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Saga trading update shows cruise resilience

Operators
Gary Noakes
26 January 2021

Nearly 90% of Saga cruise customers have opted to re-book rather than take a refund, confirming “pent-up demand”, the operator has said.

Saga hopes its new ships will bring further good results in 2022

In a trading statement, the brand said customer retention in its cruise division had risen from 69% to 86%, proving the market’s underlying demand from guests “who will benefit from the first round of the vaccine roll-out”.

“Customer demand has also been very resilient, with £140 million of total cruise bookings as at 23 January, representing 68% and 28% of the latest revenue targets for 2021/22 and 2022/23 respectively,” Saga said.

These figures exclude £8 million in cancelled bookings where customers have chosen to receive a voucher rather than re-book a specific cruise.