What Happens If There Is a Price Drop On A Cruise? Understanding Your Options

by | Jun 30, 2023 | Cruise Planning & Cruiser Lifestyle

Nothing makes me happier than when there is a price drop on a cruise that I have booked. However, there are some things that you must know to be able to take advantage of the price drop.

If you've ever booked a cruise, you know that prices can fluctuate. It can be frustrating to see the price drop after you've already paid for your trip. However, it's important to know that you may be able to take advantage of the lower price and get some money back.

Most cruise lines have policies in place for price drops. If the price of your cruise goes down after you've booked it, you may be able to get a refund for the difference. However, the rules and restrictions vary depending on the cruise line and the specific fare you booked.

It's important to keep in mind that not all price drops are created equal. Just because you see a lower price for your cruise doesn't necessarily mean that you'll be able to take advantage of it. There may be restrictions on the new fare, such as different cabin categories or fewer perks included. Before you try to rebook at a lower price, make sure you understand all of the terms and conditions.

Understanding Cruise Price Drops

Cruise prices can be unpredictable, and it's not uncommon for prices to drop after booking. Understanding what happens when a cruise price drops is important for any traveler who wants to get the best deal possible. In this section, we'll take a closer look at cruise price drops and what they mean for passengers.

When a cruise price drops, it means that the cost of the cruise has decreased since the time of booking. This can happen for a variety of reasons, including changes in demand, new promotions, or changes in the itinerary. Regardless of the reason, a price drop can be frustrating for passengers who have already booked their cruise.

However, passengers who are aware of the cruise line's policies regarding price drops can take advantage of these changes and potentially save money. Most cruise lines have policies in place that allow passengers to receive a refund or credit if the price of their cruise drops after booking.

The specifics of these policies can vary between cruise lines, but there are some general rules that apply across the industry. For example, most cruise lines will only honor price drops that occur within a certain timeframe. This can range from 24 hours to several weeks after booking, so it's important to check the specific policy for your cruise.

Additionally, most cruise lines will only honor price drops for passengers who have not yet made their final payment. If you've already paid for your cruise in full, you may not be eligible for a refund or credit.

Passengers who do qualify for a refund or credit will typically receive the difference between the original price and the new, lower price. This can be issued in the form of a credit to your onboard account, a refund to your credit card, or a future cruise credit.

It's important to note that not all price drops are significant enough to qualify for a refund or credit. Small changes in price, such as a few dollars per person, may not be eligible for compensation. However, larger price drops can result in significant savings for passengers who are able to take advantage of them.

Overall, understanding cruise price drops is an important part of getting the best deal on your next cruise. By staying informed about the cruise line's policies and keeping an eye on the price of your cruise, you can potentially save money and enjoy a more affordable vacation.

Role of Travel Agents in Price Drops

Travel agents can play a crucial role in helping travelers take advantage of a price drop on a cruise. They can help their clients navigate the complex world of cruise pricing and ensure they get the best deal possible. In this section, we'll explore how travel agents can help you leverage price drops and negotiate with cruise lines to get the best possible price.

Leveraging Travel Agents

One of the key benefits of working with a travel agent is their ability to monitor price drops and help you take advantage of them. Travel agents have access to tools and resources that allow them to track prices for different cruises and itineraries. When a price drop occurs, they can quickly notify their clients and help them rebook at the lower rate.

In addition to monitoring prices, travel agents can also help you find the best deals and promotions for your cruise. They can leverage their relationships with cruise lines and other travel providers to secure exclusive discounts and perks that may not be available to the general public.

Negotiating With Travel Agents

If you've already booked a cruise and the price drops, your travel agent can help you negotiate with the cruise line to get the lower rate. They can work on your behalf to request a rate adjustment or onboard credit to compensate for the price drop.

When negotiating with the cruise line, travel agents can use their knowledge of the industry and their relationships with cruise line representatives to get the best possible outcome for their clients. They can help you understand the terms and conditions of your booking and ensure that you're getting a fair deal.

Overall, working with a travel agent can be a valuable strategy for taking advantage of price drops on cruises. They can help you navigate the complexities of cruise pricing and ensure that you're getting the best possible deal.

Booking and Rebooking Strategies

When it comes to booking a cruise, there are a few strategies that can help you save money, especially if you're looking to rebook for a lower price.

Booking Early

Booking early is one of the best ways to secure a lower price on a cruise. Many cruise lines offer early booking discounts, which can save you hundreds of dollars. In fact, some cruise lines offer their best prices to those who book six months or more in advance.

If you're planning to book early, it's important to keep an eye on the price of your cruise. Prices can fluctuate, so it's a good idea to check back periodically to see if the price has dropped. If it has, you may be able to rebook at the lower price.

Rebooking for Lower Prices

If you've already booked your cruise and the price drops, don't worry. You may still be able to take advantage of the lower price. Many cruise lines offer price protection guarantees, which means that if the price of your cruise drops after you've booked, you can rebook at the lower price.

To take advantage of this, you'll need to keep an eye on the price of your cruise. Most cruise lines will only honor price drops within a certain timeframe, typically within 48 to 72 hours of booking. If you notice a price drop within this timeframe, contact the cruise line to see if they will adjust the price for you.

If you're outside of the timeframe for price protection guarantees, you may still be able to rebook at a lower price. Some cruise lines offer last-minute deals, which can be significantly cheaper than the original price. Keep an eye on the cruise line's website or sign up for their email newsletter to stay informed about last-minute deals.

In summary, booking early and keeping an eye on the price of your cruise can help you save money. If the price drops after you've booked, take advantage of price protection guarantees or look for last-minute deals to rebook at a lower price.

Dealing with Final Payments and Refunds

Understanding Final Payment Dates

Final payment dates for cruises can vary depending on the cruise line and the length of the cruise. For example, Royal Caribbean's final payment date is 75 days prior to the sailing date for 1 - 4 night cruise vacations and 90 days prior to the sailing date for 5-night or longer cruise vacations. However, the payment schedule for groups may differ from that of individuals. It is important to be aware of the final payment date for your specific cruise to avoid late fees or cancellation.

Claiming Refunds

If there is a price drop on a cruise after final payment has been made, some cruise lines may offer refunds or onboard credits. However, it is important to note that not all cruise lines have this policy. For example, Norwegian Cruise Line does not offer refunds for price drops after final payment has been made. In this case, passengers may want to consider booking with a different cruise line that does offer this policy.

To claim a refund or onboard credit, passengers should contact their travel agent or the cruise line directly. Some cruise lines may require passengers to fill out a claim form or provide proof of the lower price. It is important to follow the cruise line's specific instructions for claiming a refund or onboard credit.

Passengers should also be aware that there may be restrictions or limitations on the refund or onboard credit. For example, the refund may only apply to the difference in price and not include taxes or fees. Additionally, the onboard credit may only be valid for certain purchases on the cruise.

In conclusion, passengers should be aware of the final payment date for their cruise and the cruise line's policy on price drops after final payment has been made. If a price drop does occur, passengers should follow the cruise line's specific instructions for claiming a refund or onboard credit and be aware of any restrictions or limitations on the refund or credit.

Cruise Promotions and Price Drops

Recognizing Promotions

Cruise lines often offer promotions to entice travelers to book their sailings. These promotions can include discounts on the base fare, onboard credits, free upgrades, or other perks. To take advantage of these promotions, travelers should regularly check the cruise line's website or sign up for their email newsletter to stay informed.

Some promotions may have specific booking windows or restrictions, so it's important to read the fine print before booking. For example, a promotion may only be valid for new bookings made within a certain time frame or for specific sailings.

Navigating Price Drops

If a traveler has already booked a cruise and then sees a price drop, they may be able to take advantage of it. Many cruise lines offer price protection guarantees, which means that if the fare for a booked sailing drops, the traveler may be eligible for a refund or onboard credit.

To take advantage of a price drop, travelers should monitor the cruise line's website or sign up for price alerts. If they see a price drop, they should contact the cruise line to inquire about their price protection policy and any applicable refunds or credits.

It's important to note that not all fares are eligible for price protection, and some restrictions may apply. For example, a fare may need to be a certain type or booked within a specific time frame to qualify for a refund or credit.

In summary, recognizing promotions and navigating price drops can help travelers save money on their cruise. By staying informed and taking advantage of these opportunities, travelers can enjoy a great vacation while sticking to their budget.

Upgrades and Onboard Credits

Securing Cabin Upgrades

When a price drop occurs on a cruise, passengers might be offered a cabin upgrade instead of a cash refund. The upgrade may be offered at a discount, meaning the passenger pays less for the upgraded room than it would cost to book it outright, but more than what was paid for the original cabin. It is important to note that if money is tight, it might be better to decline the upgrade and stick with the original booking.

Different cruise lines have different policies regarding upgrades. For instance, Royal Caribbean will let passengers take advantage of a price drop up to 48 hours before the cruise. If a price drop occurs and the passenger re-prices the cruise, they will receive the difference as a non-refundable onboard credit inside final payment or rate adjustment outside final payment. Other cruise lines may offer cabin upgrades as well, but it is important to check their policies to see what options are available.

Utilizing Onboard Credits

Another option for passengers when a price drop occurs is to receive onboard credit instead of a cash refund. Onboard credit can be used towards purchases on the ship, such as drinks, spa treatments, or excursions. The amount of onboard credit offered may vary depending on the cruise line and the amount of the price drop.

It is important to note that onboard credit is usually non-refundable, meaning it cannot be redeemed for cash. Passengers should also be aware of any restrictions on the use of onboard credit, such as expiration dates or limitations on what it can be used for.

In summary, when a price drop occurs on a cruise, passengers may be offered a cabin upgrade or onboard credit instead of a cash refund. The policies regarding upgrades and onboard credits may vary depending on the cruise line, so passengers should check with their specific cruise line to see what options are available. It is important to carefully consider the options before making a decision, as the upgrade or onboard credit may not always be the best choice.

Price Tracking and Best Price Guarantee

When booking a cruise, it's always a good idea to monitor the prices to ensure you're getting the best deal. This is especially important because cruise prices can fluctuate quite a bit, and you don't want to miss out on a lower price.

Monitoring Cruise Prices

One way to monitor cruise prices is to check back within two days of booking to see if the fare has dropped. If it has, it's worth checking to see if your specific cruise line has a best-price guarantee. Some cruise lines offer a best-price guarantee that allows you to take advantage of a better price within a certain timeframe. For example, Royal Caribbean's Best Price Guarantee lets you take advantage of a better price within 48 hours from the time you booked.

Another way to monitor cruise prices is to use a price tracking tool. There are several price tracking tools available that can help you keep an eye on the prices of the cruise you're interested in. These tools will send you alerts when the price drops, so you can take advantage of the lower price. Some popular price tracking tools for cruises include CruiseWatch and CruisePriceAlert.

Leveraging Best Price Guarantee

If you find that the price of your cruise has dropped, and your cruise line offers a best-price guarantee, it's worth taking advantage of it. Even if your cruise line doesn't offer a best-price guarantee, it's still worth calling to see if they can adjust the price.

Different fares offer different options for adjustments, so it's important to understand the terms and conditions of your fare. For example, some fares may allow you to reprice often, while others may only allow one adjustment. It's also important to note that some fares may come with restrictions, such as non-refundable deposits or penalties for cancelling or changing your reservation.

By monitoring cruise prices and leveraging best-price guarantees, you can ensure that you're getting the best deal on your cruise.

Cruise Companies and Price Drops

When it comes to price drops on cruises, each company has its own policies and procedures. Here are the price drop policies for Royal Caribbean, Princess Cruises, and Celebrity Cruises.

Royal Caribbean's Price Drop Policies

Royal Caribbean offers a Best Price Guarantee, which means that if a guest finds a lower price on their cruise up to 48 hours before the sail date, they can contact the cruise line and they will adjust the price to match it. The guest will receive the difference in onboard credit.

However, this policy only applies to new bookings and not to existing reservations. If a guest has already paid for their cruise, they will not be able to take advantage of the Best Price Guarantee. In this case, if the price drops after the guest has already booked, they will not receive a refund or credit.

Princess Cruises' Price Drop Policies

Princess Cruises also offers a Best Price Guarantee, but it applies to both new bookings and existing reservations. If a guest finds a lower price on their cruise up to 60 days before the sail date, they can contact the cruise line and they will adjust the price to match it. The guest will receive the difference in onboard credit.

If the price drops after the final payment date, the guest will receive the difference in onboard credit. However, this credit cannot be used to pay for gratuities, taxes, or fees.

Celebrity Cruises' Price Drop Policies

Celebrity Cruises offers a Best Price Guarantee as well, but it only applies to new bookings. If a guest finds a lower price on their cruise up to 48 hours before the sail date, they can contact the cruise line and they will adjust the price to match it. The guest will receive the difference in onboard credit.

If the price drops after the guest has already paid for their cruise, they will not be able to take advantage of the Best Price Guarantee. However, Celebrity Cruises does offer a non-refundable deposit option that allows guests to change their reservation up to 90 days before the sail date without penalty. If the price drops after the guest has made their final payment, they will not receive a refund or credit.

Overall, it is important for guests to familiarize themselves with each cruise line's price drop policies before booking their cruise. By doing so, they can ensure that they are getting the best price possible and can take advantage of any price drops that may occur.

Cancellation and Penalties

Understanding Cancellation Policies

Cruise lines have different cancellation policies, which can be complicated and vary depending on the time of cancellation. It is essential to understand the cancellation policy before booking a cruise. The policy will typically be outlined in the terms and conditions of the cruise line, and it is recommended to read them carefully.

Most cruise lines offer a full refund for cancellations made within a specific time frame, usually 60 to 90 days before the cruise departure date. However, if you cancel closer to the departure date, you may be subject to a penalty fee. The penalty fee can be a percentage of the total cruise fare or a flat fee.

Some cruise lines offer more flexible cancellation policies, such as "cruise with confidence" programs that allow you to cancel up to 48 hours before the departure date without a penalty fee. It is essential to check with the cruise line to understand their specific cancellation policy.

Avoiding Penalties

To avoid penalty fees, it is recommended to cancel as early as possible. If you know you will need to cancel, do so as soon as possible, ideally before the penalty-free cancellation deadline.

If you need to cancel after the penalty-free cancellation deadline, some cruise lines may offer the option to change the cruise's date or destination instead of canceling. This can be a good option if you are unsure if you want to cancel entirely.

It is also essential to check if your cruise line offers travel insurance. Travel insurance can help cover the cost of cancellation fees if you need to cancel due to unforeseen circumstances, such as illness or a family emergency.

In summary, understanding the cancellation policy and canceling as early as possible can help you avoid penalty fees. If you need to cancel after the penalty-free cancellation deadline, consider changing the cruise's date or destination instead of canceling. Additionally, travel insurance can help cover the cost of cancellation fees in certain circumstances.

Tips and Tricks for Navigating Price Drops

Cruising is a popular way to travel, but it can be expensive. One of the biggest concerns for cruise passengers is the possibility of a price drop after booking. Fortunately, there are a few tips and tricks that can help navigate price drops and ensure that passengers get the best deal possible.

Be Aware of Price Drop Policies

Before booking a cruise, passengers should be aware of the cruise line's price drop policies. Some cruise lines offer price protection guarantees that allow passengers to receive a refund or onboard credit if the price of their cruise drops after booking. Other cruise lines do not offer price protection guarantees, so passengers should be prepared to pay the price they booked at.

Monitor Prices Regularly

One of the best ways to navigate price drops is to monitor prices regularly. Passengers can set up price alerts on cruise line websites or use third-party websites to track prices. By monitoring prices, passengers can take advantage of price drops as soon as they happen.

Book Early or Late

Booking early or late can also help navigate price drops. Booking early can help passengers secure a lower price before prices increase. Booking late can also be a good strategy, as cruise lines may offer last-minute deals to fill empty cabins.

Consider Upgrades

Passengers may also want to consider upgrades as a way to navigate price drops. Upgrading to a higher category cabin may be cheaper than booking a lower category cabin at the original price. Passengers may also be able to negotiate upgrades with the cruise line.

Look for Additional Perks

Finally, passengers should look for additional perks that may be included with their cruise. Some cruise lines offer free gratuities, onboard credit, or other perks that can help offset the cost of a cruise. Passengers should compare the total value of these perks to the cost of the cruise to determine if it is a good deal.

By following these tips and tricks, passengers can navigate price drops and ensure that they get the best deal possible on their next cruise.

Conclusion

In summary, there are ways to take advantage of a price drop on a cruise. Cruise lines often offer price protection policies that allow passengers to receive a refund or onboard credit if the price drops after booking. However, it is important to read the terms and conditions carefully to understand the specifics of the policy.

Passengers can also monitor the price of their cruise and contact the cruise line or their travel agent if they notice a price drop. In some cases, the cruise line may be willing to adjust the price of the booking to match the lower price.

It is important to keep in mind that price drops on cruises are not guaranteed and may not always be significant. It is also important to consider the overall value of the cruise, including the itinerary, onboard amenities, and other factors, rather than solely focusing on the price.

Overall, passengers who are flexible and willing to monitor the price of their cruise can potentially take advantage of price drops and save money on their vacation.

I have have experienced several price drops on cruises, and I was able to leverage the cruise lines best price guarantee.