New waves in Caribbean cruise market
The soft-Caribbean cruise market is showing new signs of life, according to financial analysts.
“Caribbean cruises — considered the industry’s entry-level product due to their reasonable cost — are vital to the sector. The market makes up 40% of Carnival Corp.’s capacity and nearly 50% of Royal Caribbean Cruises Ltd.’s,” says the AP in quoting Citi Investment Research analyst Joshua Attie.
Both Miami-based companies have been boosted by the recent surge of interest in the Caribbean, a region where demand had been sluggish over the past two years. Oversupply and hurricanes have hurt the market.
Some analysts point toward lower capacity contributing to the recent recovery.
Cruise operators began shifting some of their supply out of the Caribbean and into the more profitable European market back when the Caribbean started to slow, says the AP.
Report by David Wilkening
David
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports
All eyes on Qatar as Qatar Airways leads a season of global events