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This residential cruise ship has been sailing around the world for the last 20 years — but good luck buying one of its up to $15 million condos

Inside The WorldThe World’s residents range from $2 million to $15 million.

The World

  • The World is a residential cruise ship that has been sailing around the world for the last 20 years.
  • About 10 to 12 of its $2 million to $15 million condos go on sale annually.
  • Over the last few years, startups like Storylines and Victoria Cruises Line have announced similar concepts.
Over the last few years, several startups have promised to build residential cruise ships.The World sailing on water

The World

Storylines says its 1,000-guest, 547-condominium floating community will sail in 2025 …Design drawing of Storylines' MV Narrative cruise ship in the sunset.

Storylines

Source: Insider

… while Victoria Cruises Line says its Victoria Majestic ship will begin circumnavigating the world in September.Victoria Cruises Line's residential cruise ship

Victoria Cruises Line

Source: Insider

But if you’re curious about what life could be like at sea, there’s no need to wait months or years.The World ship overlooking nearby city

The World

There is only one large residential cruise ship currently in operation, according to the company that operates it. And it’s been sailing around the world for the last 20 years.People lounging on The World

The World

Source: The World

The World first launched its 644-foot-long floating community in 2002.The pool deck on The World

The World

Source: The World

Since then, it has been bringing its approximately 150 traveling families on a circumnavigation of the world every two to three years.People by The World ship

The World

Source: The World

Of course, there’s no need to live at sea if all you want is to travel around the world. But like any world cruise itinerary or residential cruise ship, you’re paying for the convenience.People on The World

The World

Instead of booking your own flight transfers and hotels, unpacking and repacking, and creating your own itinerary …The World sailing on water

The World

… residential cruise ships like The World allow travelers to leisurely explore the globe in the comfort of their own floating homes.Inside The World

The World

The itinerary is decided three years in advance by the management team and a committee of residents.Inside The World

The World

Every year, the ship travels to over 100 destinations, according to the company.Inside The World

The World

Source: The World

And unlike most non-residential world cruise itineraries, the vessel stays at each port for an average of three days …Inside The World

The World

… doubling the number of days it spends at port instead of at sea, the company says.Inside The World

The World

Source: The World

The World and its occupants have already visited over 1,000 destinations across 120 countries as of February 2022.A plate of food aboard The World

The World

Source: The World

“People buy on our ship [because] they like to explore the world,” Tom Wolber, the CEO of The World, told Insider. “They want to go to the less traveled parts.”Inside The World

The World

Wolber previously worked for companies like Crystal Cruises and the Walt Disney Company, including Disney Cruise Line.Inside The World

The World

The ship’s residents are from about 20 different countries but most are from the US.The World ship overlooking nearby city

The World

According to Wolber, many of the owners are accomplished and active people.People lounging on The World

The World

Think business owners, entrepreneurs, and leaders in their respective fields. Not retirees, he says.Inside The World

The World

The 165 condos range from $2 million to $15 million not including the annual ownership fees.Inside The World

The World

They’re as small as a 330-square-foot studio and as large as a 3,242-square-foot three-bedroom residence.Inside The World

The World

The average age of The World travelers is somewhere in the 60s, a result of both newer young residents and people who have held onto their condos since the conception of the ship, Wolber said.Inside The World

The World

But only a handful of residents live aboard the ship year-round. Most have multiple homes around the world, Wolber said.Inside The World

The World

So for the most part, travelers spend an average of three to six months on the ship annually.Inside The World

The World

At any given time, about half — 150 to 200 — of the residents are aboard the floating community.Inside The World

The World

And many choose to sail on The World during holidays or to desirable ports, such as Antarctica.Inside The World

The World

Once a resident is ready to move out and move on, they can sell their residences.Inside The World

The World

But if you’re interested in buying, just know there’s not a lot of inventory: About 10 to 12 are resold every year.Inside The World

The World

Onboard amenities are similar to most expedition cruise ships.Inside The World

The World

This includes a video game room, a card room, a library, guest lecturers, various workshops, and a 7,000-square-foot spa.Inside The World

The World

There’s even a tennis court, two pools, a track, and a marina with access to the water.The pool deck on The World

The World

Similar to a traditional on-land community, there’s also a non-denominational place of worship, a book club, and conference rooms.Inside The World

The World

For meals, the ship has four restaurants and a list of more casual dining, bars, and lounges.Someone holding a plate of food aboard The World

The World

Some of the ingredients used for these meals are purchased by the chefs at local ports, Wolber said.Plates of food aboard The World

The World

But unlike a traditional cruise ship, food isn’t included in the annual fees or cost of the condo. Instead, residents have an onboard prepaid food and beverage allowance.Inside The World

The World

For a private meal, residents can also ask the chefs to cook their meals inside the residents’ condo.Inside The World

The World

Source: The World

The World is undoubtedly an old ship. So to keep it up to date, the vessel enters a dry dock every three years.The World sailing on water by kayakers

The World

During these four to six weeks, residents can’t stay on the ship.Inside The World

The World

But after the renovations are completed, the floating community could have more contemporary amenities, refurbished common spaces, or updated residences.Someone holding a plate of food aboard The World

The World

“The crew and our ship now have over 20 years of lifestyle experience that is incredibly hard to duplicate,” Wobler said. “It’s one thing to build a ship, but to bring it to life and to deliver on the expectation of very high-demanding and performing residents is not easy.”The World sailing on water

The World

Read the original article on Business Insider
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