The COVID-19 pandemic has swept throughout the world and has had a major impact on everything from jobs and housing to education and travel. However, there is light at the end of the tunnel, and now may be the right time to plan your vacation for next year. This is good news, as it means that the world is slowly going back to normal, and we are able to do the things that bring us joy again. The statistics are hopeful- As of right now, COVID-19’s impact on the cruise industry has not affected reservations for 2021, which are up 40 percent from 2019. Carnival, the world’s biggest cruise line, has announced that they have enough liquidity for a year. Even though the coronavirus pandemic has prompted the cruise industry to cancel trips all the way to June 27, many customers are looking ahead to 2021 and making reservations, notes Arnold Donald, CEO of Carnival Cruises, in a CNBC report.
“It’s been devastating temporarily. … Travel is going to return, travel and leisure, and when it does, we’ll return with it. Social gathering at some point will return, and when it does, people will want to cruise,” Donald said. “We’ve had substantial bookings. Bookings for 2021 are strong.”
Carnival Cruises is not included in the U.S. government’s coronavirus stimulus package, but continues to seek additional financing from other countries such as Germany, the U.K., and Italy. However, even without any additional financing, Donald stated that the company has enough liquidity to last around a year with no revenue. Out of the three big cruise lines, Carnival is in the best position to get through a downtick without a revenue stream. UBS Security Analyst Robin Farley in an interview with CNBC says that Carnival could probably survive 15 months without making any money. CruiseCompete.com has released figures that cruise bookings are up 40 percent for 2021 as compared to 2019, as reported in the Los Angeles Times. Reschedule and canceled bookings due to the coronavirus pandemic make up about 11 percent of the reservations for 2021. This predicts that people are still booking cruises and are anxious to sail again when this is all over.
Carnival makes up the world’s biggest cruise line, and has had several COVID-19 outbreaks onboard. The Diamond Princess outbreak, which was one of the first outside of China, had been quarantined in Japan. Even though many industries have been affected by the COVID-19 outbreak, travel as a vertical has been hit uniquely hard. A lot of travel has been suspended and many Americans had to cancel or rebook planned vacations. However, as can be seen by the cruise figures, travel will be slowly reopening and people can still take their vacations in the future. Life still goes on, and that means that people will still want to sail and travel, and as we learn more and more about the coronavirus possibilities of travel next year look better and better. If you are considering a group trip in the future, call All About Group Travel to take advantage of our awesome deals right now today!