How Royal Caribbean And Carnival Made A Comeback
Royal Caribbean is leading the $61 billion cruise industry’s comeback. This comes just a couple of years after a 15-month pandemic era shutdown led to questions about whether the industry could ever recover. But the three public companies - Carnival, Royal Caribbean and Norwegian - are starting off 2024 with record breaking booking positions and pricing levels. Drawing younger audiences, smart cash management and strong pre-cruise spending have all been contributing factors.
Chapters:
0:00 Introduction
1:15 The dark days
2:25 State of the industry
6:05 Making a comeback
8:15 Looking ahead
Produced and Edited by: Ryan Baker
Senior Managing Producer: Tala Hadavi
Animation: Christina Locopo
Camera by: Timothy Fadek
Additional Footage: Royal Caribbean Group, Carnival, Getty Images
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How Royal Caribbean And Carnival Made A Comeback
Cruises will NEVER die. I work at PortMiami, home of the Icon of the Seas. And we are currently expanding and building new mega terminals. Soon we will honestly be the leading cruise port in America.
PortMiami is already the leading cruise port in US
@@Sean-C If not the world
None of what you said means cruises will never die.
Ew
Icon is insanely expensive for a 7 day cruise, they need to lower the price on the interior rooms. Plus why am I getting charged for 2 people when I wanted to book as a single passenger.
'Price quite low'...not a chance, especially compared to pre-covid pricing. I do understand that everything cost more now, but from a value standpoint and as well what the cruise lines are charging for additional activities that are not complimentary is insane! Supply and demand...really hope the deman starts to level off!
It costs more for me to book a round trip flight, rent cars, and a hotel for 7 days than it does to go on a cruise ship. They have absolutely massive ships with plenty of activities for only $1-$2K per week. Which is an incredible price
Still extremely affordable vacations. Pre covid pricing for everything was cheaper lol. Im getting cruises that sre averaging out to $100 a night. Thats a great deal considering it travels, free things to do on board plus all food. Name a decent hotel that are $100 per night. Then factor in food, activities. You’ll be coming out way higher price than a cruise. A weekend to orlando would cost me more than a week on a cruise ship
it costs me $250 a person to book with carnival lol
I mean so let's look at this, food, drinks, room and board, most on board activities, and all the stops are free. The avg 6 day cruise cost anywhere from 150-1500 per person. After tax.
lol tell me you are broke without telling me you are broke. $1000-$1500 per week per person with room, food and activities is CHEAP.
But cruising is turning into Spirit Airlines. It used to be all inclusive, but since the 2010s they have been partitioning services that were part of the cruise reservation and charging additional fees. I expect it will eventually apply to luggage too.
Like airlines, the more you pay the more inclusive it becomes. Luxury cruises are still very inclusive when it comes to amenities onboard.
They mentioned this in the video, they want to close the price gap between cruising and land vacations. Maximizing profits will never die lol
@@Love2Cruise Yes, but you're paying at least double.
@@Love2Cruise All lines used to be all inclusive, even on Carnival. There were no extra charges for anything other than Internet and alcohol package.
This is why I like Virgin
So they all bragged about jacking up prices artificially. Cool
I like the idea of a cruise. Just not the 3,998 other people on the cruise.
😂😂😂😂😂 Then go be the next Jeff Besos and buy your private $500.000.000 boat.😂😂😂
@@followmeinthekitchen3877 or I just don’t go on a cruise with 3000 drunks.
I agree with you. The other 3,997 other people are annoying.
Where do you go on vacation that you’re alone?
@@theambitiousalpaca4956 If you really wanted to be away from people, could get a remote cabin on airbnb. Though for tropical, generally speaking, most beach resorts(as in private beach resorts, rather than resorts on public beaches, which are obviously also crowded) are not nearly as crowded, especially if not a mega resort(the highest capacity ones may be though) and if not during peak season. Less total people spread over a larger area. Though realistically, need much higher budget per night for land based tropical vacations.
I was on carnival mardi gras last week. This was my 17th cruise., and 4th since the restart after the pandemic. Great time
Me too lol
How much does the carnival cruises tend to cost? And I don’t mean just tickets flights like how much around did you spend for the cruise on food drinks excursions?
@@jumpy2xstreaming Great question. Curuise prices have gone up at least 25-30% since the restart of the pandemic. Keep in mind they had to recoup the missed revenue for being down for 18 months. Not to mention they have to cover the cost of so many new ships that have entered the fleet since 2020. As for Carnival you can expect to pay $1500-$2000 per person for their newer ships like Mardi Gras and Jubilee. The price will vary depending on the cabin type and and the floor you're on. example: inside cabins (no windows) and ocean view cabins are a lot cheaper than balcony cabins and suites. If you want a better value you may want to book one of their older ships. The older ships have fares that are under $1000 per person. But you'd be doing yourself a disservice by not going on one of the new ship. Food is included with your cruise fair so dont worry about starving. There's plenty of food to eat. As a option you can book a specialty dining restaurant. These normally coast $40-$50 per person but its totally worth it. But once again this is just an added option. Alcoholic drinks: Beer $6-$8 Cocktails/mixed drinks $12-$15 and wine $15-$18...If you and partner are average drinkers your bar tab at the end of the cruise (7day cruise) should be about $400-$600. In my opinion that's not bad for 7 days Excursions are usually $50-$80 per person Excursions usually last 4.5-5 hours The website that Ive been using for 17 years is called Vacationstogo.com .. They specialize in cruising. I highly recommend this company. They literally have 1000's of cruises to choose from and they are now taking bookings for 2026 sailings... If you want more info I suggest going on KZhead and search "cruising" There are lots of content creators that have tons of info on cruise ships, destination packing suggestions and everything in between. My favorite youtube cruise channels are : The ship Life La lido loca Life well cruised cruise tips TV Griff & Alyssa Ben & David Sorry to be so long "winded" but I hope that helps...
I don't agree with the change in the business model to raise prices based on land travel. Its an apples to oranges model. I cruised once on Norwegian and had a great time, but I learned that I was more interested in land travel and spending time walking the various countries and towns. I may chose to go on a cruise again, but if the prices between land and cruise are within a view hundred to $1k, I am going to choose land travel. I have more control then being stuck on a ship for weeks. Also factor in the weather, which effects your enjoyment on a ship. I got sea sickness and it was a horrible day for me. There is no way to feel better when you are sick and on a rocking ship.
Don’t take cruises then. They will keep raising prices as long as people pay
It’s not apples and oranges, it’s you prefer land vacation? So take land vacation? I prefer cruises… not because of a price comparison but because I enjoy the vacation more.
@@DEPUTYGETSOME The sea smell never disappoints me and the fact you can get all the food you want onboard
Because of inflation it's cheaper for the average family to cruise the Caribbean than to drive to Florida to visit theme parks.
That only works if you are getting a pay raise...
@@kazzhulse I agree. If you're not getting a pay raise every year, then you're not going to have any disposable income left over to even take a vacation in the first place.
Our family loves cruising. We try and go 2-3 times a year. Such a stress free way to vacation.
Went on a cruise in may 2023 & lived the experience!!!
The thought of spending a week or two, trapped on a 5* floating prison with the general public gives me nightmares.
I just came back from the Bahamas (I flew in) and it just makes more sense to do a cruise. you can see a lot more of the Carribean on a cruise than paying a private charter
I LOVE cruising. I cruise 5 times a year and it’s such an amazing value and a great time. I don’t see me ever stopping
Best vacation deal for your money. Food, entertainment, cabin, travel to different destinations on 1 trip, all for $100 a day.
Cruising is incredible. Find a good deal, spend a lot of time on land when you’re in port, spend time with locals, skip the drink package. Bon voyage.
And never have to drive. I live close to Cape Canaveral FL and even the locals here all love cruises.
@@enthused7591 I lived in Florida but I’m burnt out of Caribbean routes so I would still have to fly to Seattle and Europe for cruises.
I work at port canaveral, it's our busiest year ever! 800k passengers last month, 4 million since October @@enthused7591
@@enthused7591 cape canaveral? dude that's like my dream city to live in. How often do you see rockets launch? Did you see the space shuttles land as well?
While cruising has it’s advantages, Copying what airlines do isn’t for the consumer but for the greed coming from the sailing industry.
Love cruising. Very affordable and no need to plan out a whole vacation. The cruise line does that for you. Just relax on the ship and enjoy where it takes you.
If you pick a land destination get with a local travel agent who can customize your trip for you. Plus with them being local if any problems occur they can handle it immediately.
I am so grateful that cruising made a comeback! My family and I went on our first cruise in September of 2023 and needless to say, I'm hooked. We're currently planning our next cruise for July of 2025.
Shaq is back at the Carnival!
Before going on my first cruise, I absolutely was against them for being an old persons thing/human Petri dish/etc. But being broke and longing for a vacation, I got tempted by the Pandemic prices. Did a solo 7 day trip by myself. I’ve been on 5 cruises in the past 2 years and I’m in my mid 20’s. Solo, with friends, and with family and different cruise lines Carnival, Princess, Royal, and Celebrity. All of them have been the best times of my life.
I'm still not sold. I have zero desire being in a sardine can with thousands of fishes
I love cruising!!!!!
I’m also in my mid 20’s. I’ve ever only been on carnival. How do you feel about Royal Caribbean?
@@dopemusic6414 it's not like you're in a submarine, this is cruise ship with proven route perfected for years to avoid natural disasters. But personally I don't like the long route where you stucked on the ocean for weeks, I like shorter ones when you could visit various countries in one continent.
I totally agree! I went from skeptic to “when can we go again” after my first cruise. Great vacation!
Can someone please share this presentation with the CC stock? I think it hasnt yet gotten the memo......
All I know is, yesterday we were docked at a port, when RC held its sail away 🎈 🎊 🎉party‼️💃🏾💃🏾💃🏾💝💝💝I have never heard such wonderful singing and music 🎼 🤩
Im working in the cruise embark/ debarkation as a part timer. My co worker said carnival is like the Walmart for cruise lines 😅
It is but worth it if u got a big family.. I got family of 6 and pay no more than 5k
@@mystroharrison1173 I went on a traditional Nile River Cruise in Egypt in September 2021, it cost only $55/night. 3 buffets/day+ tea time. It was only 2 days voyage but it just the way I wanted it.
Went on a cruise in February, going again in 2 weeks, and again in October. It’s a great way to see a little bit of a lot of places. It’s the sampler platter of travel.
First cruise in November and we had a blast. Itching to get back on a cruise. We can’t stop talking about it lol
please pick carnival lol.
@@happyscrub unfortunately we might have to. Want to go on icon but it’s way too expensive
@@Yomel123 My stock will thank you :)
@@happyscrub lol
"Closing the gap between land based travel" seems like a bad model. Don't increase your costs to the customers, you may be over analyzing how many people choose cruising as preference over its substantial value.
this is the dumbest thing ive read
@@myusernameisthisduh which board do you sit on? Or do you own stock?
@@myusernameisthisduh I guess you don't read much.
People are spending more because cruise lines have raised their prices across the board for everything. That seems like a misrepresentation on the part of the cruise lines.
16 dollar milk shakes on the Icon of the Seas.
I have been fortunate to work in the travel/cruise business for over 25 years and this here shows you, while the US economy is not perfect, it is strong. Travel demand in general is very, very high despite high inflation. When the economy starts to go south, the first thing people cut is leisure travel as it is not necessary.
Its easy. Cruises are cheapest Dec-Jan and most expensive when kids are out of school. You can easily find a cruise thats less than $100/n. Cruises make thier money hoping you are a raging alcoholic or gambling addict. If you can do those two things in moderation. You can get by pretty cheap. Leaving on the Anthem for 12nights in 3 days. Man im stoked
What if I’m a raging shuffleboard addict and want to beat the old retirement folks at the game?
I tried to book a rom for 1......and they kept trying to charge me 2x what the advertised price was. I don't understand what gives. Why charge for 2 adults when only 1 is going on the trip. Price was 800 dollars.....final total almost 1700. I said no thanks.
Unfortunately that is & was the case even b4 covid. Bc they would b losing that double fare if only solos booked that room. The unacceptable is Celebrity has started to penalized solo with charging more than double the fare and the Icon pricing is utterly ridiculous.
The video could have been a short. I cruised before, during, and after the pandemic. They took a lot of things away and charged more to cruise.
What did they take away?
Norwegian is amaz8ng abd taking a cruise is cheaper than a hotel! Only bad thing is having to ADD the flights to get to port
Would love to try an RCL cruise one day. I remember shorting it during the pandemic and making good money. Shoulda had the patience to hold it on the recovery though. Easy 2-3x.
been on RCL only a couple times (Adventure and Harmony) . I can't speak for the entertainment on other cruise lines buy RCL shows are wow!! alot of fun! Very entertaining! I would say if you go with RCL go on a oasis ,quantum or icon class ship. They are newer, bigger, and always something to do! The service is top notch as well. I'm planning on going on an Alaskan cruise at some point!
They’re incredible! Me and my friends went on the Wonder of the seas! $1,500 per person and we got two dining restaurants. The premium restaurants taste amazing, the activities are so fun, and everyone has a good time
Damn this constant bells music is exhausting
If we are going to call the cruise industry bad for the environment, then you HAVE to include air travel and shipping. Cruise ships are ~1% of all marine traffic, so they have a small impact compared to all the rest of the shipping. And by person, cruise ships use less fuel to get to a destination than an airplane. The only vacation that is truly green is to stay local.
Well considering they dump their trash into the ocean, it's not really comparable
@@Freiheit1232 What trash? The food? That's the only part that goes overboard. The rest of the garbage gets taken to ports. And much of it is recycled- paper, glass, metal, plastic, etc. And if cruise ships do it, then certainly, container ships will be as well.
@@Freiheit1232I don't know why people say cruise ships dump trash to ocean. THEY DON'T. I work as a engineer for a cruise line company . only waste we dump to ocean are 1. bathroom shower drain water 2. treat sewage
@@geomrithulantony1460Becuaee releasing SEWAGE into the ocean is perfectly acceptable 🙄
@@tioswift3676I said treated sewage which indistinguishable from normal drinking water . Ships use millions dollar machinery to do this . And weekly testing of treated sewage is done ensure it quality
Just finished a cruise on Oasis of the Seas and next year will be cruising on Icon of the Seas. Best way to spend a vacation in my opinion
Really good review.
Currently 24 and still have yet to go on a cruise when already 97% of my friends and people I grew up with already had at least once or twice!!
I am in my 40s and never been on one, don't feel bad.
This video could have been summed up in 5 seconds, government bail outs. Without that deal that allowed them to raise capitol off the gov and that bond program, this could have had a different path for them.
wrong, the government didn't help the cruise companies because they are registered in tax havens.
These cruise ships are not based in US like the airline. If they based in US they will never make a profit due to wages. They not even get any Covid funds as they not base in US. Only exception is Carnival Cruises did receive $6 billion in a backdoor deal after the Federal Reserve announced plans to buy “unlimited” bonds to free up capital for lenders to invest in companies crumbling under corporate debt, such as Carnival also it’s not a bailout.
Weird how the free market doesn't apply to big businesses
Cruises didn’t get bailouts.
There was NO government bailout for cruises.
I haven't cruised since the 90s (and only once, with Costa; Costa Victoria). Environmentally and living far away from any port (Europe), it makes no sense in my case. I live vicariously through Ben + David's videos of cruising. ;-) I'll stick to train travel...
I would like to go to coco cay Bahamas with Royal Carribean this year
If these cruise lines weren’t so preoccupied with avoiding paying certain American taxes, they could have been bailed out like the airlines. Makes me wonder why we ever bail out the airlines.
Amazing
Carnival is the Spirit Airlines of cruise lines. You think you're paying less, but after all the fees you end up paying about the same for a crappier experience.
False. All cruise lines are like this, not just carnival
Crappier experience? A cruise is what you make of it. If you’re goal is to let lose and have fun, then you will have a great time no matter what cruise line you take.
My last cruise was on Royal Caribbean 2019. I had a blast. I will plan on going back soon.
Cruise ships are great value for money.They are more environmental friendly than cars and flights ✈️. With Carbon Intensity Indicator for cruise ships, Green House Gas emissions from cruise ships will be greatly reduced.
I went on a cruise in August 2023 and enjoyed it.
Cruise is good if its around the world and youre allowed to go off boat for days I mean most great places are near seas and big rivers, and one of my dreams is to travel the world in an RV with a tow holding my bike , always on the road and the bike because driving the open road and feel the vastness and enjoy the full view of the scenery. Being an Oligarch(owning the world) must be nice its not impossible for them do that. money isnt a problem and visa dont apply to them.
Yesss we're back baby! This was very interesting, I'd love to see how MSC compares to these examples. 😁
For some reason I learn about cruise after Covid and 2024 gonna be my first cruise
Cruising demand is a secular growth story but the stocks are trading like the spike in demand is temporary. The growth in demand is really being driven by first time cruisers. As a first time cruiser myself, I can tell you that I had no interest whatsoever in cruising until I agreed to go on a cruise. We had one of the best vacations of our life on the cruise and we have already booked several more. Many of these first time cruisers, like myself, see the fun and value in cruising and we are now hooked on cruising. The forward P/Es on these companies are modest and their growth is exploding rapidly due to high demand/limited inventory…..sound like a good combination for higher prices and full ships. Appears that Royal Caribbean is a real standout in this market but not the largest operator. MSC is entering the U.S. market aggressively (see new Miami port facilities). I believe the secular bull story in cruising is intact
I’ve been on one cruise, it wasn’t bad but stopping at these touristy places I just felt like a wallet. I haven’t been on a cruise since, just traveling and making up my own itinerary.
I think people just feel safe on a Cruise. You know, no falling door.
I love cruising - but with all the add ons - it's starting to get out of hand and I disagree - land vacations are cheaper unless you don't add the drink package - etc...
Can't wait to go on my very first cruise 💯💯💯💯💯💙💙💙💙🤍🤍🤍
Dont compromise on safety becUse the cruise is cheap. Our carnival freedom fire caught on fire in the middle of the ocean and it was quite scary.
RCCL, also owns TUI Cruises right?
Never doubted them
Yes! Scheduled another for August 2024.🚢 GO CARNIVAL!
If they close the price gap with land based vacations much of the appeal of cruising will go away. Especially how they are bragging about the 20% spend up once on board.
Pay $4k to spend more money on a floating “all-inclusive” ocean-going prison and travel days to spend less than 24hrs at some of the most touristy locations with the public. Sounds like an unsustainable business strategy. If raising prices is the only way to save an industry, it ain’t being saved. It’s being resurrected for certain doom again. Most peeps I here talking about cruises say they wouldn’t consider doing it again
I am very glad with royal Caribbean and carnival cruise lines so well I feel sorry about Norwegian cruise lines
That is wonderful!
10:00 the US Navy will gradually retire their nuclear powered carriers maybe they could convert them to cruise ships
From your lips to God's ears, son
Oh the hypocrisy of the tree huggers. One of my best vacations for the dollar and I’ll be getting on 3 back to back to back cruises in May & June, Eastern Western then Southern Caribbean.
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I wonder what is the designed lifespan of a cruise ship like this?
25 years
Just got off a cruise a few days ago. Room service wasn’t free anymore
Amazing news
I don't understand the whole private island. I mean maybe once but would anyone want to go there over and over again?
Thank you. Insightful.
Building cruise ship that uses hydrogen and form of natural gas. I cant remember what the other fuel is called that icon of the sea uses.
it's too bad all cruise lines are nickle and diming you now, Staff levels are cut in half and service is lacking now.
These days the boats are crowded af and prices are through the roof. No more cruises for me thanks.
Just got off my LAST Carnival cruise. Never again. Still waiting for my almost worthless Carnival stock to recover after several years.
Why didn't you average down at $10/share?
Why doesn’t the Carnival president talk about cutting benefits for its employees?
Cruise ships are also getting cleaner and more efficient. And they are also getting starlink.
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They didn't. People were just super eager to get out after 2 years of not being able to. They'll be in hot water again in 10 years when people get tired of paying $24 for a McDonald's meal.
My wife wants to go to Europe. I be like lets go on a cruise. We settled on Machu Pichu and the Galapagos islands. Cruise is next. I live in Hawaii so one that goes to Australia or Alaska and back would be nice.
You might be able to catch a repositioning cruise from Hawaii to Australia in the autumn or the opposite from Hawaii to Alaska next march :)
We love to CRUISE!!!🎉🎉🎉
It is relatively cheap when everything is expensive in us
During cov19 2020 there was a large ship under construction with largee then normal guest cabins. That was for the asian market The owners had to let it go WHO GOT THAT SHIP? and whats the name? Is tit the ICON?
Icon was designed by royal for the Caribbean
Well to switch they can start by using hydrogen!!! Also covering it in solarpanels, lifting the ship up to glide on top of the water, ect
I need to book this cruise asap!
I'm a solo world traveler, I don't like the idea of being stuck in a ship full of kids running around and have 3 buffets/ day. I don't like crowds! The closest cruises I did were unique and short, it was mainly to connect to my next destination. Many years ago, my 1st ship voyage was from Venice to West Coast Greece and bus to Athens. The Minoan line was a combination of cruise lines+ commuters transportation, I like the idea of multiple pricing and freedom to choose your meals at different pricings restaurants. As a solo budget traveler, I brought my own sandwiches, cookie, fruits etc😅 I remember it cost approx 70 euros each way, with a share cabin, my roommate was German, we had great conversations during the 12 hours voyage 😊. There's were backpackers who sleep on the dock for 20 euros with their sleeping bags 😅 there's a pet kernal. On the lower deck, there's trucks transporting goods. Family cars where European travel within the continent. The 12 hours journey was very pleasant, sunrise, Sun set, and the Minoan bus transport bmw to Athens 😊 I also took the 2 nights Nile River Cruise in September 2021 from Aswan to Luxor, Egypt. I didn't like 3 buffets/day. But the temples stops were awesome. I love my Turkish Rivera wooden yatch cruise, 3 days 2 nights! The skipper docked along the coast,cook fresh Mediterranean meals, we all jumped into the sea to swim! We hiked the st Nicholas Island before sunset, strolled on a resort town etc. There were 12 guests, 6 cabins with showers! I would like to repeat this voyage soon! 😊
“63 cruise ships owned by parent company Carnival Corporation emitted 43% more sulfur oxides, a group of harmful air pollutants, than all the 291 million cars in Europe in 2022.”
What comeback
Its absurd that you cover the so called "dark days" yet at 1:12 show the background picture of ships being destroyed and don't cover why. The cruse industry had to get cash to pay their debts during the pandemic, the way they did this was by scraping their ships (1:12 background pic). Those ships were good for another 10-20 years they had to be destroyed for cash. 9:30 Do you understand the amount of pollution it takes to scrap a ship of this size and also build another to replace it? Also basic supply and demand economics 2:45, "why are cruise ships recovering so fast with revenue" oh maybe its more because the demand is back pre covid (plus your normal growth rate that's relatively constant) but theirs a significant amount of less ships thus the ticket prices are more expensive than otherwise would be if they weren't forced to get rid of so many ships for cash Great journalism right here in this video......
Gotta love Royal Caribbean International! How is Carnival bigger than Royal Caribbean? That’s kind of astonishing!
Well anything mass market (most people can afford) will be bigger than companies that serve upper market.
Because they own other cruise companies, big ones being princess, holland and cunard
Carnival owns lots of cruise brands
@@omgness1234 oof those companies are well known giving underpaid wages for workers from 3rd world countries
Cruising - The best thing since sliced bread!
And Disney Cruise Line get so well too
These ships 🚢 look look like guant amusement park. So yes I need togo on 1 with the family. Definitely on Royal Caribbean 🎉 I like to dance.
Net Zero ? Easy… obligate your vendors to be net zero and trade with you for all the Dino juice you’re drinking. Alternatively, making all cruises by sail would also work
Love!
Good to know
I'm not cruising until they stop charging single people extra fees.
No it isn’t my carnival cruise stocks are still below pre-Covid levels
Well if cruising is coming back. Time to buy their stocks again.🎉
Watching these CEOs talk creeped me out. Any way to be less obvious about corporate greed?
Are we forgetting the massive bailouts they received?