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Carnival announces record sales and fare increases
http://tinyurl.com/ygx9gsf
Basically, Carnival says bookings have been great so far this year that they have been able to adjust pricing upwards.... and effective March 22, they are looking to implement a fare increase across the board of up to 5%. Last week on my blog I mentioned that Royal Caribbean was experiencing strong bookings and rising prices. I also mentioned that last minute fares for most cruise lines have gone up. What is unusual this morning is that Carnival made a public announcement that they were raising fares. I've never seen that done before and am somewhat puzzled by their motivations, since they have been steadily raising prices already. Maybe they are trying to generate some increased volume in sales over the next few weeks while we are in the peak of Wave Season? One thing for sure... this has had a big effect on stock prices. CCL is up $1.23 and RCL is up $1.74 a share as of 9:48 AM EST. -- George Leppla Countryside Travel http://www.CruiseMaster.com Blog http://cruisemaster.typepad.com/my_weblog/ Facebook http://www.facebook.com/CruiseMaster |
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Carnival announces record sales and fare increases
On Wed, 24 Feb 2010 08:49:08 -0600, George Leppla
wrote: What is unusual this morning is that Carnival made a public announcement that they were raising fares. Hi George, I agree with you that we are in a state of rising prices and cruise lines notifying passengers in advance is a phenomenon we have not seen in many years with a few exceptions. Other cruise lines such as Oceania, Regency Seven Seas, and others have made similar announcements recently. I believe this is a trend. At least the cruise lines are making folks aware that prices are rising and they should make their plans immediately if they want to avoid the price increases. -- Ray Goldenberg 800-719-9917 or 805-566-3905 Lighthouse Travel http://www.lighthousetravel.com Follow us on Twitter http://twitter.com/lighthousetravl Follow us on Facebook http://www.facebook.com/ray.goldenberg |
#3
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Carnival announces record sales and fare increases
On Wed, 24 Feb 2010 06:54:59 -0800, Ray Goldenberg
wrote: Regency Seven Seas, Hi Everyone, I should have said Regent Seven Seas. If that is the biggest mistake I make today, then it will indeed be a very good day. :+) -- Ray Goldenberg 800-719-9917 or 805-566-3905 Lighthouse Travel http://www.lighthousetravel.com Follow us on Twitter http://twitter.com/lighthousetravl Follow us on Facebook http://www.facebook.com/ray.goldenberg |
#4
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Carnival announces record sales and fare increases
On Wed, 24 Feb 2010 10:20:23 -0600, George Leppla
wrote: It is an interesting business..... and today is a bit more interesting than others. It will be fun to watch how this all plays out. Hi George, Another point that I find interesting is that average fares are far below the average fares of 2008. The industry, as you know, really brought fares down last year due to the lack of demand. The low fares stimulated the business to fill the ships but the cruise lines need to normalize the fares AND fill the ships. -- Ray Goldenberg 800-719-9917 or 805-566-3905 Lighthouse Travel http://www.lighthousetravel.com Follow us on Twitter http://twitter.com/lighthousetravl Follow us on Facebook http://www.facebook.com/ray.goldenberg |
#5
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Carnival announces record sales and fare increases
Seehorse Video wrote:
You noticed that "up to" comment and I think that's important. "Up to 5%" could well be nothing more than a trigger for booking now rather than later. I would guess that very few of your clients book the lowest possible fare for a cruise. Some want an outside, some want a balcony, some want a suite, there are dozens of slightly different prices on a single cruise. Basically, I will cruise when I can, where I want and how I prefer, regardless of the threat of an increase. Lots of products and services advertise coming price increases to drum up business short term. How have the cruise stocks fared over the past couple of years? They are not in my investment watch list. In the past 18 months, Royal Caribbean dropped as low as $6 a share. in 2004, it was over $54. Carnival bottomed out at around $16. In 2004, it was $57 Now RCL is $27+ and CCL is a shade under $35. I don't think we will see 2004 prices any time soon, but there were a lot of profits made on cruise stocks in the past year. -- George Leppla Countryside Travel http://www.CruiseMaster.com Blog http://cruisemaster.typepad.com/my_weblog/ Facebook http://www.facebook.com/CruiseMaster |
#6
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Carnival announces record sales and fare increases
"George Leppla" wrote in message ... http://tinyurl.com/ygx9gsf Basically, Carnival says bookings have been great so far this year that they have been able to adjust pricing upwards.... and effective March 22, they are looking to implement a fare increase across the board of up to 5%. Last week on my blog I mentioned that Royal Caribbean was experiencing strong bookings and rising prices. I also mentioned that last minute fares for most cruise lines have gone up. What is unusual this morning is that Carnival made a public announcement that they were raising fares. I've never seen that done before and am somewhat puzzled by their motivations, since they have been steadily raising prices already. Maybe they are trying to generate some increased volume in sales over the next few weeks while we are in the peak of Wave Season? Something must be in the wind...I received an e-mail from Carnival Cruise Lines saying the same thing...makes me wonder...hmmmm. --Jean |
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Carnival announces record sales and fare increases
In article , Jean O'Boyle
wrote: Something must be in the wind...I received an e-mail from Carnival Cruise Lines saying the same thing...makes me wonder...hmmmm. I think it is a ploy which they hope will be a self fulfilling prophecy. Get demand to increase by scaring people into bookings now. If they get more bookings by it then they can sustain the higher prices. -- Charles |
#8
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Carnival announces record sales and fare increases
In article , Seehorse
Video wrote: Lots of products and services advertise coming price increases to drum up business short term. That is what I think this is about. I don't think they can sustain price increases until the jobless rate come down. -- Charles |
#9
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Carnival announces record sales and fare increases
"Charles" wrote in message d... In article , Jean O'Boyle wrote: Something must be in the wind...I received an e-mail from Carnival Cruise Lines saying the same thing...makes me wonder...hmmmm. I think it is a ploy which they hope will be a self fulfilling prophecy. Get demand to increase by scaring people into bookings now. If they get more bookings by it then they can sustain the higher prices. I agree, Charles...With unemployment so high, why would they consider raising prices?. Sounds more like greed by using scare tactics to me . --Jean |
#10
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Carnival announces record sales and fare increases
On 2/25/2010 1:40 AM, Jean O'Boyle wrote:
wrote in message d... In , Jean O'Boyle wrote: Something must be in the wind...I received an e-mail from Carnival Cruise Lines saying the same thing...makes me wonder...hmmmm. I think it is a ploy which they hope will be a self fulfilling prophecy. Get demand to increase by scaring people into bookings now. If they get more bookings by it then they can sustain the higher prices. I agree, Charles...With unemployment so high, why would they consider raising prices?. Sounds more like greed by using scare tactics to me . --Jean Prices are raised or lowered based on models used for so-called yield management software using data such as current bookings as compared to bookings in comparable periods in previous years. The press release suggests that effective March 22 the model will be tweaked. Note further that the press release only deals with the Carnaval brand (Carnival Cruise Lines), not Carnival Corporation. Actually some of Costa's Asia cruises and some of HAL's European cruises are offered at prices even lower than last year's. |
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