How Royal Caribbean And Carnival Made A Comeback

Royal Caribbean is leading the $61 billion cruise industry’s comeback. This comes just a couple of years after a 15-month pandemic era shutdown led to questions about whether the industry could ever recover. But the three public companies - Carnival, Royal Caribbean and Norwegian - are starting off 2024 with record breaking booking positions and pricing levels. Drawing younger audiences, smart cash management and strong pre-cruise spending have all been contributing factors. Chapters: 0:00 Introduction 1:15 The dark days 2:25 State of the industry 6:05 Making a comeback 8:15 Looking ahead Produced and Edited by: Ryan Baker Senior Managing Producer: Tala Hadavi Animation: Christina Locopo Camera by: Timothy Fadek Additional Footage: Royal Caribbean Group, Carnival, Getty Images » Subscribe to CNBC: » Subscribe to CNBC TV: About CNBC: From ’Wall Street’ to ’Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Instagram: Follow CNBC News on Facebook: Follow CNBC on Threads: Follow CNBC News on X: #CNBC How Royal Caribbean And Carnival Made A Comeback