Are discounts enough to float the afflicted cruise industry?

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

With coronavirus-ridden liners making all the wrong kind of headlines, the cruise industry may never be the same again, writes Andrea Felsted

With coronavirus-ridden liners making all the wrong kind of headlines, the cruise industry may never be the same againBuses lined up to transport the first batch of passengers disembarking from the Diamond Princess cruise ship, in quarantine due to fears of Covid-19, in Yokohama, Japan. Picture: AFP/CHARLY BRIBALLEAU

For others, it conjures up a horror of claustrophobia, seasickness and way too much proximity to other holidaymakers. Headlines about passengers stuck on ships turned away from ports for fear there may be a deadly virus on board will only serve to reinforce their aversion. Richard Clarke, an analyst at Bernstein, estimates that most bookings for travel packages are down about 40% across the market. The drop-off in cruise demand may be even worse.

Alternatively, cruise operators could look to continue filling vessels with deep discounts. Analysts at Nomura have estimated that pricing could drop by at least 10% this year. That may encourage enthusiasts to take to the high seas, but at a lower profit. Yet as the pandemic spreads, and people around the world question how far from home they’re willing to travel, it’s unclear just how many takers there will be.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Coronavirus could see 50-million jobs lost in tourism industryThe WTTC estimate suggests that about 16% of worldwide tourism jobs are at risk
La source: BDliveSA - 🏆 12. / 63 Lire la suite »