Will The Cruise Industry Live to See Brighter Days?
Travel Trend reports an increase in cruise bookings despite pandemic outbreak.
By: Travel Trend
Interestingly, cruise lines are registering a 9% increase in bookings in comparison to 2019. This comes as a surprise after several Covid-19 outbreaks on-board cruises.
The rapid spread of the virus has resulted in numerous travel restrictions. The article analyses the impact of the halt on cruise travel in relation to the sharp drop in share prices and the financial survival of the entire cruise industry.
Despite investors being seemingly unconvinced about the industry's ability to survive the pandemic, Travel Trend reports promising outlooks as customers seem to be rebooking instead of cancelling their cruises.
Their future depends on their ability to keep up with their obligations to creditors, and the debt-equity ratio: how much a company owes versus how much it owns. However, the ultimate decisive factor will be the duration of the current travel restrictions.
Large cruise liners such as Carnival Cruise, Royal Caribbean and Norwegian are suffering from losses of investments of at least 70%. Yet, according to the article on Travel Trend, the world's largest cruise line - Carnival, is in better financial health than Norwegian and Royal Caribbean, despite needing a billion dollars a month to survive.
Author of the article is optimistic as the cruise industry has always bounced back from numerous setbacks in the past.
In addition, and once the restrictions finally lift, the cruise industry might be able to cater for a new audience as millennials hold increasingly more positive attitudes towards cruise holidays.
Read the full article about the prospects of the cruise industry at https://www.trvltrend.com/
About Travel Trend:
Travel Trend is an information portal created by travel experts who want to share the results of their experiments with new travel related gadgets and apps as well as their favorite travel tips. The travel industry is in a constant state of growth and change, driven by technology and emerging trends. Through extensive research, reading and travel, Travel Trend is presenting a vision for the future of travel. Their mission is to improve the travel experience, making travel easier and safer while helping travelers save money along the way. Learn more at https://www.trvltrend.com.