Cruise companies such as MSC, Carnival, and Royal Caribbean possess resorts and private islands scattered across the Caribbean region. They are continuously enhancing their properties and broadening their real estate holdings. Change in the Caribbean landscape is evident through satellite images. Previously, the Bahamian island of Ocean Cay, once an industrial sand mining site, now appears as a tropical paradise following a substantial $500 million investment by MSC Cruises. The island features pristine beaches, cabanas, and family activities. After a three-year renovation, Ocean Cay MSC Marine Reserve officially opened in 2019 as a private escape solely for MSC cruise passengers. Similarly, other cruise lines own 17 ports and resorts in the Caribbean, with ongoing development projects turning the region into exclusive and profitable vacation destinations. For instance, Royal Caribbean Group and Norwegian Cruise Line Holdings have transformed neighboring private islands, Great Stirrup Cay and Perfect Day at CocoCay, respectively, with upgrades and expansions. Norwegian, which acquired its island in 1977, has recently improved its amenities and plans to construct a new pier to accommodate larger ships. These strategically located islands are within a day's sail from Florida, enabling the cruise companies to reduce fuel costs. Perfect Day at CocoCay, an extension of Royal Caribbean's ships, opened in 2019 and serves as both a perfect vacation spot and a lucrative investment.
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