The cruise industry is at full sail across the seven seas as more consumers look to have memories instead of possessions, according to industry leaders.
"There are very strong consumer trends of people buying experiences versus stuff," Royal Caribbean Cruises chief financial officer Jason Liberty said on a recent first-quarter earnings call.
Royal Caribbean chairman and chief executive Richard Fain said his Miami-based cruise major had an "exceptional year" in 2017 and expects to beat that year's bookings by 16%.
