Royal Caribbean, Carnival Cruises Might Have to Get Cheaper

Since cruising from North America returned in July 2021, both Royal Caribbean (RCL) – Get Royal Caribbean Group Report and Carnival (CCL) – Get Carnival Corporation Report have taken a measured tone when discussing their business.

Executives from both companies have made clear that the road back from a complete shutdown to normal operations would be long.

In the most recent quarter, however, both cruise lines had spoken positively about their booking trends.

“We continue to see strong demand for leisure travel and cruising,” Royal Caribbean Chief Executive Jason Liberty during his company’s first-quarter earnings call.

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