financetom
Business
financetom
/
Business
/
Americans' cruise vacations to see slower growth in 2025, industry group forecasts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Americans' cruise vacations to see slower growth in 2025, industry group forecasts
Jan 26, 2025 9:21 PM

Jan 27 (Reuters) - Nearly 19 million Americans are

expected to go on cruise vacations this year, but passenger

growth is likely to cool off after seeing a boom post pandemic,

travel group AAA forecast on Monday.

Passenger volume this year is projected to grow 4.5% from

2024, when 18.2 million Americans went on ocean cruises,

according to the industry group. The increase is slower than the

7.7% rise last year and a solid 42% growth in 2023.

Cruise operators were among the worst hit in the travel

industry during the COVID-19 pandemic, but their recovery was

sharp. Despite the slowing growth, 2025 is expected to be the

third straight year of record cruise passenger volume, AAA said.

AAA expects the Caribbean to be the top destination for

American travelers this year.

Operators such as Royal Caribbean, Carnival Corp ( CCL )

and Norwegian Cruise Line Holdings ( NCLH ) saw record

demand last year as more people across age groups chose cruises

despite a rise in itinerary prices.

This boosted their stocks, with Royal Caribbean's shares

gaining 78%, while those of Carnival and Norwegian Cruise rose

about 34% and 28% respectively last year.

AAA's forecast is calculated based on scheduled cruise

itineraries covering all major cruise vessels, the economic

outlook and travel sector trends. The forecast is prepared in

partnership with Tourism Economics, an Oxford Economics company.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Automakers hope for a cut as two-way EV charging becomes real
Automakers hope for a cut as two-way EV charging becomes real
Apr 21, 2024
LONDON (Reuters) - Automakers from General Motors ( GM ) to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. Bidirectional, or vehicle-to-grid (V2G), charging lets EV owners charge at overnight off-peak rates then sell power back to grids...
FOCUS-Automakers hope for a cut as two-way EV charging becomes real
FOCUS-Automakers hope for a cut as two-way EV charging becomes real
Apr 21, 2024
* So far, few models can deliver V2G * Technology still experimental, also faces regulatory hurdles * Could help to balance power grid, but needs to be managed By Nick Carey and Victoria Waldersee LONDON, April 22 (Reuters) - Automakers from General Motors ( GM ) to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut...
BRIEF-Express, Inc. Receives Letter Of Intent From Consortium Led By WHP Global For Sale Of Business
BRIEF-Express, Inc. Receives Letter Of Intent From Consortium Led By WHP Global For Sale Of Business
Apr 21, 2024
April 22 (Reuters) - Express Inc ( EXPR ): * EXPRESS, INC. ( EXPR ) RECEIVES LETTER OF INTENT FROM CONSORTIUM LED BY WHP GLOBAL FOR SALE OF BUSINESS * INITIATES COURT-SUPERVISED PROCESS TO FACILITATE FORMAL SALE PROCESS * RECEIVES COMMITMENT FOR $35 MILLION IN NEW FINANCING TO SUPPORT ONGOING OPERATIONS * EXPRESS AND ITS SUBSIDIARIES HAVE FILED VOLUNTARY CHAPTER...
Rescuers race to those trapped by unseasonal floods in China's Guangdong
Rescuers race to those trapped by unseasonal floods in China's Guangdong
Apr 21, 2024
* Guangdong and other southern provinces hit by earlier-than-usual floods * Floods in Guangdong caused by intense convective storms * Rains expected to affect Guangdong for rest of April (Adds details, flight disruptions in paragraphs 4-6, company comments in paragraphs 8-10, economic losses in paragraph 12, graphic) By Mei Mei Chu, David Kirton and Liz Lee QINGYUAN, China, April 22...
Copyright 2023-2025 - www.financetom.com All Rights Reserved