Tag Archives: revenue

Cruise Lines Leverage Drydocks to Add Capacity to Existing Ships

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Cruise Lines Leverage Drydocks to Add Capacity to Existing Ships

Cruise lines continue to add a significant number of staterooms to existing ships during routine drydocks, as highlighted in the new 2026 Drydock Report from Cruise Industry News.

The additional capacity generally fills in under utilized public areas, with revenue that flows right to the bottom line.

Among upcoming programs, the 2016-built Ovation of the Seas will see the addition of 40 new staterooms, which will take over space currently occupied by various public areas.

Also included in the company’s modernization effort, the Harmony of the Seas is set to enter drydock in April for a refit that will include the creation of 91 additional staterooms.

A third ship is also getting a significant capacity increase with 68 new staterooms: the Liberty of the Seas.

Silversea’s Silver Muse saw a seven percent increase in 2025.

After entering drydock in November, the 2017-built vessel returned to service with 18 smaller staterooms replacing its original larger suites.

Norwegian Cruise Line continued to expand its ships’ capacities in 2025 by adding 26 additional staterooms to the Norwegian Bliss. The increase followed similar projects carried out onboard the Norwegian Joy and the Norwegian Encore in 2024.

A second ship, the Pride of America, saw the addition of 26 new staterooms during a drydock on the West Coast in May.

Other key capacity addition projects:

  • Celestyal Discovery – 47 new staterooms
  • Carnival Miracle – 5 new staterooms
  • Holland America’s Zuiderdam – 11 new staterooms
  • Norwegian Epic – 8 new staterooms

Cruise Lines 2024 Q3 Breakdown: By the Numbers

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La Ponant and AIDA Cosmos both enjoying good passenger numbers, photo credit Spacejunkie2 Flickr

Cruise Industry News takes a look at the financial performance of the “big three” cruise corporations following the third quarter of 2024.

Traditionally, the third quarter has been the key part of the year for cruise operators, as it spans the summer months with more family travel and more deployment into higher-yielding markets such as Alaska and Europe.

Carnival Corporation, the world’s biggest cruise company, delivered the best net income performance with $1.8 billion, up from $1.1 billion in the third quarter a year prior.

The company also outpaced the gains year-over-year from Royal Caribbean Group and Norwegian Cruise Line Holdings.

Net income per passenger day was $61.96 for Carnival, Royal Caribbean Group had $75.14 of net income per passenger day, while Norwegian Cruise Line Holdings came in at $72.82

Of note, fuel cost was up for both Carnival and Royal Caribbean, but down for Norwegian, which continues to make deployment changes to published cruises for fuel efficiency.

Follow the link below to see all the numbers from the 3 leading Cruise companies:

Cruise Lines 2024 Q3 Breakdown: By the Numbers

Royal Caribbean: More New to Brand Guests

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Independence of the Seas in Southampton Photo credit Spacejunkie2 (Flickr)

“In the second quarter, the per cent of guests were either new to the brand or new to cruise surpassed 2019 levels by a wide margin, and we have seen post-cruise repeat booking rates nearly double 2019 levels,” said Jason Liberty, CEO of Royal Caribbean Group, speaking on the company’s second-quarter earnings call.

“While we have made positive strides in narrowing the gap to land-based vacations over the last several months, cruising remains an exceptional value proposition, allowing us to outperform broader leisure travel as we seek to further close the gap to land-based vacations, drive better revenue and welcome even more happy customers,” he said.

Liberty said that the company had double the web traffic now compared to 2019.

“In addition, our travel partners are now fully back up and running and delivering more bookings than they did in 2019,” he continued. “Our improved commercial capabilities have allowed us to capture this quality demand and expand our share of the guest wallet.”

Part of the new brand strategy has been the company’s investment in the short cruise market, with refurbished ships and Perfect Day at CocoCay. That strategy takes the next step in 2024 with the new Utopia of the Seas, which will be positioned year-round in the short cruise market.

“Utopia will be the first Oasis-class ship that will be entirely focused on short cruises in the Caribbean, supporting our strategy of competing with land-based vacation alternatives and driving new-to-cruise customers into our vacation ecosystem as we seek to close the value gap,” Liberty said.

“Demand and pricing for Utopia have far exceeded our expectations.”