Business
All aboard: Cruises are back

All aboard: Cruises are back

All aboard!

So, the headline is that cruises are back.

Indeed, cruise tourism is expected to make a titanic comeback this year, with passenger volumes forecast to exceed pre-pandemic levels by 6% — increasing at an even faster rate than overall international tourist arrivals in 2023, which are only estimated to have returned to 80-95% of the number of voyagers seen in 2019.

Since travel restrictions have phased out, it appears that vacationers are rushing to try out their sea legs. Despite the dip in cruise passengers, as nightmare scenarios played out on Covid-stricken stranded cruise liners around the world, the public’s enthusiasm for vacationing on the high seas clearly runs deep. Estimates from the CLIA see the number of ocean-going cruise passengers reaching nearly 40 million per year by the end of 2027.

Indeed, this summer appears to have been a bumper season for the industry. Operator Global Ports Holdings, which claims to be the world's largest cruise port operator, revealed almost 2x as many passengers across its network in the three months to June 30, translating to a quarterly revenue increase of 60%.

Furthermore, the largest cruise operators in the world are showing little problem filling the rooms on their increasingly enormous fleets. Royal Caribbean experienced record-breaking demand for its new flagship Icon of the Seas — set to be delivered in October — which is nothing short of a remarkable feat of engineering. Coming in at 1,196 feet, or nearly 4 Statues of Liberty laid end-to-end, Icon will offer its 5,600+ guests the choice of 6 waterslides, 7 pools, 19 floors to explore, and 40+ bars and restaurants.

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Starbucks issues apology after viral “Bearista” cup meltdown

Holiday cheer turned into chaos this week for Starbucks after the coffee giant’s new “Bearista” holiday cup sent fans into a frenzy. 

Dropped alongside its 2025 holiday menu, the $30 beanie-wearing glass bear tumbler sparked long lines, sellouts, and even in-store scuffles before Starbucks stepped in with an apology.

“The excitement for our merchandise exceeded even our biggest expectations,” the company said in a statement to People. “Despite shipping more Bearista cups to our coffeehouses than almost any other item this holiday season, the Bearista cup and some other items sold out fast.”

Within hours of launch, frustrated fans flooded Starbucks’ social media pages and even store hotlines. Some customers waited in line before dawn and others said their stores received only a handful of cups. In one Houston location, the craze even turned physical, with police reportedly called to break up a brawl. Meanwhile, the cup is already reselling on sites like eBay, with listings topping $600.

“We understand many customers were excited about the Bearista cup and apologize for the disappointment this may have caused,” Starbucks said. While in-store customers may be upset, investors seem happy about the viral hit, as the stock has risen over 3% on Friday.

If you’re still hoping for a Bearista at market price, that may not be on order: the chain didn’t disclose how many cups were made or whether a restock is planned.

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Target tells workers to smile, wave, and greet shoppers if they come within 10 feet of them

Target just rolled out a new rule for store employees: smile, make eye contact, and greet or wave when a shopper comes within 10 feet — and if they get closer, within four feet, ask whether they need help or how their day is going, according to a new Bloomberg report.

Dubbed the 10-4 program internally, the rule mirrors rival Walmarts own 10-foot policy, formalizing behavior Target had previously only encouraged.

business

Monster surges on energy drink buzz, while Celsius sinks on distribution concerns

Shares of Monster Beverage climbed 5% after the bell on Thursday, and held most of those gains into early trading on Friday, following strong Q3 results.

The energy drink giant topped market expectations, with quarterly sales up 17% year over year to $2.2 billion and adjusted net profits growing 41% to $524.5 million — 11% ahead of Wall Street’s estimates. In the report, Monster highlighted its zero-sugar line and new product launches, with a stack of novel flavors already released this year, as bright spots.

During a call with analysts, Chief Executive Hilton Schlosberg said that the global energy drink category “remains healthy with robust growth,” The Wall Street Journal reported, adding that demand for more affordable caffeinated drinks is rising as coffee has become “really expensive.”

Meanwhile, rival beverage business Celsius saw shares fall as much as 23% on its Q3 results yesterday — despite beating expectations, with revenue jumping 173% — largely due to concerns about a change in the company’s distribution channel, as its newly acquired Alani Nu brand joins the PepsiCo distribution network.

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