Now Reading
The impact of Covid-19 on the cruise industry

The impact of Covid-19 on the cruise industry

View Gallery

The cruise industry has been one of the major victims of the Covid-19 pandemic, with a total halt to activity since March 2020. However, better days lie ahead for the sector. Once business resumes in the spring/summer of 2021, the sector promises to more than dynamically resume the growth they started in 2019.

 

The cruises set sail again on Saturday 1st May after more than a year of being out of business. Costa Croisières was fortunate enough to reactivate its business in Italy by putting its Costa Smeralda back in the water.

 

According to Roland Berger, an international strategy consultancy, cruises were experiencing particularly dynamic growth before the crisis, averaging more than 6% per year between 2009 and 2019, mainly driven by passenger volumes. The cruise market should have exceeded 50 billion dollars in 2020, a figure thwarted by the pandemic. In 2020, the main shipowners recorded between 73 and 80% loss of turnover.

[…]

This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : © Costa Croisières

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

COPYRIGHT 2021 LUXUS + ALL RIGHTS RESERVED

Scroll To Top