Onboard, the company installed a testing lab and invested in cold fog machines for disinfecting public areas and cabins. The new normal in boarding a cruise ship requires a negative COVID-19 test. TUI Group's Hapag-Lloyd Cruises set sail to Hamburg in July 2020.
The company also raised $625 million by selling an additional common stock at a low price of $8 per share.Īlthough operations are still restricted in the U.S., the rest of the world is sailing back to the seas. But thanks to the Fed, Carnival Corp reported having raised $6 billion in April 2020, and the company sold $4 billion in senior secured notes due in 2023 at an 11.5% interest rate and another $1.75 billion in convertible notes due in 2023 at a 5.75% interest rate. The CLIA confirmed that the Royal Caribbean (NYSE: RCL), Norwegian Cruise Line (NYSE: NCLH), and Carnival Corp (NYSE: CCL) are incorporated in other countries, and they won't be eligible for the $500 billion aid for the large conglomerate in the massive bill from the Senate. Unfortunately, the largest cruise ship companies in the world are not headquartered in the US. government is preparing to pass a stimulus package of about $2 trillion to aid the economy and businesses. passenger embarkations in 2019, up nearly 8% from 2018, created $25.1 billion in direct spending and supported 436,600 jobs. cruise industry generated an economic impact of $55.5 billion, up 5.3% from 2018, according to CLIA's annual report. The suspension of cruise activities has caused over 245,000 job losses and about $32 billion in monetary losses, according to the Cruise Lines International Association (CLIA). Then came the pandemic which brought the industry to a complete halt. In 2018, the industry posted a 10-year growth of 74.9% globally in sourced cruise passengers.
Shares of top 3 cruise companies are up about 50% over the last 6 months. Cruise review website Cruise Critic saw a 40% increase in interest from customers in January. But there are clear signs of recovery in the industry and analysts think now could be the right time to invest in cruise companies. The cruise industry was one of the biggest casualties of the coronavirus crisis, suffering heavy losses and layoffs as millions of customers cancelled their bookings are asked for refunds. You can skip our detailed analysis of the cruise industry and its outlook in 2021 and beyond and go to 5 Largest Cruise Companies in the World. In this article, we are going to list the 15 Largest Cruise Companies in the World.
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