Cruise industry rebounding


Published Sep 22, 2012 at 05:00AM / Updated Nov 19, 2013 at 12:31AM

LOS ANGELES — With a wrecked cruise ship still half submerged off the coast of Italy and Europe mired in economic troubles, the world’s cruise line industry has been navigating turbulent waters.

Industry leaders and analysts say the $37 billion industry is slowly rebounding from the crash of the Costa Concordia on rocks near the Tuscan island of Giglio in January and Europe’s economic woes.

With the peak cruise booking period set to begin in January, industry executives say cruise trip reservations seem to be on the rise. A survey of 300 travel agents in North America in July found that 64 percent expected bookings in 2012 to surpass last year’s numbers.

The Concordia accident seems to have had only a temporary effect on passenger bookings, and barely dented bookings by U.S. cruise passengers.

— From wire reports