A few days ago NCL announced it was canceling the entire winter 2023/24 European cruise season on Norwegian Epic and will instead redeploy Epic to the highly lucrative Caribbean market.
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The Bottom Line on Cruise SafetyAs the Covid-19 pandemic appears to be easing in most parts of the world, cruise lines have relaxed many of their Covid-19 vaccination, testing and masking requirements and cruises are safe for most people who don't have a compromised immune system.
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.
In just the last three months of 2022, occupancy was at 86.6%. So the ships continued to see more passengers, but still didn't sail completely full. Now the company is anticipating occupancy percentage to hit 100%… and even more.
In the case of Norwegian Cruise Line Holdings, both the revenue per share (evident from the last five years' TTM data: 2019: 28.67; 2020: 21.68; 2021: 0.08; 2022: 5.74; 2023: 16.54; ) and the 5-year revenue growth rate (-32%) have been on a consistent downward trajectory.
When your trip is cancelled, your cruise operator should offer the choice of an alternative or a refund. When a sailing is cancelled and an overnight stay becomes necessary, your cruise operator should offer you accommodation free of charge, if possible. This can be on board the ship, or ashore.
So what trends are emerging as we sail into 2023? More travellers are looking to escape on itineraries that provide cultural and destination immersion; solo cruising is on the up; and people want to spend more on bucket-list luxury cruises.
Summer 2023 Disney Cruise Itineraries Released – The Dream is Going to Europe! Disney Cruise Line has just announced their summer 2023 itineraries and – big news – the Disney Dream is headed to Europe.
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.
Revenue in the Cruises market is projected to reach US$25.14bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 9.29%, resulting in a projected market volume of US$35.87bn by 2027. In the Cruises market, the number of users is expected to amount to 32.53m users by 2027.
Norwegian Spirit (1998)Norwegian Spirit is the cruise line's oldest operating vessel. She, however, did not originally enter service as a Norwegian ship. The ship was built for Star Cruises and sailed as SuperStar Leo from 1998 until 2004, which is when she was transferred to Norwegian Cruise Line.
In 2023, a decade-high number of cruise ships have reported an unwelcome passenger on board: norovirus. Outbreaks of the stomach bug have surged on cruise ships this year, reaching the highest levels seen in 10 years.
Cruise Fare IncreasesIn 2023, the cheapest you can get an ocean view balcony is around $3,900. That's an increase of over 77%. Even if you plan a cruise for 2024, the cheapest you can get for a similar cabin is around $3,100, which is close to a 41% increase.