New cruise ships

The cruise industry is experiencing a resurgence, with major companies like Carnival Corp and Royal Caribbean Group reporting record onboard spending and high demand. However, budget cruise options are becoming scarce, with fewer than 630 itineraries priced under $100 per day compared to around 2,000 in 2022. New mega-ships like Royal Caribbean's Utopia of the Seas are catering to a younger demographic, offering shorter three- and four-day cruises with extensive onboard amenities. Meanwhile, Princess Cruises is set to debut the Crown Princess, Australia’s largest full-time cruise ship, which will embark on a record world cruise in 2025. The revival in air travel is also contributing to the growth of global tourism, as airlines expand their services and restore normal operations. Overall, the travel landscape is evolving with a blend of luxury, affordability, and new experiences for travelers.