Cruise Line Doubles Compensation After Two Cancellations

Editorial Summary

Doug Parker reports on recent updates within the cruise industry involving compensation changes and reservation policies. Princess Cruises has increased the future cruise credit offered to passengers affected by two recent cancellations of the Regal Princess. Following guest pushback, the credit amount rose from 25 percent to 50 percent. These cancellations occurred during transatlantic crossings due to mechanical issues discovered on sailings from Galveston, Texas. The increased credits are automatically applied to impacted accounts and remain valid for sailings through May 2026. The Regal Princess is expected to complete repairs before its upcoming weekend sailing. Additionally, Royal Caribbean has modified its courtesy hold policy for potential reservations. The company now offers a maximum hold time of five days without a deposit to assist travel agents and encourage faster booking. Hold durations vary based on departure dates, and the company will no longer provide hold extensions. Automatic cancellations will occur nightly if deposits are not received. Finally, the report notes mixed performance for cruise line stocks, with Carnival Corporation, Royal Caribbean, and Norwegian seeing declines while Viking experienced an increase.

Written by TripBacon from this video's transcript.