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View of ocean from cruise ship railing
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Cruisey

Virgin Voyages just launched an annual pass for $120K, as Disney plans a huge cruise expansion

Will “work from helm” ever catch on? Virgin boss Richard Branson hopes so.

Tom Jones

Just a few years ago, the cruise industry was on its knees, with some of its biggest players on the verge of bankruptcy. It’s now back and bigger than ever: Disney is planning to spend $12 billion over the next 10 years, with the maiden voyage of the 1,119-foot-long Disney Treasure later this month the first step in a plan to more than double its fleet to 13 ships by 2031, while Virgin hopes its new unlimited pass could get cruise-goers to part ways with $120,000 and join them for up to a whole year.

Around the world in 365 days

While living at sea for an entire year might sound like an anxiety dream for many of us, it’s quickly becoming a reality in cruise tourism. For the six-figure sum (plus what would presumably be a very hefty onboard bill), you and a guest can clamber aboard Virgin’s cruiseliners for up to 365 days of sailing across Europe, the Caribbean, the Mediterranean, and anywhere else covered by the travel giant’s fleet. The offer shows Virgin’s intent to kickstart the “work from helm” idea touted by chief Richard Branson earlier this year when promoting its seasonal summer passes, offering perks such as free premium Wi-Fi and 2 specialty coffees a day.

Virgin Voyages’ annual pass fits into a growing trend in the cruising industry of longer onboard stretches, with Villa Vie Residencies giving customers the chance to set sail on its “perpetual world cruise” for up to 4 years at a time.

Cruise line passenger growth
Sherwood News

With cruise passengers now exceeding pre-pandemic levels, per data from the Cruise Lines International Association, companies like Virgin and Villa Vie are picking up on the world’s growing appetite for cruises.

Interestingly, in huge news for anyone looking to celebrate Bitcoin’s recent surge, the annual pass is also the first cruise product to accept the cryptocurrency as payment — perhaps reflecting the growing number of young people taking to the sea, with 1 in 2 passengers on Royal Caribbean cruises reportedly millennials or younger.

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GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

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