Is Inflation Causing 2022's Higher Cruise Fares and Prices? (2024)

Is Inflation Causing 2022's Higher Cruise Fares and Prices? (1)

Empress of the Seas and Harmony of the Seas in the Caribbean (Photo: Aaron Saunders/Cruise Critic)

Is Inflation Causing 2022's Higher Cruise Fares and Prices? (2)

Empress of the Seas and Harmony of the Seas in the Caribbean (Photo: Aaron Saunders/Cruise Critic)

Is Inflation Causing 2022's Higher Cruise Fares and Prices? (3)Is Inflation Causing 2022's Higher Cruise Fares and Prices? (4)

Fran Golden

Contributor

Cruise pricing appears on the increase for the second half of 2022 and 2023, in places including the Caribbean, Alaska and Europe, but don't blame the U.S. inflation rate -- which hit 7 percent in December 2021 -- for the higher fares.

Cruise experts say pent-up demand and tight occupancy are the main factors in why you could pay more for your next cruise vacation.

"At this time, we're not hearing a direct correlation between inflation and cruise pricing," said Pam Young, executive vice president of partner relations at Internova Travel Group, the sizeable travel agency and franchise network.

While select cruise lines have a set cadence of pricing adjustments throughout the year, much of the cruise industry pricing is driven by demand," Young explains. "Consumer demand for cruising in Q3/Q4 is well-positioned and continues to strengthen, therefore you can expect pricing to sustain or increase"

Another influence on fares is that some cruise lines have moved to more all-inclusive pricing models, Young adds. Celebrity Cruises, for instance, now includes drinks, WiFi and gratuities in cruise fares.

Travel advisors are reporting fares rising on popular routes such as select Alaska summertime itineraries, though not across the board, says Mike Driscoll, editor of the industry newsletter CruiseWeek.

"People put off trips due to Omicron concerns and rebooked expecting the seas to be calmer then, leaving less space available," Driscoll says. "Sales had already been strong due to pent-up demand so for the most part there's limited spaces on the traditionally highly sought-after itineraries."

A still-reduced supply of ships is another factor in higher prices says Rob Clabbers, president of Q Cruise + Travel in Chicago. "Still some ships docked, some ships retired, some destinations less open to travel right now," he says.

For Lower Fares, Look for Sailings Coming Soon on Larger Ships

Is Inflation Causing 2022's Higher Cruise Fares and Prices? (5)

Carnival Welcome Home(c)2021 Robert Mihovil6481 (lower res)

It's not like lower fares don’t exist, especially on bigger and older ships.

For instance, right now you can book a week on Carnival Vista out of Galveston from under $300, and Royal Caribbean has fares from $439 on one-week Alaska cruises in the height of next summer on its Serenade of the Seas out of Vancouver (the fares are under $400 in September).

Clabbers says later in 2022, such deals are likely to be more an anomaly than reality "For most, guests shouldn’t expect major deals lower than pre-COVID," he said.

His suggestion for those planning cruises: "If you found a cruise/fare you’re happy with, book it. If prices fall, most lines will allow you to adjust (before final payment). That way you also have the best pick from available rooms and can start looking forward to your trip."

Michelle Fee, founder and CEO of the franchise network Cruise Planners, says a busy winter Wave season, with cruise lines offering sale prices and other incentives to book now, will likely impact future availability, and fares.

"We feel that the end of the pandemic is imminent, and albeit delayed, we are on the brink of a demanding Wave season," Fee says. "We believe this pent-up demand for travel will create a supply shortage and that will drive cruise fares higher—just the nature of the beast when it comes to supply and demand"

Fee adds that some consumers have "nearly three years' worth" of rolled-over bookings from canceled or postponed sailings, and they will likely start redeeming those credits soon.

"We know the boom is coming, and travel advisors should be reaching out to their clients now to ensure they are able to book the vacations they waited so long for," Fee said. "Travelers shouldn’t delay to book their cruises—by the time they decide, it might not be available to them."

Updated January 26, 2022

How was this article?

Is Inflation Causing 2022's Higher Cruise Fares and Prices? (2024)

FAQs

Why are cruise prices so high right now? ›

Ticket prices for cruises are surging as operators say they're meeting higher demand for post-pandemic vacations. Cruise operators such as Carnival and Royal Caribbean said they're considering raising prices even more to close the gap between the price of cruise vacations and land-based vacation alternatives.

How far in advance should you book a cruise for the best price? ›

“It's best to book a cruise six to 12 months out to ensure you get an optimum selection of cabin types, preferred itineraries, and special promotional rates,” says Jennifer DeLaCruz, a vice president at Carnival Cruise Lines.

Will cruises be cheaper in 2024? ›

If you plan on cruising before the end of 2023, your ticket will likely be about 15% more expensive compared to the same time in 2019. For 2024, pricing across the industry will be up about 8% compared to this year and 20% compared to 2019.

What months to avoid for cruising the Caribbean? ›

Wet season and dry season are both good times to cruise the Caribbean. The worst time for a Caribbean cruise weather-wise is August to September, as it is peak hurricane season.

What is the most expensive month to go on a cruise? ›

Peak Travel Season:

The summer months, especially June, July, and August, are the peak travel season for cruises. This is primarily due to families taking advantage of school holidays and vacation time. With increased demand, cruise prices tend to be higher during these months.

Do cruise prices get cheaper closer to the date? ›

Cruise lines often discount their prices a month or two before sailing to fill vacant cabins. However, it's worth noting that a last-minute cruise doesn't always offer the most savings to travelers. Those who plan far ahead may be able to save even more.

What month is the cheapest to book a cruise? ›

What is the cheapest time to book a cruise? Prospective cruisers can usually find "a lot of good deals at the beginning of the year" during wave season, Goldberg-Glazer said. That period typically lasts from January until March.

Is it cheaper to book through cruise line? ›

Normally, without a promotion, booking airfare through a cruise comes with a cost. But often this cost is cheaper than what guests can find on their own through the airlines.

What month is the best month to book a cruise? ›

January, February and early March are wave season: the time of year when cruise lines offer the best deals because they want to fill their ships. These deals can include: Discounts on the fare itself, or on the fares for additional guests. Discounted or free amenity packages, such as upgraded drinks or specialty dining.

Which cruise line is most affordable? ›

  • #1. Celebrity Edge. Celebrity Cruises. #1 in Best Affordable Cruises (tie) ...
  • #1. Celebrity Beyond. Celebrity Cruises. ...
  • #3. Rotterdam. Holland America Line. ...
  • #4. Celebrity Apex. Celebrity Cruises. ...
  • #5. Resilient Lady. Virgin Voyages. ...
  • #6. Symphony of the Seas. Royal Caribbean International. ...
  • #6. Odyssey of the Seas. Royal Caribbean International.

What's the cheapest cruise line? ›

However, some cruise lines are generally known for offering budget-friendly options. One such option is Carnival Cruise Line. Carnival Cruise Line often stands out for its affordability compared to other cruise lines in the American market. Here's why it might be a good choice.

What is the best cruise line for adults? ›

  • Viking Ocean + Expedition Cruises. Cruise At-a-Glance: ...
  • Regent Seven Seas Cruises. Cruise At-a-Glance: ...
  • Seabourn Cruise Line. Cruise At-a-Glance: ...
  • Celebrity Cruises. Cruise At-a-Glance: ...
  • Holland America Cruise Line. Cruise At-a-Glance: ...
  • Royal Caribbean International. Cruise At-a-Glance: ...
  • Princess Cruises. ...
  • Silversea Cruises.
6 days ago

What is the most expensive month to travel to Caribbean? ›

Generally, winter and spring in the northern hemisphere, December through May, is going to be the most expensive time of year to head to the Caribbean. This is the “high season” and usually you'll be paying top dollar.

What is the rainiest month in the Caribbean? ›

Like many Caribbean destinations, St. Thomas experiences peak rain during the fall, with October the wettest month. Showers generally last less than half a day in the Caribbean in fall unless there's a big weather system passing through.

What time of year are seas the roughest? ›

Typically, the winter months are the most intense. Transatlantic cruises tend to see their roughest waters in November, December, and February. Thankfully, the majority of mainstream cruise lines do not conduct transatlantic cruises in December and February.

How to get lower price on cruise? ›

Here are seven things to consider before booking your next cruise:
  1. Book early if you have special needs or a large party. ...
  2. Your travel agent might be able to track price changes. ...
  3. Wait to book for last-minute deals. ...
  4. Don't assume an interior stateroom is the best deal. ...
  5. Book shore excursions from outside vendors.
Jan 2, 2024

Is now a good time to buy a cruise? ›

From January to March is when cruise lines typically run their best deals of the year, also known as wave season. The Automobile Club of Southern California (AAA) says smaller ships, solo trips, and splurge-worthy suites are some of the biggest trends for 2024.

What day of the week do cruise prices drop? ›

According to an extensive study that followed price drops in the cruise industry, Thursdays may be the best day to book a cruise. Prices associated with travel are always in flux due to supply and demand, so the prices of a cruise can change daily. Prices could spike on a Wednesday and drop, well, on a Thursday.

What is the least expensive month to cruise? ›

Prospective cruisers can usually find "a lot of good deals at the beginning of the year" during wave season, Goldberg-Glazer said. That period typically lasts from January until March. However, the optimal time to book may depend on when you plan to sail.

Top Articles
Latest Posts
Article information

Author: Lakeisha Bayer VM

Last Updated:

Views: 6743

Rating: 4.9 / 5 (69 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Lakeisha Bayer VM

Birthday: 1997-10-17

Address: Suite 835 34136 Adrian Mountains, Floydton, UT 81036

Phone: +3571527672278

Job: Manufacturing Agent

Hobby: Skimboarding, Photography, Roller skating, Knife making, Paintball, Embroidery, Gunsmithing

Introduction: My name is Lakeisha Bayer VM, I am a brainy, kind, enchanting, healthy, lovely, clean, witty person who loves writing and wants to share my knowledge and understanding with you.