Thursday, April 16, 2015

The Good News and Bad News of the Cruise Booking Boom

Bloomberg reports that the major cruise companies are outpacing their 2014 bookings. When comparing wave season (January through March) to wave season, bookings are up 4.4%. That is great news for most people tied the the cruise industry. Increased bookings means more money for the cruise companies, which in turn means more jobs and down the road newer and bigger ships. Advanced cruise bookings are also a traditional sign of strong consumer confidence, so this could be a good news for the overall U.S. economy.

The only people who suffer in the short term by the spike in demand are deal hunters. With more and more ships filling up, there will be fewer opportunities for last minute sales. Frequent cruisers who wait for the right time or the right price might find their options a little limited. However, a healthy cruise industry is a good thing for all cruise fans and will lead to more choices and options in the years to come.

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