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Cruise lines decimated by dramatic losses amid ‘serious concerns’ for future sailings
Nov 27, 2020
CRUISES around the world have been brought to a halt amid the ongoing coronavirus pandemic, with the CDC and DfT both claiming sailings are not safe at present. As a result, big-name cruise lines have seen losses of as much as 75 percent.
Cruise holidays were on the rise in 2019, reporting growth year-on-year more holidaymakers turned their attention to the sea. However, the dawn of the coronavirus pandemic has left a devastating mark on the industry.
Although the Centre for Disease Control and Prevention(CDC) lifted its “no sail” ban at the end of October, it is working towards a phased resumption, with cruises unlikely to be deemed safe enough to go ahead until 2021.
What’s more, in the UK, the Department for Transport (DfT) has said that “now is not the right time” for cruises to return to sailing.
The UK Government has said that it wants to support the industry through its new Travel Task Force and prepare for "a phased risk-based approach resuming cruise operations”.
It is not yet clear when exactly cruises will be given the thumbs up to restart.
As a result, big-name cruise lines have reported a drastic drop in earnings.
This includes both revenues from customers purchasing holidays and in onboard spending.
According to the latest figures from individual company reports and Statista, Norwegian Cruise Line has seen a dramatic loss of 75 percent from both of these revenue sources.
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