Cruise prices are way up as operators meet surging travel demand
Publishing timestamp: 2023-10-09 13:40:22
Summary
Cruise operators such as Carnival and Royal Caribbean are experiencing a surge in demand for post-pandemic vacations, leading to record-high ticket prices. They are considering raising prices even further to close the gap between cruise vacations and land-based alternatives. The high prices are driven by comparison to high airfares and increased costs in the broader travel sector. Industry experts believe that the high prices may be here to stay, and the demand is coming from both seasoned cruisers and first-time travelers. Despite the industry still paying off debt incurred during the pandemic, ticket prices show no signs of slowing.
Sentiment: POSITIVE
Keywords: cruises, royal caribbean cruises ltd, carnival corp, economy, breaking news: economy, breaking news: business, business news, norwegian cruise line holdings ltd, transportation, travel,
Source: https://www.cnbc.com/2023/10/09/cruise-prices-rise-as-operators-meet-surging-travel-demand.html