Blame the Millennials and Cuba for everything. Problems with hotel rooms in the Caribbean and other things where the supply is limited.
OK not really, it's not the Millennials' fault for being born to the boomers who boomed because of WWII.
But the fact of the matter is Millennials finally outnumber the baby boomers (https://www.pewresearch.org/fact-tank/2020/04/28/millennials-overtake-baby-boomers-as-americas-largest-generation/
Born between 1981-1996, Millennials have an average age now of 33.5 with a median of @ 38(more Millennials were born earlier than later).
Millennials are in their prime earning years and marriages and births for them are way down. Meaning you've got a lot of 38 year old men making way over six figures with no wife and no kids = lots of disposable income. Even if this group of high earners hovers around 6%-8% and only .5% of those take up the leaf, do the math for 72.1 million (and that's just USA Millennials).
What does this mean? That we have a whole crew of people in their top earning years competing for hotel rooms on that Caribbean beach that isn't getting any bigger, or for luxury cigars where the availability is not increasing [all that much to meet the demand].
Sure, cheap labor countries can pump out smartphones and computers and cars (aside from recent Covid supply issues) but there are only 4 hotels on that one beach on that one Island -or- only a finite limit of cigars that Cuba can pump out of the factories. The slight increase in production just can't keep up with all these new customers flooding into the market place.
Millennials don't remember when a CoRo cost USD $15. Just like I don't remember when they cost USD$8.00. When they went to $15 I happily bought, just starting out buying CCs and the high $15 price was OK by me because I never knew the $8 deal.
And then there are the Millennials in other countries and the growing rich population among 25-65 year olds throughout the world.
What do you think the owners of these mega yachts are smoking?
Shipyards are straining to keep up with demand for superyachts. Wealthy buyers are being told they have to wait three to five years for their custom orders.
We gotta lotta competition fellas and it's no surprise that these prices are now astronomical. I think Habanos SAS knows they can get the prices they are asking for for the high end brands.
Warning: Profanity laced rant from the Kid From Brooklyn talking about prices at Starbucks