Las Vegas Strip Casinos Have Good News for Royal Caribbean, Carnival
Las Vegas Strip Casinos Have Good News for Royal Caribbean, Carnival and Norwegian Cruise Line Holdings Ltd. Report offers a cruise for guests staying in Las Vegas for a few days. Caesars Entertainment has a similar deal with a casino chain as MGM Resorts International. Since the pandemic, some customers that are important to the cruise industry and Las Las have stayed away.
Older, international tourists are returning to Las Vegas. The 55-plus segment of the audience has been more cautious about travel than younger customers. Until recently, they had to undergo a vaccination and a covid test to enter and leave the United States. Now, the tests are no longer required. The results in the 55+ segment were up for the first time since COVID began. Caesar's CEO Tom Reeg reports that the company is encouraged about the future of its business.
Cruise lines are well-positioned for a tough economy as they offer all-inclusive packages. Royal Caribbean's CEO Jason Liberty says that the combination of consumers' propensity to experience in travel and demographic trends is driving demand. The company has been more than making up for the lower prices with increased onboard revenue.