travel pulse   |   September 02, 2010

Wachovia Cruise Analyst Sees "Challenging" Cruise Trends

Published on: March 2, 2009

Wachovia cruise analyst Tim Conder said cruise pricing has stabilized since early January for close-in bookings of less than 60 days, but trends for the second and third quarters “continue to be very challenging.” In a cruise survey, Conder said Caribbean pricing continues to show the most resilience and that European pricing is down low double digits. Alaska “appears especially weak” with pricing down from 20 to 40 percent as fares “hit new lows in February….We believe both companies [Carnival Corp. and RCCL] are now aggressively moving to fill remaining Q2 and Q3 capacity after attempting to hold price as long as possible,” Conder wrote.



Reader Comments

Why would anybody believe anything from a a failed bank-WachoviaEdward, TX

Same reason they would believe anything coming from Goldman-Sachs. I believe we are at or near the bottom of the dip and if past history and predictions are any guideline, I think the "experts" will tell us in Q3 '10 that the recovery began late Q3 '09 or early Q4. Vacation dollars are the first off the table for discretionary spending and often the first to go back on. We are blowing and going. Not like early '04 but close. This guy's assessment is one of the first that has been consistent with what those of us in the trenches are seeing.Charles, TN




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