Has anyone found any stats on how the cruise industry is being financially effected by these various illnesses?
Two big cruise ship stocks are Carnival (symbol CCL) and Royal Caribbean (symbol RCL). They’re doing ok, although off a bit from their highs, unsurprisingly.
I’d expect them to take a big hit if a couple more cruise ships get quarantined like the Diamond Princess, and especially if new cases keep popping up after the supposed original incubation period. That would indicate transmission while in quarantine, and the public might get the idea that they could get trapped on a diseased ship for a long, long time. That would tank their business and their stocks, which would lead to a buying opportunity down the road.
I actually looked at prices for cruises the other day. Prices have plummeted. Some as low as $300.00 for a 4 or 5 night cruise. 7 day cruises are going for around $500.00 and up. All depends on cabin type and of course destination.
Somehow, every time I envision the name up on the bow, they all morph into "Titanic".
There are 314 cruise ships around the world so it will take more virus disasters to have a big economic decline.
We will have to see how it plays out in 2020. -Tom
From cruise Market watch-
Total worldwide ocean cruise capacity at the end of 2018 will be 537,000 passengers and 314 ships.
Annualized total passengers carried worldwide will be 26.0 million (a 3.3% increase over 2017).