RCL Changes its Deposits

[Cruising Caribbean]

Royal Caribbean Line shared it will be increasing deposit amounts, utilizing a percentage rate versus the previous flat rate for suite bookings. How does everyone feel about this change? I think it's a smart way to possibly earn a few extra bucks for the cruise line. The line sure is working hard to recover its losses.

[kefthecruiser]

@Cruising Caribbean I think it's a great idea! As a solo cruiser, when I splurge it's for a balcony otherwise I'm in an oceanview cabin. 

On a serious note, this is mainly a cash flow issue for anyone actually taking the cruise and it also gives the cruise line a better sense that these popular cabins are actually sold while providing funds earlier. So, extra funds = pay some debt = less future interest = more profit. Yippee for upper management. Can I be CEO for a day?

Edited May 25, 2023 by kefthecruiser
typo

[Cruising Caribbean]

@kefthecruiser I love the sarcasm. I do think with this analysis you would make a pretty good CEO. I don't think that you would want to do it for more than a day, too much responsibility, not enough time to cruise. It's sort of wild to think that CEOs of cruise lines aren't really spending that much time vacationing on cruises. It's pretty contradictory. It's much better to stay out of that role and enjoy more time on the high seas. I think it's a smart strategy that probably doesn't matter to most.