I have a cruise booked this time next year for two people. I booked about 9 months ago for a club class mini suite with princess plus.
Earlier this year the cruise reduced significantly in price and extras such as onboard credit and port parking became available. For £50 ($60) pp i switched to the new fare saving us about £700 ($860) total.
Now the fare has reduced again, albeit not by as much (£370 total). The new fare also doesnt include parking but it does include the same OBC. Parking will cost me £95 so the difference reduces to £275 total. I then need to pay the £100 admin fee to switch fares so I'm down to a total saving of £175 which - because I have a cabin I want - leaves me feeling it's probably not worth switching at the moment.
How likely is it that the fare will drop further? If it dropped further I would probably switch, but obviously the more times I need to pay an admin fee the less benefit I'm getting.