Yep, twice reduction on my January 2021 cruise. Less gift card amount, but $200 savings versus 20 dollar less gift card. Mind you, the gift card is still a nice amount.
And yes, same room as already booked months ago. So, even if you see a price discount on the room type you have, call and see if the discount applies to your room. If so, yay! Such as ours, and you can bet, I will still be looking.
Lastly, even better, Royal agreed to keep the tax rates I originally had. So even cheaper than if some one booked same now.
I am beginning to think this is like my rental car, book, look, cancel and rebook up until the time I use it. Supply and demand is the name of the game. And no reason to not play that game. For both though, I always book at a price I am willing to pay.
Off topic, but my Carnival cruise in January 2020, has only increased in price since I booked, and now the faster to the fun is sold out, and hundreds more than I paid back months ago, for same sized cabin. And even nicer, while all would enjoy some Star Wars stuff, the same itinerary Disney is doing as Carnival's ship, what we are paying for an extended balcony, total, including tips, is still lower than the inside cabin at military rate, on the Disney ship, and does not include tips.
So, all cruise lines do some up and down pricing with their cruises. Never hurts to keep checking is right. Thanks for the reminder, OP.