Cruise lines appear to be little affected by any slowdown in consumer spending. Are travelers saying bon voyage to recession worries?
On Tuesday’s Fast Money, CEO Bob Iger told us that Disney’s cruise line vacations were doing brisk business. “Our ships are 85% booked for the year,” he said, “which is about 8 points ahead of where we were this time last year."
I think there’s been a transformation in the travelers going on these cruises, explains Karen Finerman. It seems to me that families go on cruises these days. Also cruises aren’t terribly expensive vacations.