ROYAL CARIBBEAN CANCELS PANAMA CANAL SEASON - CRUISE NEWS

Editorial Summary

The creator discusses recent developments regarding Royal Caribbean and Walt Disney World. For Royal Caribbean, the video highlights the closure of the hot air balloon ride at Perfect Day at CocoCay for several months, which has resulted in the cancellation of pre-booked excursions. Additionally, the creator reports that Royal Caribbean has canceled the Panama Canal season for the Rhapsody of the Seas for 2023 and 2024, opting to sail to the ABC islands instead. The video outlines the compensation options provided to affected passengers, including refunds for price differences, full refunds for cancellations, or transfers to other cruises, though the creator notes a lack of additional incentives like onboard credit. Regarding Walt Disney World, the creator analyzes recent quarterly earnings. While Disney reported high future bookings for its cruise lines at 98 percent capacity, the creator argues this figure may be low compared to competitors like Royal Caribbean or Carnival, which often exceed 100 percent capacity due to multi-passenger staterooms. The video concludes by mentioning rumors of declining attendance at Disney's Orlando theme parks and suggests the company may need to readjust its strategy to remain competitive.

Written by TripBacon from this video's transcript.