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Elite and Shareholders

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For what reason would those with many shares and cruises want Princess to give them more perks and OBC ?

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53 minutes ago, kruisey said:

For what reason would those with many shares and cruises want Princess to give them more perks and OBC ?

Don't understand your question. OBC actually lowers the net cost of a cruise by providing you with credits for on board spending.

Any adult going on a Princess cruise that owns at least 100 shares of Carnival Corp. stock can apply for shareholder OBC which varies by length of cruise from US$50/cabin to US$250/cabin. Other OBC passengers may receive is related to certain promotions as well as the military benefit. The only Elite related OBC benefit is the loyalty credit which begins at US$25/cabin for those with 21 cruise credits and grows to US$100/cabin starting at 52 cruise credits. 

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I will reverse the question. Why would you NOT want more OBC?

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How about this. You walk into a store and a person handed you $100.00 you say thanks. You continue to walk and another person hands you $100.00 so now you would say no thanks? Give me a break. Share holders benefits  is not a lot. Depending on how many nights the cruise is. Say a 7 day you get $100.00. maybe 3 or 4 offers to pick from. OBC might be another $350.00 I am a vet and get another $100.00  in addition to that there may be, prepaid gratuities, free drink packages, free wifi etc. My answer to that is THANK YOU Princess.

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On 5/25/2019 at 9:54 AM, kruisey said:

For what reason would those with many shares and cruises want Princess to give them more perks and OBC ?

1) Greed

 

2) Pareto efficiency -- I want the most for me, even at the expense of others

 

Unfortunately, this doesn't work very well, as those 'others' want the same.'

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Pablo, if your question is based on the fact that the shareholder is a part owner of the company and wants the company to maximize its profits for the shareholder's own profit, well, you don't realize how minimal the shareholder's ownership interest is.  

 

The $100 OBC that Princess might grant me as a shareholder costs me (in terms of corporate profits) far less than a tiny fraction of penny.  So if they give me $200 in OBC, my own personal wealth goes up from this.

 

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If you have attained elite status, then you have spent a lot of money with Princess.  They should reward you for your loyalty or you would go somewhere else.  I bought 100 shares of stock just for the OBC, and it has paid for itself double what it cost me. 

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Perks are one of the reasons we choose to sail with Princess over other cruise lines. Whenever we stray to another line, I take into consideration the things we are giving up: primarily the free internet minutes and free laundry.

 

The ability to stack OBC is great. I bought the stock for the shareholder OBC. While it's nice that it's selling for nearly double what I paid for it, since I'm not planning on selling my shares, the price doesn't really matter. In the meantime, I've received half my money back in OBC and a good junk of change in dividends.

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On 5/25/2019 at 7:57 AM, skynight said:

Don't understand your question. OBC actually lowers the net cost of a cruise by providing you with credits for on board spending.

Any adult going on a Princess cruise that owns at least 100 shares of Carnival Corp. stock can apply for shareholder OBC which varies by length of cruise from US$50/cabin to US$250/cabin. Other OBC passengers may receive is related to certain promotions as well as the military benefit. The only Elite related OBC benefit is the loyalty credit which begins at US$25/cabin for those with 21 cruise credits and grows to US$100/cabin starting at 52 cruise credits. 

 

Those SOBC amounts are only for cruises controlled out of Santa Clarita.  For cruises controlled out of Chatswood

NSW, they are AU$50 to AU$250.  For those that were controlled out of Southampton, they were £30 to £150.  For

any that would be controlled by a theoretical continental-Europe Princess office, they would be €40 to €200.

 

Check the rules at http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Mjc0MjIzfENoaWxkSUQ9LTF8VHlwZT0z&t=1

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The OP had been losing badly in a verbal war with someone.  Those threads are .... secret.

 

I assume this is another attempt to call him out, but in a more passive-aggressive style.

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OK let me reply.    Personally I am quite satisfied with the perks Princess gives us plus everybody else on Special Promotions.

Cannot honestly understand why folks would like a level above Elite and more OBC.

Next year I am going to try out a 7 day on Club Class and I am paying for it. Just curious to find out what it is all about. Just something new.😊

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Posted (edited)

If you had 200 cruises with Princess, wouldn’t it be nice if the extra cost of club class was a perk for those with over 200 cruises? 

Edited by neverbeenhere

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3 minutes ago, neverbeenhere said:

If you had 200 cruises with Princess, wouldn’t it be nice if the extra cost of club class was a perk for those with over 200 cruises? 

 

 Did you choose that number because you have over that many cruises with princess? 

 

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42 minutes ago, Haboob said:

 

Those SOBC amounts are only for cruises controlled out of Santa Clarita.  For cruises controlled out of Chatswood

NSW, they are AU$50 to AU$250.  For those that were controlled out of Southampton, they were £30 to £150.  For

any that would be controlled by a theoretical continental-Europe Princess office, they would be €40 to €200.

 

Check the rules at http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Mjc0MjIzfENoaWxkSUQ9LTF8VHlwZT0z&t=1

 

Unless I'm missing something, the differing amounts make no difference that I can see. The concept is the same regardless of the denomination. The cost of the cruise is reduced by the OBC.

 

Tom

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3 minutes ago, Pierlesscruisers said:

 

Unless I'm missing something, the differing amounts make no difference that I can see. The concept is the same regardless of the denomination. The cost of the cruise is reduced by the OBC.

 

Tom

 

Mostly true:  SOBC is use-it-or-lose-it and theoretically not applicable to gratuities or in the casino, but most folks do

manage to spend it on bar bills, shore excursions, premium dining, etc.

 

However you should hear the wailing of folks on an Australian cruise over their mere AU$100 (= US$75) SOBC. 

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7 minutes ago, Haboob said:

Mostly true:  SOBC is use-it-or-lose-it and theoretically not applicable to gratuities or in the casino,

Someone recently pointed this out to me so I checked the fine print on the shareholder OBC info. I always assumed that it simply went towards the bottom line of our onboard spending. I plan watch it closer on our next cruise to see if that's actually how it works.

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While it may be non-refundable, it can be applied to anything charged to your on-board account.  Non -refundable credits are used up first before refundable credits.  Any credit can be used for gratuities, shore excursions, casino credits, etc.

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20 minutes ago, TM said:

While it may be non-refundable, it can be applied to anything charged to your on-board account.  Non -refundable credits are used up first before refundable credits.  Any credit can be used for gratuities, shore excursions, casino credits, etc.

 

"[Stockholder OBC] is not transferable, cannot be exchanged for cash and, cannot be used for casino credits/charges

and gratuities charged to your onboard account." 

 

It's certainly true that in the past Princess' onboard systems did not distinguish between non-refundable and

refundable OBC so the restrictions were unenforceable.  The systems now track the difference, and it's IMNSHO

simply a matter of time before Princess' programmers catch up with Carnival's stated policy.

 

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1 hour ago, bemis12 said:

 

 Did you choose that number because you have over that many cruises with princess? 

 

Certainly not on Princess, just an example of possible program benefits for extended loyalty above the Princess elite status. Of course, there is already loyalty OBC, most traveled “get together” and other benefits.

 

i believe having goals for loyal passengers to try to meet increases cruise travel. But the corporation may know different.  

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Posted (edited)
2 hours ago, Micah's Grandad said:

The less we pay for a cruise the more cruises we can go on. Simple economics

Yes  so true. It  is great that these days cruising is affordable for all. When I was younger I used to watch The Love Boat and dream. It is now reality for everyone.

Edited by kruisey

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4 hours ago, Haboob said:

 

"[Stockholder OBC] is not transferable, cannot be exchanged for cash and, cannot be used for casino credits/charges

and gratuities charged to your onboard account." 

 

It's certainly true that in the past Princess' onboard systems did not distinguish between non-refundable and

refundable OBC so the restrictions were unenforceable.  The systems now track the difference, and it's IMNSHO

simply a matter of time before Princess' programmers catch up with Carnival's stated policy.

 

"Gratuities charged to your onboard account" does not refer to the Daily Service Charge. Only to extra gratuities you write onto the chit at specialty restaurants, bars, the spa et al. This is a corporate policy which exists in order to keep a passenger with leftover non-refundable OBC from "gifting" it to a crewmember in exchange for a kickback. And it is enforced on at least one Carnival Corp line I have sailed on (Cunard). 

 

But as you say, the Princess systems now do distinguish between refundable and non-refundable OBC, and breaking out charges not eligible to be covered by non-refundable is the inevitable next step.

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10 hours ago, neverbeenhere said:

Certainly not on Princess, just an example of possible program benefits for extended loyalty above the Princess elite status. Of course, there is already loyalty OBC, most traveled “get together” and other benefits.

 

i believe having goals for loyal passengers to try to meet increases cruise travel. But the corporation may know different.  

I do agree that any goal is something to shoot for even if it might only be for a select few people at the upper levels. It costs Princess practically nothing & gives those people something to achieve if nothing else.

 

Possibly things like a small pin, seating in club class, true priority boarding at all ports, etc. but only for the select top cruisers. 

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There is now also the Milestone cruise when you hit 500 days and every 250 after that.

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