Posted on 06/16/2022 9:36:20 AM PDT by Capt. Tom
Cruise stocks were tumbling to their lowest point since 2020 on Thursday as fears intensified over rising inflation and a potential recession.
Fueling the selloff were concerns that consumers will be curbing discretionary spending in response to rising prices and economic uncertainty. There’s also an uptick in Covid-19 cases that may be increasing consumer reluctance to hop on a cruise. The seven-day moving average for known Covid-19 cases has hovered around 100,000, according to the Centers for Disease Control and Prevention, and likely is higher amid an increased reliance on at-home testing kits that don’t get reported to public officials.
Already, cruise lines have experienced pricing declines from May to June, indicating that bookings may be eroding, according to early June data from Bank of America Securities. BofA analyst Andrew Didora views the slowdown as “more specific to the cruise industry than a larger read to the leisure consumer,” given further Covid-19 pressures, ongoing pushes to ramp up capacity, and difficulty attracting consumers who are new to cruising.
Didora said he expects further pricing weakness ahead for 2023 and 2024, with prices declining 2.6%, on average, for all three major cruise lines.
“Cruise lines have been at the center of the pandemic, and the profit recovery continues to be delayed given the different variants,” Didora wrote. “This is happening at a time when the market is already factoring in a strong recovery. Given that the industry has taken on considerable amounts of debt in the past year, a long road ahead remains to de-lever and return to pre-pandemic balance sheets.”
That could be even more challenging if the economy plunges into a recession, which is becoming even more likely as the Federal Reserve moves to increase interest rates at a faster-than-expected pace.
(Excerpt) Read more at barrons.com ...
Italy just removed all covid requirements for entry.
I’d go there...
I’ve given up long distance travel for the near future.
No doubt they will scare seniors with the monkey pox vax too.
My wife are thinking about a Viking cruise up the Mississippi, but if they require the clot shot, then no deal. We both have had covid and have lots of antibodies. I am on blood pressure meds and will not take a chance on being another guinea pig for the “vax”.
The shot lasts a few weeks or so. You would have to be a moron to get one. Oh, wait...
Carnival doubled down and requires boosters now instead of just quitting demanding passengers are jabbed
I got an antibodies test in September thinking that Carnival would start recognizing those of us who had had the Wu Hu Flu but weren’t jabbed
Lots of lovely antibodies the best kind of course but Carnival still refuses to let me cruise
Jane Long wrote: “What time is clock out, for your $hift, today?”
I do appreciate your fascination with my postings.
What’s the saying, “You allow me to live in your head.”
MercyFlush wrote: “I’m not complaining. I’m also not getting on a cruise ship and they’re not getting the $20k to $30k I used to spend on them every year. Screw them.”
Nothing like hitting yourself in the head with a hammer to teach someone else a lesson.
My wife and I were thinking about doing an Alaskan cruise for our 25th anniversary, but every stinking cruise line mandates that you be “fully vaccinated.”
That means there is a 0% chance of us getting on your ships. I guarantee you there are lots of other potential customers like us.
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Exactly! We are at 50 next month and would have liked to cruise Alaska or Hawaii. But no vaxxing here so no cruising.
You've proven just who and what lives in your biolab head.
BigPharma $$$$$.
What time is your $hift over, today?
Jane Long wrote: “You’ve proven just who and what lives in your biolab head.”
Are you aware that your hero, Robert Malone, worked on bioweapons at Fort Detrick?
I’m not trying to teach anybody a lesson. I simply do not have to subject myself to medical experimentation and abusive treatment on a cruise ship. If that’s your idea of a vacation then so be it.
Myself, I am content to wait for things to return to absolutely normal before I bother getting on a cruise ship again. I have better things to do with my time and better things to do with my money.
I hear ya. We had a few more ports in the caribbean we’d like to have visited but not THAT bad.....I do miss the food though. 😏
We have done cruises that stop in Mexico and The Bahamas. I want to do cruises that stay in the US.
MercyFlush wrote: “Myself, I am content to wait for things to return to absolutely normal before I bother getting on a cruise ship again. I have better things to do with my time and better things to do with my money.”
We returned from a Norwegian cruise in early March 2022. We saw nothing that would make us think this cruise was anything other than the normal.
The only abnormal was the mask mandate imposed by the city of NOLA during the boarding process. Even that was sporadically enforced. Periodically, a person would come by and direct people to put their masks over their noses. That accomplished nothing since the masks were pulled down as soon as that person left.
BTW, your claim that you would be subjected to medical experimentation isn’t supported by the facts. Nor was their any abusive treatment on the ship.
It was one of our best cruises.
Same.
The way I see the cruise line problem developing is they can fill up many of the ships now because people haven't cruised in such a long time.
Once these recent cruises are over, and the inflation and increased costs of cruising goes up, later in the year, I believe the cruise lines will be in trouble making enough money to pay off their borrowed Billions. -Tom
Good for you. Myself, I will not be joining the Branch Covidians just so I can take a cruise.
“Mandatory Vaccinations Against Covid-19
All guests age twelve and over, as well as all crew, must be fully vaccinated at least 2 weeks prior to departure in order to board.”
No thanks. If and when things return to full normal I will be back to cruise again. But so long as I’m required to participate in a clinical trial for an experimental and useless gene therapy I will find other things to do and other places to visit.
Also:
“Princess Cruises and Holland America requiring masks for Alaska voyages amid COVID uptick”
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