I have piked up this opinion piece because I feel it touches on the problem the cruise lines are going to have face in he future no mater how many new ships they order ,or how the future demand for cruising is touted.
I feel that alienating a great amount of their base ( unvaccinated passengers) the worldide inflation, gas prices, food prices, rents efc.,and the Billions of dollars of debt they have gotten themselves into, traveling with 60% filled ships, and the ongoing covid threats will only slow their businesses recoveries for years to come.
How long can their creditors hold out? -Tom
There was a news story today that airline travel is increasing.
Electric plug in cruise ships, sounds fun.
Is third world monkey pocks and hemorrhagic fever part of this - close quarters and all...
“Why Cruise Line Stocks Are Plunging Today”
Carnival up 5% today.
The lines you mentioned are what I would call finality lines. You go to the port, you take the cruise, and you go home. The only incentive to cruising with them is the cruise.
One company that has held its own is Disney. They can filter out the cruise customers to the parks or home when they came from the parks to the cruise. There is a further incentive than just the cruise. Disney stock at of May 22 this year was at 103.74 and today is 101.59. But the cruise line stock in 2017 was 101.49. So it hasn’t changed in stock price near what the others have. And the reason is the diversity of businesses feeding it. And between the investment into entertainment like Marvel, Pixar, the parks, and merchandising of all of it, there will be a hodgepodge of money going from one income to another to stay solvent with all of it.
So the finality lines are the ones going to take the debt on with just themselves. And with things like travel expenses, (priced airlines lately?), outside source hotel capacity, and no alternate entertainment as a draw, they are going to take the hit and with it the failure of the business based upon a lack of backing and HR problems catching up to them. So the service goes down the tube and they have nothing to offer but a floating barge. They’ll have to shanghai customers. But if they can get them from other entertainment sources, they can create upselling and cross selling options. May be the only way to stay afloat.
wy69
The great “Democrat Reset” going as planned.
What is snap?
I’ve been on just one cruise ever, enjoyed it immensely, my wife and I went with the F.R. Gang and it was like a second honeymoon for us.
I have no interest in going on another one without her, she passed away in 2018.
The picture on my “about” page is the two of us on that cruise.
Are the cruise lines having pro lens with staffing? I know the focus has been on debt service and fuel costs, but when a ship sails with 60% passenger capacity, is there enough staff?