Is there an estimate of % of cabins that have to be rented for the ship to earn a profit?
Regardless of vaccinations or the CDC, it would seem likely people will not fill those ships. So if they only fill 33% of cabins, that might mean the ship sails at a loss, and if it’s all open, there will be no stimulus money to keep the industry going.
Owen wrote: “Regardless of vaccinations or the CDC, it would seem likely people will not fill those ships.”
You might be surprised at the number of people who can’t wait to get back on board. check out cruisecritic.com, one of the largest social media sites for cruises.
Regardless of vaccinations or the CDC, it would seem likely people will not fill those ships. So if they only fill 33% of cabins, that might mean the ship sails at a loss, and if it’s all open, there will be no stimulus money to keep the industry going.
Royal Caribbean has weighed in on that question. See below. -Tom
"Royal Caribbean Cruises Ltd. Chief Financial Officer Jason Liberty answered by saying the company could break even with use of fewer, but newer cruise ships, in lieu of older ships.
"For our newer ships, you need about 30 percent load factors to kind of break even. And then they skew to about 50 percent load factor on onto our older ships."
I’ll go tomorrow if they open up. I would love a vacation in the sun. However any requirement for face masks or distancing would be a deal breaker