Royal Caribbean hikes price for drink packages

Image result for royal caribbean drinks package

The cost of quenching your thirst on Royal Caribbean International is going up in 2019, at least if you buy a bundled package of beverages in one of three plans.

The Deluxe Beverage Package, which includes alcoholic drinks as well as most types of nonalcoholic beverages, is rising to $63-70 a day, up from the 2018 rate of $57-63. The cost varies from ship to ship and sailing to sailing.

The Premium Refreshment Package charge will be $29 a day, up from $26-29 currently. The packages include premium coffees and teas, bottled still and sparkling water, fresh squeezed orange juice, non-alcoholic cocktails and fountain sodas, as well as Coca-Cola Freestyle beverages.

The Soda Package will cost $12.99 a day, up from $8.50-9.50.

Raising the prices amounts to an 11% increase on average for the Deluxe package, an 11.5% maximum increase for the Premium package and a 44% increase on average for the Soda Package.

Inflation in the overall economy in September was reported at an annual rate of 2.3%.

Jotun: Higher Raw Material Costs Will Force Price Increase

SkySea Drydocking

Jotun has posted a profit before taxes of NOK 464 million on revenues of NOK 5.6 billion for the first four months of 2018, compared to profit before taxes of NOK 643 million on revenues of NOK 5.3 billion for the same period last year.

The company said that sales increased by 6 per cent compared with the same period last year, driven by growth in Decorative Paints and in the Protective and Powder Coatings segments. However, weak demand for new tonnage in the shipping industry depressed sales of Jotun Marine Coatings.

According to Jotun CEO Morten Fon, one in five vessels trading today are coated by Jotun.

“Jotun remains the world’s largest marine coatings supplier so when the market is weak, it impacts our business,” he said. “In the short term, we do not anticipate improvement in this market. The remaining three segments experience good sales growth”.

The decline in earnings was also attributed to rising raw material prices as well as lower sales of marine coatings.

“We have seen weak marine and offshore markets for a long time, and expect this to continue also going forward,” said Fon. “We have taken steps to adjust to this challenge by controlling costs rigorously. As the effect of increased raw material prices will continue to influence Jotun in the months to come, price increases will be necessary.”

Crystal to raise prices on most cruises

By Tom Stieghorst

Crystal Cruises said it would raise fares on 94% of its 2014, 2015 and 2016 cruises on March 1, reflecting strong demand.

Under its “Book Now” program, the luxury line assesses its fares every 60 days and raises them on itineraries that are selling sufficiently well to support it.

Crystal said fares would increase on more than 120 cruises for the next “Book Now” period ending April 30.

The line said 2014 is already 78% booked, and 2015 bookings are 42% ahead of this same time last year for 2014.