Tuesday, 15 December 2015

Caribbean cruise pricing strengthens, analyst says


Caribbean cruise pricing strengthens, analyst says

Norwegian Star in Cabo San Lucas By Dave Jones
Prices have substantially risen for cruises in the Caribbean, according to a survey taken by Wall Street brokerage Susquehanna Financial Group.
In a report published Dec. 14, analyst Rachel Rothman said first-quarter prices in the Caribbean are up 13.8% at Carnival Corp., 7.6% at Royal Caribbean Cruises Ltd., and 26.1% at Norwegian Cruise Line Holdings. Rothman noted that the comparison at Norwegian is skewed by the replacement of the Norwegian Pearl and Epic with the newer Getaway and Escape in the Caribbean.
For the second quarter, the survey showed Carnival’s Caribbean pricing is up 15.7 %, while RCCL and NCLH are down 5.8% and 6.6%, respectively.
In the Mediterranean, Carnival’s first-quarter pricing is up 23% but Norwegian Cruise Line is down 6.5%. The report noted that Royal Caribbean and NCLH's Oceania and Regent Seven Seas brands don’t offer Med cruises in the first quarter.