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Weekly UpdatesWachovia
Year-over-year pricing for bookings made 60 days before departure appears to have generally stabilized since January, according to a quarterly survey done by Tim Conder, managing director-leisure equity research for Wachovia Capital Markets. Caribbean pricing continues to show the most resilience with fares down 10 to 20 percent for Carnival Cruise Lines and Royal Caribbean International. European pricing is down 15 to 20 percent. Condor said trends for the third and fourth quarters Oappear to again be stabilizing for Carnival but generally eroding to new lows as of mid-May for Royal Caribbean.O www.wachovia.com. May 28, 2009
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