Earnings Potential

Commissions to travel agents may provide a significant opportunity for savings, according to a report by UBS.

UBS pointed to Carnival Cruise Lines as having chipped away at distribution costs by growing more direct business. But the financial firm thinks that cutting commissions to agents would be more profitable than increasing the proportion of direct bookings.

The report also said that investor sentiment could shift from its concern about overcapacity to concern about there not being enough unit growth in 2005 and after, which may lead to a more positive view on future orders.

The cruise industry has never been a pricing power story, according to UBS. Instead of getting passengers to pay 10 percent more, growth has been about getting 10 percent more people to cruise.

But onboard revenue has been growing and UBS described it as "high margin, non-commission revenue" that has grown per passenger every year - even in difficult travel periods.

Cruise News | Top Cruise Stories

Wybcke Meier

TUI Cruises: Growth and High Guest Satisfaction

Jul 15, 2019
“We had a very successful beginning to the year with the launch of the new Mein Schiff 2 and the…
A Ship History of MV Zenith

A Ship History: The Zenith

Jul 13, 2019
A look at the history of the Zenith through the years; the ship has been in the news recently with…
Laura Miller

Royal Caribbean’s Miller Investing in Employees

Jul 12, 2019
“One of the important focus areas for us is leadership development both on the ships and ashore,”…
Antarctica21

Antarctica21’s New Ship Set for 2019 Debut

Jul 11, 2019
Antarctica21 has a fresh new brand identity and later this year will take delivery of its first…
Zenith

Zenith Will Sail for Peace Boat

Jul 10, 2019
The Pullmantur Zenith is heading to Peace Boat and will operate for the non-government organization…
Summer Magazine 2019

Cruise Industry News Releases 2019 Summer Magazine…

Jul 10, 2019
Cruise Industry News has released its Summer 2019 Quarterly Magazine issue focusing on European…
Britannia

UK Market Capacity and Growth Projections

Jul 09, 2019
British cruise ships have the capacity to carry nearly 1.5 million passengers in 2019, according to…
Global Cruise Ship Index 2020

2020 Global Cruise Ship Index Now Available for…

Jul 09, 2019
The new 2020 Global Cruise Ship Index by Cruise Industry News is now available for immediate…
50 Years Of Victory

Poseidon Expeditions Opens Reservations for 2020 North…

Jul 08, 2019
As Poseidon Expedition starts its sold-out season of voyages from Murmansk, Russia aboard the…
Vasco da Gama

Tourism Western Australia Announces Partnership with…

Jul 05, 2019
The State Government of Western Australia, through Tourism Western Australia, has announced that…
CIN Europe Market Report

2020 CIN European Market Report Out Now

Jul 02, 2019
The 2020 European Market Report by Cruise Industry News is now available, providing a complete…
Royal Caribbean Vessel

Royal Caribbean Inks Deal for Third Icon Class Ship…

Jul 02, 2019
Royal Caribbean Cruises today announced that it has entered into an agreement with shipbuilder…

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

125 Ships | 264,464 Berths | $70 Billion | View

New 2019 Annual Report

CIN Annual Report

In This Edition:

2027 Projections

Global Outlook

North America

Europe

Asia/Pacific

Fleet Data

Market Reports