A U.S. cruise ship ends voyage due to fuel costs and passengers lose their homes
A U.S.-based residential cruise ship, the Odyssey, has suspended its global voyage while docked in Cambodia due to unsustainable fuel costs. Passengers have been forced to abandon their floating homes as the company attempts to restructure its operations.
Why it matters
This highlights the vulnerability of niche long-term travel models to global economic volatility and rising energy prices.
PHNOM PENH, Cambodia — A U.S. cruise ship on a residential world voyage suspended its operations in Cambodia due to fuel costs, forcing hundreds of passengers to abandon their floating homes.
The Odyssey set sail two years ago on a three-year voyage to the seven continents marketed as combining long-term living at sea with global travel.
The Florida-based company said monthly fuel expenses per cabin that historically averaged $1,800 has recently reached an estimated $6,000 to $8,000 in parts of Asia during the war in Iran. Villa Vie Residences said it sought to reduce fuel consumption by slowing the itinerary and spending more time in port, but was unable to offset the surge in fuel costs.
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