Cruises are jam-packed and overbooked Cruise operators are seeing occupancy rates above 100% — as passengers took advantage of deals late last year. For some, that’s nearly double the occupancy rate from 2022. Jack, I’m flying! Cruise lines are slowly rebounding from their COVID lows when sales fell as much as 90%. Royal Caribbean (NYSE:RCL) is up 57% this year — seeing booking volumes higher than pre-COVID days.
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