Villa Vie Residences Suspends Operations Due to Soaring Fuel Costs

Airlines aren’t the only ones feeling the pinch of higher fuel costs due to the U.S.-Israel war on Iran: Villa Vie Residences, the cruise line offering long-term residency options to cruise-loving travelers, has suspended operations in Cambodia as it considers restructuring and recapitalizing due to the unexpected cost. 

According to a company press release, the cruise line says that while fuel costs per cabin were historically around $1,800 a month on average, they’ve now skyrocketed to between $6,000 and $8,000 in parts of Asia—a cost the cruise line simply can’t absorb.

Villa Vie Residences’ guests, meanwhile, will be required to disembark and will receive temporary living arrangements. 

"Since the conflict began in late February, we have taken significant steps to reduce fuel consumption, including slowing the itinerary and spending more time in port,” the press release said. “Those measures have not been enough to offset the extraordinary increase in fuel costs, and we have been unable to continue carrying the resulting operating losses. Passing the full increase on to residents is not a realistic solution. Our focus now is on supporting residents, crew, and employees while we work toward restructuring and recapitalization over the next 60 days. That work is ongoing, and no outcome is assured."

Villa Vie Residences will provide more information in the coming weeks. 

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