After the attack on the oil fields of Saudi Arabia, cruise line stocks took a hit. Cruise ships use huge amounts of fuel in order to power those massive ships. And they have to deal with the same thing you do when it comes to filling up the tank in your car. When fuel prices go up, you pay more at the pump. Cruise lines deal with the same thing.
So far, the cruise lines haven’t raised prices. But in a capitalistic market, when operating costs rise, they’re reflected in the price of the product. Time will tell the long-term effect on the market will be. However, the smart move is to lock your price in before prices change.
If you’re ready to book a cruise, click here to schedule a free cruise consultation so we can get you on your dream cruise before prices go up.