Cruising Prices Rise with Growing Demand
Cruising Prices Rise with Growing Demand
© Fernando Jorge | Unsplash
Bright spots for the cruise industry
Carnival Corp. reported at the end of June that booking volumes for future cruises have risen sharply since the beginning of the year. CFO David Bernstein called it "a great achievement" of the company given that the bookings surge was achieved with minimal advertising and marketing budget. To meet the high demand, Carnival is adding new ships and the full fleet is expected to sail before next summer.
For the third year in a row, the luxury cruise line Regent Seven Seas broke the company’s world cruise opening day booking record within three hours. Silversea’s South Side Story - All the World’s a Stage and Oceania’s Around the World in 180 Days, both for 2023, sold out the day they opened for sale.
Factors are influencing the price
Celebrity Cruises CEO Lisa Lutoff-Perlo said travellers are eager to spend more money on luxury travel services, including cruise travel. While other industries have been hit hard by Covid-19, the cruise industry is showing signs of strong recovery.
However, many cruise industry advisors suggest that 2019 and 2022 are unfair comparisons. There are several new factors that did not exist in 2019 influencing the price. First, the disproportionate demand due to the industry being shut down for around 15 months. The second is the future cruise credit (FCC) policy. Passengers who had booked cruises that had to be cancelled due to the pandemic were able to opt for an FCC instead of a refund. This pent-up demand is now being felt.
With the travel outlook remains uncertain with governments changing their travel restrictions daily, it is hard to predict the future. Cruise companies are optimistic, “there will be a good [pricing] environment for some years," Carnival Corp. CEO Arnold Donald said.
FIND OUT MORE
Carnival Cruise Line Will Require Masks, Testing for All GuestsPassengers now required to wear masks and get tested before embarking on a cruise, regardless of their vaccination status.
Disney Cruise Line Resumes US Sailings from FloridaFrom August, the Disney Cruise Line will resume its three- and four-night cruises sailing from Florida to the Bahamas.
Major Cruise Lines Plan to Resume in 2021After more than one year of being paused, the cruise industry is hoping to make a gradual comeback as many cruise companies plan to resume...
Three Mega Cruise Ships Make an Impressive ComebackThe global cruise industry is recovering quickly with the comeback of mega cruise ships.
Italy Bans Cruise Ships from Venice LagoonFrom August 1, 2021, cruise ships and vessels weighing more than 25,000 tonnes will be banned from entering the Venetian lagoon.
U.S: Major Cruise Lines Finally Back at SeaOn 3 July, four major cruise lines in the U.S started sailing. Two of them sailed from U.S. ports for the first time in more than a year.
Regent Seven Seas Cruises Breaks World Cruise Booking RecordFor the third year in a row, the luxury cruise line has broken the company’s world cruise opening day booking record.
Venice Not to Be Included in UNESCO World Heritage's Danger ListOn Thursday, July 22, the World Heritage Committee decided that Venice will not be included on its World Heritage’s Danger list.
UNESCO May Add Venice to Its World Heritage in Danger ListOn Monday, 21 June 2021, UNESCO's World Heritage Centre recommended that the city should be added to UNESCO's list of World Heritage in...
There's no better way to discover a city than on foot. A new study shows which European cities are best for pedestrians to explore.
Every July and August thousands of animals migrate from Tanzania’s Serengeti to Kenya’s Masai Mara in search of fresh pastures. It is one of the last...
Fancy a trip to Italy but want to avoid the big cities? Here are some beautiful towns you have to visit.
Tripadvisor has announced the best destinations for food lovers in 2022. Rome claims the No.1 spot for its culinary supremacy.
Making a trip to the Big Apple? Here are Falstaff's six favourite watering holes offering everything from old world cocktails and fabulous views to...
The NiceRx platform has analysed 50 countries around the world and measured them on a range of happiness factors. Switzerland topped the list with the...