Price drops because of financial fears?

[Slitelyused]

We are already down to $46 a day,,,I dont see how they could possibly go any lower,,and thats a modified cabin with a picture window facing front on the lido deck,,,,I love it cause i'm close to all the food,,,

[bumorgan]

On my Alaskan trip I booked at the height of the recession. The west coast was seeing up to 25% unemployment. Princess instituted a 2 for 1 price on their cruises. 7 day cruise for 2....$900 total:)

[Heirloom]

..........

 

The economy isn't tanking...........

 

 

 

Whew ! Thanks ! I must be totally off my beam to have thought otherwise !!!!!!

 

Personally, Carnival IMHO stands in the very best position. Should be able to keep rates steady, if cruisers from higher-priced competition trade "down" due to budgetary concerns.

 

And cruising is one of the best value vacations available.

[jzozo]

Don't think so. We usually go in October and book about 30 to 60 day's out . This year we can't seem to find any deals. Prices seem to be going up. I think the early saver fair is killing the deals. Were trying to get a 7 day outside for under $1000 total per room.

[Smithkids5521]

I see what your saying about 9-11.

 

I was just hoping the cruise lines would be motivated by a little financial fear and reduce pricing accordingly. I probably won't happen unless they begin to see a drop in bookings.

 

I am afraid they might actually raise prices... due to increased fuel costs, increase price of food, etc. My cruise is already paid for but that would definitely mean no price drops :(

[repo-cruiser]

Just think of the drop in oil prices as saving you from having to pony up fuel surcharges. And for Carnival stock holders, maybe an increase in quarterly dividends:).

 

The economy isn't tanking. It's just not growing, or growing very very slowly insome sectors.

Your joking right. In the last 2 years unemployment has gone from 6.3% to 9.2% the deficit has doubled in 2 years. small businesses have declined 18%. The economy is going down worse than it has it 50 years, the stock market had the 4rth worst day in history 2 days ago and is down big today. The only growing is the gov't and the deficit.:mad:

[simplylife0010]

I don't think that you're going to see prices drop a lot. Hopefully people have enough common sense to not sit and listen to every word that we see on TV or read in the paper. Right now the media is doing more harm than good with all of this so called information that they are spreading around. While we are cautious, we are not cutting back on our plans. The worst thing that can happen is for people to quit spending money.

[golfadj]

Carnival stock is an investment and should only be purchased as an investment.

 

The obc is icing on the cake. Will save we do love the icing though.

[tef43]

I was just hoping the cruise lines would be motivated by a little financial fear and reduce pricing accordingly.

Absolutely not. Pricing is driven by supply and demand, simple Econ 101. Prices will drop if a given sailing is not selling.

[firefly333]

No I think I got it right. Inflation Rates Annually in the US.

 

You can check them here: http://www.fintrend.com/inflation/Inflation_Rate/CurrentInflation.asp

 

Im not throwing the cost of houses in the mix.. Im counting day to day costs, are up.

[DebBrown]

And we are down to $29.42 per share. This keeps up and I'll be buying 100 shares as well.

[elcuchio24]

No. The prices have barely started to rise again after the '08 drop.

[elcuchio24]

And we are down to $29.42 per share. This keeps up and I'll be buying 100 shares as well.

 

It's still got room to run down, so does RCl. I'll wait til under 25 to buy again.

[elcuchio24]

I am afraid they might actually raise prices... due to increased fuel costs, increase price of food, etc. My cruise is already paid for but that would definitely mean no price drops :(

 

increased fuel costs? Oil has dropped by $30 a barrell in the last month....

[firefly333]

The most Iv ever paid for a 5 day cheapie cabin was $229 pp .. I just paid $279 for 5 days, X 2 for a solo cabin... and now I just saw the cheapest is $399, triumph, Nov 7th.

 

Hardly looks like prices are dropping to me to pay more than I have since 2006.

[firefly333]

[quote name='elcuchio24']increased fuel costs? Oil has dropped by $30 a barrell in the last month....[/quote]

up year over year. One reason carnival cited for lower profits last qtr was the increased fuel prices.

[travler27]

Inflation is low if you only go by the doctored government figures.

Go the the grocery store, gas station, pharmacy, building supply store, auto dealer, car repair shop, doctor, hospital, cruise line and on and on.

Then tell me there is no inflation.

[cruzeluver]

I work in the hospitality industry (for a very large hotel company) and what we are seeing is that people are still taking vacations, and are even still willing to pay good money for them, as long as they believe they are getting a good value.

[elcuchio24]

[quote name='firefly333']up year over year. One reason carnival cited for lower profits last qtr was the increased fuel prices.[/quote]

I just can't imagine they'd wait til NOW after oil has dropped to implement a surcharge or up the rates because of oil, I can't see that happening.

[firefly333]

[quote name='elcuchio24']I just can't imagine they'd wait til NOW after oil has dropped to implement a surcharge or up the rates because of oil, I can't see that happening.[/quote]

?? Im not sure anyone else thought they would implement fuel surcharges here either.

Just saying the price of fuel is up year over year, which carnival cited as affecting the bottom line, so the recent drop should help carnival if the drop in oil lasts... just seems to have started.

[bingo3]

We can hope......:D

[Too blessed to be stressed]

How much per share now? Just checking if anyone knows.

[patticake1129]

[quote name='Too blessed to be stressed']How much per share now? Just checking if anyone knows.[/quote]


just checked on Carnival web site, they have it listed as $31.47 per share, I have been thinking about investing some as well.

[mntravler]

YOO HOO we just bought 100 shares of carnival stock.
It sure feels good to be an owner of this great company.

[Kevin_Mac]

[quote name='Herbaltees']FYI: At $30 a share, and $200 OBC per sail, you would have to book 15 cruises to break even.

and the price of carnival stock is dropping fast, it was at $32 last Thursday.[/quote]

Not true as it is currently paying a 3.2x% dividend. They pay you to hold the stock while you wait for your next cruise! :D