Caribbean remains strong for cruise lines

Security concerns in Europe appear to steer away demand
In earnings calls for the second quarter, cruise lines say that demand and capacity are holding up, especially as security concerns affect demand for Europe.
Caribbean capacity increases will continue into 2017, Celebrity Cruises confirmed, with the ship Equinox staying year-round in Miami, dropping its Europe program. More vessels from other brands at Royal Caribbean are expected to follow suit as Europe’s perceived geopolitical tensions continue.
“Our Caribbean, Alaska and Bermuda itineraries account for about 50% of our full-year capacity and continue to trend very well,” Jason T Liberty, chief financial officer at Royal Caribbean, said.
“We expect each of these products to generate nice yield improvements this year and also expect to see record yields in Alaska. We are generally seeing solid trends for our entire Caribbean portfolio, which ranges from three-night Bahamas sailings to 14-night southern Caribbean itineraries.”
The president and chief executive of Carnival Corporation, Arnold Donald, also said the Caribbean was proving to be a stable region.
“Bookings in the Caribbean and Alaska for the remainder of the year are very strong for our brands, enabling us to raise our revenue yield expectations and affirming our conviction to deliver over 20% earnings growth this year,” he said.
David Bernstein, Carnival’s chief financial officer, added: “Caribbean occupancy is well-ahead of the prior year at nicely higher prices.”
However, Norwegian Cruise Line’s doubling of Caribbean capacity during the lowest-yielding season did not fully materialise, delivering pricing that was less robust than high expectations, president and CEO Frank del Rio said in a conference call.
Cruise Industry News

x

Check Also

Norwegian, profit, results, finance, quarter, hedging

Norwegian delivers better-than-expected Q2 results

Europe's third largest low-cost carrier surprised the markets when presenting its Q2 results on Thursday June 12.

SAS, passengers, stats, numbers, figures, Norwegian, monthly, June, 2018, weaker, stronger, routes

SAS sets another passenger record

The airline has broken its previous monthly passenger record from 2014, though it is still behind Norwegian.

Norwegian, Krabi, Bangkok, beach, Thailand, resort, city, holiday, Nordic, scandinavia, Copenhagen, Oslo, Stockholm, days, winter, week

Norwegian to fly to Krabi in Thailand

Flights this coming winter season will go direct to the Thai beach destination from Copenhagen, Stockholm and Oslo.

SAS, Norwegian, airline, history, story, Scandinavia, aviation, Norway, Sweden, Denmark, Pole, flight, intercontinental

Goodbye Scandinavian Airlines System, welcome SAS!

It has been a long and eventful journey for Scandinavia’s premier airline. Now that Norway has sold its remaining shares in the airline, it is the end of an era – and what an era!

Norwegian, behaviour, Norway, airlines, plane, travel, bad, smoking, abusive, passengers, alcohol, fine

Big rise in passenger trouble in Norway

Pilots say that the alarming trend is due to alcohol availability and passengers feeling cramped.

Norwegian, seat, light, weight, slim, space, pitch, tall passengers, MAX, 737, delivery, cabin

Norwegian adds new “slimline” seats to 737 MAX

The airline is introducing slimmer seats, now receiving the first of 12 new-look 737 MAX aircraft this year.