The cruise industry is one of the fastest-growing leisure travel industry across the globe. As per the Cruise Lines International Association (CLIA), the cruise industry valued for $150 billion in 2018. According to the estimation of the organization, the industry tends to exhibit an exponential growth in the number of passengers over the next decade, as the cruise is becoming as a mainstream vacation choice of the developed economies. In 2018, nearly 14.2 million (49.8%) passengers came from North America, followed by Europe, which estimated to around 7.2 million (25.1%) passengers. However, the projected growth of the industry seems to get disturbed due to the outbreak of COVID-19 pandemic. The first incident related to COVID-19 on a cruise ship was registered in Japan. Diamond Princess of Princess Cruises was quarantined at Yokohama from February 4th, 2020 for a month. More than 700 cases and 12 fatalities were registered due to COVID-19 on the ships. COVID-19 positive cases at other cruise ships of Princess Cruises named Ruby Princess and Grand Princess were found in March 2020.
Cruise ships are majorly susceptible to outbreak of the COVID-19 pandemic. The closed environment of the cruise, frequent contact between the people from different countries, and crew transfer between the ships are the major factors responsible for the spread of coronavirus in a cruise. Looking towards the condition, the governments of different countries are warning their citizens to stop travel by cruise ships which led to the shutdown of some of the largest cruise companies across the globe in March 2020. For instance, on 11th March, Viking Cruises has announced to suspend the operation of all its 79 vessels till the end of April 2020. It happened after the case of a passenger from Cambodia who was found infected due to the virus. In the same manner, on 12th March, Princess Cruises suspended all its operations for 60 days. On March 13th the Cruise Lines International Association announced to voluntarily suspend 300 cruise ship operations from and to the US ports till Mid-May or later.
The governments are also banning cruise ships to get dock on their ports. For instance, the Canadian government announced that no cruise with more than 500 people is allowed to dock in Canada till 1st July 2020. The US Coast Guard also issued a safety bulletin for various states on 29th March 2020 to prepare medical teams to treat any sick passenger or crew on board. The latest cases related to a cruise infected due to coronavirus were witnessed on 7th March when around 217 passengers were stranded in Uruguay for a week in Greg Mortimer ship. The ship was departed for Antarctica and South Georgia. Out of 217 passengers, 128 were found to be infected from COVID-19 and 89 were tested negative. The passenger who tested negative is flying back to their home countries whereas positive tested people have to wait till treatment and negative tests.
OMR Global recently published report on https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-cruise-industry
The Report Covers
- Comprehensive research methodology of the global cruise industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global cruise industry.
- Insights about market determinants which are stimulating the global cruise industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Global Cruise Industry – Segmentation
- Cruise Lines
- Cruise Manufacturer
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-global-cruise-industry
