Cruise Prices Keep Rising, but Travelers Still Buy

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Connecticut travel agent Joe Canino says some customers booking cruises are experiencing sticker shock, but his clients still seem willing to pay up to $1,000 more now for the same trip they took a year or two ago.

Higher ticket prices and an insatiable demand among vacationers have the cruise lines basking in the smoothest sailing since the heavy discounts and tough times prompted by economic recession and terrorist attacks.

Passengers are inching closer to spending as much on tickets and extras on board as they did in the high-flying days of 1999 and 2000.

The Carnival group, the world's largest cruise company, just finished its most profitable year ever and expects to do better this year.

Number Two Royal Caribbean Cruises Limited and smaller cruise companies players also report strong demand.