Cruise ships are running cheaper than hotels, according to a report from NBC News on Sunday.
According to UBS leisure analyst Robin Farley, the price gap between hotels and cruises stems from their use: Cruise ships are generally used for leisure, while hotels are used in many cases for business travel.
After the COVID-19 pandemic, the travel industry was largely impacted as a whole. Since then, prices in the travel industry have continued to rise. On Wednesday, Hilton CEO Christopher Nassetta said during the company’s quarterly earnings call that the demand for leisure travel in the U.S. “is flat, maybe even a little bit down.”
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