MARKET TALK: Little Traction Seen In Cruise-Line Pricing

9th Jul 2010 14:17

9:17 (Dow Jones) Majestic Research's latest data suggest cruise-line pricing trends continue to stagnate. Although Carnival's (CCL) overall pricing trends appear flat both y/y and q/q, firm says net yields will fall in F4Q given the growth in capacity and lower euro. Firm sees a slight drop-off in Royal Caribbean's (RCL) European pricing as of late, while Caribbean pricing appears to be improving "somewhat." While the Oasis of the Seas is still garnering strong premiums, it continues to cannibalize the rest of RCL's fleet, firm adds. RCL off 1.5% off $24.25 premarket; CCL down 1% at $31.24. ([email protected]) Call us at (212) 416-2181 or email [email protected] Visit the Market Talk blog at www.djnmarkettalk.com. (END) Dow Jones Newswires July 09, 2010 09:17 ET (13:17 GMT)