Cruise Hacking – Low-Cost Travel on the High Seas

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With a collection of cruise hacks, savvy travelers are discovering ingenious ways to make their cruising dreams a reality at a fraction of the cost. Now could be the right time to catch the cruise wave.

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After mass disruptions triggered by the pandemic, the global cruise industry is back with a vengeance, according to the Cruise Lines Industry Association’s 2023 annual report,

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“2023 is the last ramp-up year with 2024 being the truly ‘normal’ year, for real this time,” said Truist Securities Analyst Patrick Scholes in March. Scholes believes the industry is on track again after a solid start to 2023 with reduced price discounting and a surge in bookings.

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All aboard?

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Cruises are a crucial expense item for many retirees in their optimal retirement plan. To afford such a high-ticket item, would-be travelers can save with an investment plan through a portfolio of high-performing ETFs, investment-grade bonds, or another mixture of assets.

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“Cruising offers a unique blend of travel, comfort, and convenience. Particularly for retirees, it could serve as a gateway to a nomadic lifestyle, allowing them to explore the world without leaving the comfort of their ‘home,'” says Jorey Bernstein, CEO of Bernstein Investment Consultants.

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Timing is the name of the cruise hacking game. This holds for the average cost of the cruise itself (the same cabin can be much cheaper during the off-season than peak) and when you book. Beat the rush by booking early or late to score a good deal.

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“Last-minute cruise deals can be a gold mine but come with inherent risks,” Bernstein adds. “The safer route is to watch deals offered directly by cruise lines or trusted agencies, balancing spontaneity with security.”

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