Cruise industry rebounds, surpassing pre-pandemic booking and pricing levels.

The cruise industry is rebounding, with bookings and pricing surpassing pre-pandemic levels, driven by their affordability compared to hotels. Net revenue per passenger day is 17% higher than in 2019, while hotel prices have surged. Increased direct bookings and onboard revenue contribute to growth, as cruise lines enhance services like high-speed internet. Wall Street analysts are optimistic, anticipating continued demand amid a challenging travel market.