""Fuel surcharges are not a stranger to the cruise industry," says Leslie Fambrini, a travel specialist. This indicates that such fees have been previously implemented and are part of the industry's pricing strategies."
""It's in the fine print of the terms and conditions," Woronka says. This highlights that many cruise lines reserve the right to add fuel surcharges retroactively, affecting previously booked voyages."
""What seems increasingly likely is that a surcharge might begin to be added to new itineraries," according to Woronka. This suggests a trend where cruise lines may standardize fuel surcharges across their offerings."
""That means they are absorbing only about half of the rise in fuel prices," Woronka explains regarding hedging. This shows how some cruise lines manage fuel price volatility to protect their pricing structure."
Cruise lines are beginning to add fuel surcharges due to rising oil prices, with StarDream Cruises implementing fees for new bookings. These surcharges range from $19 to $26 per night per guest. Experts suggest that other cruise companies may follow suit, and unlike airlines, cruise lines can retroactively apply these fees. Some cruise lines hedge fuel costs to mitigate price increases, with Royal Caribbean and Norwegian Cruise Line reporting significant hedging for future fuel purchases, thus limiting their exposure to rising oil prices.
Read at Conde Nast Traveler
Unable to calculate read time
Collection
[
|
...
]