, is taking on more passengers.Getty Images
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Apparently, the number of people who want to sail away from their lives is bigger than expected.

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Life at Sea cruises, which announced plans for a three-year world cruise that will cover over 130,000 miles and hit all seven continents and 135 countries in March, says it has acquired a newer, larger vessel to accommodate more than 200 additional passengers.

The MV Lara will take over duties from the MV Gemini, offering passengers not only more potential slots, but also new amenities, including redesigned staterooms, a business center with offices, and a cigar and wine bar, the company says.

“Seeing such an overwhelming interest in our itinerary and unique ports where we will always be in summer is truly thrilling” said Ethem Bayramoglu, COO of Miray Cruises, parent company of Life at Sea, in a statement. “This is evidence of the allure of our extended world cruise concept and the exceptional experiences that await our residents aboard MV Lara.”

The MV Lara has room for up to 1,250 passengers, but Life at Sea is capping capacity at 85%, as was the plan with the Gemini.

The laws of supply and demand aren’t suspended at sea, however. With the additional capacity and passenger interest, Life at Sea is also increasing the cost of the trip. Originally priced at $30,000 and up, the minimum cost for the trip now stands at $38,513 per year. (Passengers who booked before the upgrade was announced will keep their original rate, the company says.)

The MV Lara will depart from Istanbul on Nov. 1. The ship’s itinerary shows a litany of stops, from Aberdeen, Scotland to  Zhanjiang, China. If you want nicer accommodations than the inside cabins (the $38,513 option), those will cost more too. An outside cabin has jumped from just under $41,000 per year to $65,052. And a balcony cabin will now run $98,226 per year.)

Part of the idea behind this, of course, is to take advantage of the notable number of remote workers who learned during the pandemic that they could still do their jobs without having to commute into the office each day. There are other savings beyond rent, however. Workers could face some tax advantages by working as an international resident. And, of course, three are no utility charges on a ship. Wi-Fi is included in the cost, as are medical visits and exams, port taxes and service charges. Even food and beverage charges are included in the fees, the company says.

You’re on your own as far as shore excursions and booze, though.

Friends and family will have to pay local port taxes and fees, but there’s no charge for anyone to stay in your cabin. And you won’t have to schlep your belongings on board in a cadre of suitcases. Once you book, the cruise line will send a pod, which consists of two closets, which passengers pack and send along to the ship before they embark.

Correction: This story has been updated to reflect Life at Sea’s price increase on the cruise.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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