A Hobby, An Obsession, A Way of Life
3 Dec
With the economy going down that means people are not spending as much on travel. This also means that there will be deals all over the place for people ready to take a trip.
The hardest hit is going to be with the cruise lines. They have experienced such growth that tons of new ships are going to be sailing. The industry is predicting a 10% increase in the number of total cabins for each of the next three years. Also the cruise lines have been great about avoiding areas that are in a recession. The problem for them right now is that the whole world is in a recession so there is nowhere that is a great place for a cruise line to take their ships.
From a consumer perspective cruise lines make most of their money by people spending money on the ship not on the cabin fees. So they are many times willing to sell the cabins at a loss just to fill up the ship. So right now you have the perfect storm of low supply, high demand, and a pricing structure that favors the consumer.
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