Wall Street Wants Cruise Line to Show Them the Money!
Increased demand for cruises is driving fares up.
Wall Street wants the cruise industry to make more money. After twelve months of massive losses, Wall Street financial analysts are hoping that the cruise industry will take advantage of the current demand to cruise again by raising fares.
“It’s clear that a lot of people want to cruise,” Jason Liberty, the CFO of Royal Caribbean Group, said recently to explain a recent jump in average fares at the company’s brands.
Frank Del Rio, president and CEO of NCL Holdings speaking on the company's fourth quarter and year-ending earnings call said “we are very encouraged and very pleased by the strong booking activity driven by pent up demand across all three brands for 2022 voyages”.
BOTTOM LINE- You better book that cruise now before the fares go up!