One of the questions we get asked most often is: When is the best time to book a cruise?
With cruise prices continuing to rise, the question has become even more crucial for many prospective cruisers. After all, no one wants to spend more than they need on a cruise vacation.
Like airfare, cruise pricing is dynamic, meaning fares fluctuate based on the basic principles of supply and demand. When demand surges and cabin availability declines, it’s natural for prices to increase. Conversely, an oversupply of cabins can lead to price drops, allowing for last-minute cruise deals, although these are becoming increasingly rare.
Currently, most of Royal Caribbean’s cruises are sailing at full capacity due to overwhelming demand. With fewer cabins available to book on a specific cruise, fares will continue to rise.
While we typically recommend booking your cruise as early as possible, we realize this isn’t always feasible. Depending on your schedule and budget, you might not be able to secure a deposit years in advance.
To better understand the best time to book a cruise, we utilized the historic pricing trends available for Royal Caribbean on Gangwaze. I took a deep dive into the fluctuations of cruise prices to find the optimal time to book your vacation.
Using data on Gangwaze, this pricing analysis looked at 12-month’s worth of data for both inside cabins and balcony cabins for cruising departing in March 2025, which likely includes increased demand for spring break itineraries. This allows us to have a full year of data to analyze historical trending and find meaningful insights. In this way, monthly pricing data from February 2024 to February 2025 was included for March 2025 sailings.
Gangwaze only includes a detailed trending graph without actual numeric values, so estimates were used for the monthly value. We selected 13 different vessels across Royal Caribbean’s fleet, from the largest Oasis class ships to the oldest and smallest Vision class ships.
Here’s what our analysis uncovered, including the best time to book your cruise to receive the cheapest price.
When is the cheapest time to book a cruise? Let’s take a look
There’s no magic formula for when the perfect time is to book a cruise. If only we had a crystal ball to see into the future and determine exactly when to secure a sailing at the best possible price!
This uncertainty can feel even more overwhelming when making a non-refundable deposit, particularly if you’re considering booking a cruise several years in advance. The idea of committing to a trip so far in the future without knowing how prices will fluctuate can make the decision feel daunting.
Because of this uncertainty, some people claim that waiting to book a cruise can be a good strategy to score a last-minute deal. This method was effective in the past, such as cruise lines dropping prices due to lower demand in the post-pandemic era of cruising. For years, this approach worked well, allowing for cruisers to capitalize on discounted last-minute fares.
(Average Interior Cabin Price Trending for March 2025 sailing on Jewel of the Seas)
Another advantage to booking your cruise closer to departure is the added flexibility it offers. Last-minute cruising also allows for more flexibility to ensure the itinerary actually aligns with your schedule, alleviating some risk for unplanned cancellations. Personally, I saved hundreds of dollars booking last-minute cruises in 2022 when sailings were dirt cheap!
On the other hand, many people now recommend booking far in advance as the better option for cruise planning. This strategy allows cruisers to lock in a lower rate with the assumption that prices will continue to rise overtime. Booking early also provides more options for cabin selection and proper budgeting, along with opportunities to either reprice or upgrade your cabin at a reasonable cost.
The numbers don’t lie: If you want to save money on your cruise, booking early is the way to go
To address this question, the initial phase of our analysis focused on examining pricing trends over the past 12 months. By studying historical price fluctuations, we aimed to determine which booking strategy ultimately results in the cheapest cruise fare for guests.
Our research included a detailed review of both balcony and interior cabin pricing across 13 different Royal Caribbean ships. The itineraries were scheduled to sail in March 2025. The objective was to uncover patterns in how cruise fares change over time and identify the most cost-effective booking approach.
The results are clear: if you’re holding out for a last-minute cruise bargain, you might want to reconsider.
According to our analysis, the likelihood of paying a higher fare increases the longer you wait to book your cruise. Reviewing data from a full 12-month period, we found that cruise prices generally trended upward over time, though there were some fluctuations, which we will explore in more detail later. While the data shows some fluctuation overtime, the overall trend indicated that fares steadily climbed as the departure date approached.
Most notably, between February 2024 and February 2025, average cruise fares increased an average of 42% across the 13 ships in Royal Caribbean’s fleet. Regardless of the itinerary or ship class, the trend was consistent across the board.
Balcony staterooms are more susceptible to price increases compared to inside cabins
Diving deeper in our analysis, we wanted to understand if cabin category contributed to price fluctuations in our data. When comparing balcony and interior staterooms, we found that balcony cruise fares had a more significant increase over the 12-month period.
On average, the data revealed that balcony cabins saw a price increase of 47% throughout the year across the 13 ships analyzed. In contrast, interior staterooms increased by only 35% for the same 12-month timeframe. But, the extent of the increase varied depending on the ship class.
Our analysis showed balcony cabins on Vision and Radiance class ships had a significantly higher price increase over the 12-month period. For example, the price for a balcony cabin on Brilliance of the Seas skyrocketed by 161% for one sailing in March 2025! Similarly, balconies on Vision class ships increased by nearly 50% for itineraries in the same month.
On the other hand, the cruise line’s newest and biggest ships have notably more balconies available to book. This leads to more stable pricing with an increase in supply. In this way, we see balcony fares on Oasis, Quantum, and Voyager class ships only had an increase of 32% during the 12-month period.
Because most cruisers prefer booking a balcony stateroom for their vacation, there is usually an increased demand for this stateroom type. However, older and smaller ships have far fewer balcony cabins available, leading to scarcity-driven price increases.
For this reason, Royal Caribbean’s newest and biggest vessels have far more balcony staterooms onboard. This strategy lowers the demand with more supply available. Compared to older vessels, there are significantly more balcony staterooms for guests to book on Icon, Oasis, and Quantum class ship.
For instance, the oldest ship in Royal Caribbean’s fleet, Grandeur of the Seas, only has 122 balcony staterooms of the 997 cabins onboard. On the other hand, the much newer Odyssey of the Seas offers 1,482 balconies to book among its 1,922 total cabins. This represents a jump from just 12% of cabins being balconies to an impressive 77%.
If you’re wanting to book a balcony cabin on one of Royal Caribbean’s older and smaller ships, you might want to lock in your price sooner rather than later. However, if you’re sailing on a newer cruise ship, you won’t need to stress as much with more balcony stateroom options available.
The lowest cruise fares tend to be available around 10 months before departure
Now that we’ve proven the importance of booking your cruise as early as possible, you might be wondering just how far in advance you should lock in your reservation. In my opinion, this was one of the most insightful and fascinating takeaways from the analysis!
While it’s not a guarantee, our findings suggests that the optimal time to secure the best price is 10 to 12 months before departure. In fact, about half of the itineraries analyzed showed their lowest fares 10 months out from the sailing.
Because of the cruise line’s dynamic pricing, the trends fluctuate substantially over the 12-month period. Most trends show a slight decrease in price from 10 to 12 months, followed by a steady and consistent increase over the next nine months.
Beyond the 9-month mark, prices for both inside and balcony cabins began to rise at a more predictable rate, showing a consistent upward trend as the departure date approached. Prices were often the highest within 1 to 3 months prior to the itinerary’s departure date. This illustrates why last-minute cruise deals have been hard to come by with the last year!
The steepest price hikes typically occurred between 4 and 7 months before sailing. For cruises departing in March 2025, the most significant price jumps were observed between August 2024 and November 2024.
Surprisingly, price increases slowed down as the departure date of March 2025 approached. In the final three months before the sailing date, cruise prices appear to stabilize, with only slight increases leading up to embarkation. This trend remained consistent across all cabin categories and ship classes in our analysis.
(Difference in Average Price by Months from Departure)
Why do we see this pricing stabilization right before departure? A key factor to consider is Royal Caribbean’s final payment deadline, which is usually 90 days before departure date.
After final payment, the cruise line has a better idea of how many guests will be cruising and which cabins are sold for a particular sailing. Less variability and uncertainty leads to steadier pricing and fewer fluctuations in the final months before departure.
If you’ve already booked a cruise before the 10-month mark, consider adding a reminder in your calendar to check if your cruise price has decreased. You can also ask your travel agent to do this for you. Based on our findings, you might be eligible for a reprice at a lower rate. If your sailing prices continue to rise, rest assured you locked in the lowest rate!
The biggest outlier in the dataset was Royal Caribbean’s newest ship, Icon of the Seas
No analysis is complete without examining the outliers in our dataset. Among the itineraries and ships we analyzed, Icon of the Seas stood out as a clear anomaly. As Royal Caribbean’s newest and biggest cruise ship, pricing on Icon of the Seas is less predictable and doesn’t align with the vessels.
When looking at the departure dates in March 2025, prices to sail on Icon of the Seas actually decreased from February 2024 to August 2024. One sailing showed a decrease of 42% in pricing during this timeframe. However, prices started to rise starting in September 2024 and continued increasing until February 2025.
Considering Royal Caribbean experienced record bookings and demand for Icon of the Seas, cruise fares were likely set higher than other ships in the cruise line’s fleet for March 2025 itineraries. When demand started to decline and cabins were not filling as anticipated, Royal Caribbean likely lowered prices to ensure cabins would continue to sell.
Those sailing on Icon of the Seas in the coming months should monitor cruise fares to potentially reprice for additional savings. This could also present an opportunity to upgrade your cabin for an affordable fare,
What other pricing insights can we gather from this data?
Our analysis unveiled other interesting tidbits about Royal Caribbean’s pricing trends over the last year. First, we see that Royal Caribbean’s newest ships are the most expensive, as expected.
However, we were surprised to see Wonder of the Seas was consistently the most expensive cruise ship to book in Royal Caribbean’s fleet for March 2025. The average cruise fare for an interior cabin on Wonder of the Seas was the most expensive in our dataset at $3,741, followed by Icon of the Seas at $2,146 and Symphony of the Seas at $1,899.
On the other hand, Royal Caribbean’s oldest and smallest ships were significantly cheaper. We see Brilliance of the Seas was the cheapest at $884 and Rhapsody of the Seas at $1,033 and Vision of the Seas at $1,098. Those looking to cruise on a budget should prioritize booking a Radiance or Vision class ship.
Read more: How much does a cruise ship cost to operate per day?
Our analysis also shows that some cruise ships had more price fluctuation than others. For instance, Utopia of the Seas had the least amount of price fluctuation, followed by Harmony of the Seas and Adventure of the Seas.
In contrast, Odyssey of the Seas, Rhapsody of the Seas, and Vision of the Seas had the highest volatility in pricing. This is likely due to lower supply with few cabins available, leading to more pricing fluctuation over the 12-month period.
Bottom line: If you’re sailing on an older cruise ship, booking early is crucial to avoid rapid price hikes. This is especially true if you’re wanting to book a balcony cabin. On the other hand, newer ships offer more pricing stability. Booking 10-12 months out still secures the best deal in our findings, with 10 months from departure showing the cheapest time to book your cruise.