New Bahamas Cruise Resort, New Deadline for Final Payments

Editorial Summary

Doug Parker provides several updates regarding cruise industry developments, including a new destination for Carnival and changes to ship deployments. Carnival has announced a new resort on Grand Bahama Island located seventeen miles east of Freeport. This destination is scheduled to open next July and will feature a water park, an adults only area, the largest pool in the Caribbean, various dining options, and a private beach club. The property will include swim up bars and floating cabanas, with the space divided into specific areas called portals. Additionally, Carnival Corporation is redeploying twelve ships from seven different brands out of the Red Sea area through May 2024. Despite these redeployments, the company reports no significant impact on booking trends and has no voyages planned for that region until November. MSC and Silversea Cruises have also rerouted ships from the Red Sea. Finally, Celebrity Cruises has updated its final payment schedule for sailings lasting fifteen nights or longer. For these specific trips, excluding those to the Galapagos, the final payment is now due 120 days before departure instead of the previous 90 day requirement. The report concludes with a brief overview of cruise line stock performance.

Written by TripBacon from this video's transcript.