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Some cruise prices stabilizing but others are not
Yes, says a cruise analyst with A.G. Edwards. Tim Conder writes in a recent industry report that Caribbean pricing has not only stabilized and is showing continued improvement.
Meanwhile, Alaskan pricing continues to be low, while Europe remains the strongest geographic market.
“Caribbean pricing appears to have stabilized and continues to slowly improve,” writes Mr Conder, who makes the case that if Carnival is stabilizing, the rest of the industry also will fall in line.
Carnival began cutting rates in the Caribbean after pricing was hurt by the 2005 hurricane season, Mr Conder explains.
He predicts pricing should remain favorable to consumers if there is a calm hurricane season, but the National Oceanic and Atmospheric Administration at its 2007 Atlantic Hurricane Season Outlook meeting predicted that three to five major hurricanes could hit the US and the Caribbean between June and November.
The period now under consideration between mid-April and August typically represents about one third of cruise bookings. Pricing is generally flat at that time.
A.G. Edwards reports that cruise demand was up in North America in 2006 to 10.2 million passengers.
Cruise officials say such vacations offer up to a third better value than land-based journeys.
Report by David Wilkening
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