mnocket
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Everything posted by mnocket
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Carnival Cruise Line Cracks Down On Deck Chair Hogs
mnocket replied to mnocket's topic in Princess Cruises
Instead of monitoring the lounges all day long, it seems to me that all they really need to do is monitor in the morning when the chair hogs arrive early to "reserve" their lounges. It's the people who place a towel on the lounge at 8am and then disappear until after lunch that need to be stopped. Stop the "early bird reservation" practice and you've solved the majority of the problem. jmho- 150 replies
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If the chair remains unoccupied for 40 minutes, the contents are removed and held for the guest’s safekeeping.” This policy is not new to Carnival, but it has not always been enforced. I hope this is extended to all CCL brands. https://cruiseradio.net/carnival-cruise-line-cracks-down-chair-hogs/
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Restaurants in/near Hotel Intercontinental Miami
mnocket replied to snorkle lover's topic in Regent Seven Seas Cruises
Here's a hidden gem about 4 blocks from the hotel. Alloy Bistro Gourmet https://alloybistro.com/ -
Sailing on the Coral Princess for the first time
mnocket replied to Spikesgirl's topic in Princess Cruises
I love the Sanctuary on the Coral. It was great every day, but outstanding for the Panama Canal transit. -
What does RCCL stock price drop mean.
mnocket replied to weregoingcruising's topic in Celebrity Cruises
Actually of RCL, CCL & NCLH, only CCL is trading below it's Covid low (the others are headed that way😕. Your point is still valid..... confidence in the cruise industry is about as bad as it was during Covid when no ships were sailing. Their stocks are highly speculative now as some may very well go to zero - however, those that survive will eventually yield 2X, 3X, 4X sized returns from these prices. -
Was that by any chance the Excellence? I ask because that's the one that caught my eye and we'll be giving it a try next Jan.
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Same here. We did our first all inclusive resort vacation last year. Like you we choose Cancun. We had no idea what to expect. Turns out we too absolutely loved it! Totally relaxing. The cost of a high-end resort is comparable to what we are used to spending on cruises. We are returning to Cancun in January '23 for 8 days in the same resort and then spending another 8 days in a different resort that also caught our eye. If it wasn't for Covid we probably never would have tried all inclusive resorts. Our first post-Covid cruise is booked for Dec '23, but we will cancel if Covid restrictions are still an issue.
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Totally agree. Every cruise line web site I've used has been poorly designed and often plagued by bugs. The only reason I can see for this is that they simply don't put much value on their web sites. Perhaps the majority of their bookings come through travel agents? If not, maybe they want to drive customers in that direction. Maybe both.
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After seeing how crowded the life boats are and imagining spending several days without the ability to move around - with people getting sea sick - with no bathroom facilities - with people behaving like people tend to do in uncomfortable situations..... I have to wonder, when the alarm sounds would I head to the life boats or the bar.🤔
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The bleeding hasn't stopped. The market is making a nice rebound today. NCLH & RCL are up a percentage point or so. However, CCL continues to fall, now down about 2%. I don't really understand this divergence between CCL and the other cruise line stocks. Is CCL really seeing more serious problems than the other lines?
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Maybe - maybe not. Crystal requires large and early deposits. When they went belly up there were many who lost tens or thousands of dollars. Take a look at the Crystal board for first hand reports. I agree that it's often the case that customers are kept whole, but there are always exceptions. I have my first cruise on Regent Seven Seas (NCLH) booked for the end of 2023 and I will have to reassess the risk when final payment comes due. It certainly isn't zero.
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Are Major Cruise Line Bankruptcies Back on the Table?
mnocket replied to mnocket's topic in Ask a Cruise Question
This is what makes markets work. You need buyers and sellers. Some believe a company/sector is on the rise and others believe it's in decline. I don't personally find your arguments compelling, but I'll place my bets in the stock market - not with private parties. fwiw I still own some cruise line stocks, but any more news like CCL's and I'll sell them all. My gut tells me Virgin is among the most likely to close down, but I haven't done a financial deep dive because I don't own their stock. -
Are Major Cruise Line Bankruptcies Back on the Table?
mnocket replied to mnocket's topic in Ask a Cruise Question
Thanks. However there seems to be another side to this coin. If you book through a TA, any money you paid to the TA that they hadn't passed along to the provider would also not be covered (i.e. it's between you and the TA. There is no 3rd party). fwiw I'd also read that it's important to confirm that the TA will use your credit card (not theirs) to make payment to the provider. -
Are Major Cruise Line Bankruptcies Back on the Table?
mnocket replied to mnocket's topic in Ask a Cruise Question
Closing prices... CCL Down 23.25% NCLH Down 18.04% RCL Down 13.14% We got ourselves a bloodbath! -
Are Major Cruise Line Bankruptcies Back on the Table?
mnocket replied to mnocket's topic in Ask a Cruise Question
Neither am I, but they are on a short leash. If we get more negative news from other lines I'll bail. I rode a couple stocks to zero during the tech bubble - lesson learned. -
Are Major Cruise Line Bankruptcies Back on the Table?
mnocket replied to mnocket's topic in Ask a Cruise Question
I had no idea this was the case. Is it true for all/most policies? -
Are Major Cruise Line Bankruptcies Back on the Table?
mnocket replied to mnocket's topic in Ask a Cruise Question
Unlikely, but not impossible. People lost megabucks on Crystal bookings. -
RCL seems to be in better shape than CCL & NCLH, but that's not saying much. CCL just issued a pretty dire earnings update causing all cruise line stocks to tank. Most interesting to me is that CCL is now trading below its Covid low! Imagine that... investors now think CCL is worth less than it was during the Covid shutdown. Advanced bookings are down - the reopening surge is waning. Pricing power seems to have disappeared. Labor shortages remain. Worst of all, rising interest rates along with faltering financial performance will make refinancing their huge debts much more expensive. 6 months ago I bought some cruise line stocks because I thought the worse was over. Mistake. I now feel one or more major cruise line bankruptcies is more likely than not in 2023.
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It looked like they were climbing out of the weeds. They survived Covid and restrictions are becoming a thing of the past. They were able to raise enough capital to survive until things got back to "normal". Now we hear from CCL ..... "Carnival (CCL) missed EPS and EBITDA estimates with its report and the update on advance bookings for Q4 fell below the historical normal range, which was unexpected just a few weeks ago. The cumulative advance bookings for the quarter were also noted to be at lower prices." And the market responded harshly - CCL -19%, NCLH -14%, RCL -10%. For reference, CCL is now BELOW its COVID low! It seems the anticipated surge in bookings is fading. Their reopening pricing power is no more. Labor constraints persist. Perhaps most importantly, rising interest rates and poor financial progress will make refinancing their existing debt VERY expensive. Given all this, one has to ask.... SHOULD WE BE EXPECTING MAJOR CRUISE LINE REORGANIZATIONS AND BANKRUPCIES IN 2023? I'm starting to think it's more likely than not.