Luxury usually comes at a premium, but with the launch of Regatta, the first ship in the Oceania Cruises fleet, passengers can now sail the seas for less. The 684-guest vessel—with mostly outside berths, five restaurants (all have menus created by chef Jacques Pépin), and a European-style spa—was owned by Renaissance Cruise Lines and bought when the company went bust. Redone with teak decks, gold-leafed staircases, and baroque public areas that seem more suited to an opulent city hotel than a cruise ship, Regatta makes its maiden voyage to Europe this summer. Itineraries through fall are nearly sold out, but a second vessel, Insignia, will leave for Europe in April. 800/531-5658;; 14-day sailings from $1,195 per person.
—Heidi Sherman Mitchell