Apparently some of you do not listen in to Royal Caribbean Group earnings calls. CEO Jason Liberty, in the Q3 earnings call, stated in part, “demand for our experiences was very strong, and we achieved 96% load factors overall with the Caribbean at close to 105% at record pricing and high satisfaction scores”.
Further stated, “The value proposition of cruise remains incredibly attractive, I would say too attractive…..we received twice as many bookings for 2023 sailings in Q3, as we did in Q2, resulting in considerably higher booking volumes than during the same period for 2019 sailings…..as a result, all four quarters of 2023 are booked well within historical ranges at record prices, with bookings accelerating every week."
So, fully expect prices to climb regardless of inflation ir anything else well into 2023 and 2024 at least. At some point prices will cause demand softening and if continued, demand destruction. We are definitely not at these points.