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Big Three Cruise Corporations Set to Spend $2 Billion Food in 2023

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Carnival Corporation, Royal Caribbean Group and Norwegian Cruise Line Holdings are on pace to spend roughly $2 billion on food and beverage items in 2023, according to Cruise Industry News estimates.

This is based on third quarter spending this year, which saw Carnival spend $259 million, Royal come in at $195 million and Norwegian at $77 million.

Compared to the last “normal year” in 2019, food spending was up at Royal Caribbean Group and Norwegian Cruise Line Holdings. The former spent roughly $150 million on food in the third quarter of 2019, while Norwegian spent $57 million.

Both companies have seen fleet expansion since then. Royal Caribbean Group not only completed its acquisition of Silversea but has welcomed a number of new big ships such as the Wonder of the Seas, Celebrity Apex and Celebrity Beyond.

Norwegian has also seen growth with the additions of newbuilds for the Norwegian and Regent brands since the third quarter of 2019.

Carnival, meanwhile, saw a reduction in food spending while growing with big new ships, but has also disposed of over 20 ships from its fleet over the same period.

 

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