Does cruise have a future?

CLIA forecasts passenger numbers will not only meet but exceed pre-pandemic levels by the end of 2023. And according to Cruise Industry News' cruise ship orderbook for ocean-going vessels, nearly 40 new ships are lined up to debut this year alone, with more than 75 vessels on order through 2027.



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Market pros have also been inching their price targets higher for Royal Caribbean and Norwegian. It's not a surprise. The revenge travel surge that helped lift most travel and tourism stocks in 2021 and 2022 is finally coming around to raise the water for cruise line stocks in 2023.

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The 2023 cruise industry is booming. It has far surpassed 2019 levels, breaking sales records in a furious, post-pandemic comeback. Like most tourism sectors, cruising is reaping the benefits of “revenge travel”— vacationers making up for the time that was lost during the pandemic.

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Although Royal Caribbean Cruises operates some of the largest cruise ships worldwide, the brand's main competitor Carnival Corporation remains the leading global cruise company based on revenue.

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Cruising in 2023 is mostly back to normal following the pandemic-induced changes implemented across the industry in 2021 and 2022. Pre-cruise testing has been almost entirely abolished, ships are sailing at full capacity, and new ships are being constructed.

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Whether it's disease spread, carbon emissions, wastewater pollution, noise impacts, trash, or thousands of tourists, the cumulative impact of cruising is overwhelming.

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While the cruise lines have been sailing around 60-80% capacity in 2022, some are predicting they will reach 100%+ occupancy by the middle of this year. So, with more individuals wanting to cruise, this means higher cruise fares. We are already feeling these effects when trying to plan trips for the year ahead.

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On average, a healthy, well-built cruise ship can last for around 30 years, including regular services and design refreshes. But some cruise ships last for much longer. We take a look a the oldest cruise ships still sailing the seas and chart some of the different stages in their lifespan.

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For 2023, the passenger capacity is forecast to grow another 18 percent, with the full fleet sailing, plus new ships entering service, offset by the retirement of older ships and some brands that ceased service during the pandemic.

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Can you win money in a cruise ship casino? Most cruise ship casino games operate under the same rules and payout percentages you would find in a land-based casino; therefore, the answer is yes, you can win money in a cruise ship casino.

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