Bank of America’s credit and debit card transaction data indicate that cruise‑related consumer spending in May 2026 increased 8.4% compared with May 2025, marking a slowdown from the 15.8% year‑over‑year rise recorded in April. On a month‑to‑month basis, cruise spending declined 4.7% from April, a drop that is considerably larger than the average sequential decline of 0.5% observed across the 2023‑2025 period. When measured against May 2024, cruise spending was up 13.7%, which is 2 percentage points lower than April’s two‑year growth rate of 15.9% and essentially matches March’s 13.6% increase. In the broader travel category, total travel expenditure grew 6.0% year‑over‑year in May, mirroring April’s 6.5% growth; airline spending contributed an 8.9% rise while hotel spending added a 2.8% increase. Bank of America further notes that its monthly spending metrics have demonstrated a 75% correlation with industry net yields on a one‑quarter lag since 2008, excluding the pandemic period, underscoring the predictive relevance of consumer spending patterns for cruise industry profitability.