BofA flags ‘modestly softer pricing’ for cruise ocean markets

BofA earlier today flagged “modestly softer pricing” in ocean markets relative to early May for the cruise lines. On a sequential basis, 40% of cruise itineraries had softer pricing in early June compared to 33% in May, but well below the 60% seen in the early March survey, the analyst told investors in a research note. For the first time, the firm introducing Viking Holdings (VIK), which it says has shown less volatility than large ocean markets as nearly 60% of Viking’s itineraries had flat pricing sequentially.