Articles tagged “cruise lines”

Corporate bailouts are never popular with the average voter. But bailing out the cruise industry — which goes out of its way to avoid paying U.S. federal taxes — is proving a particularly hard case to make as the travel industry appeals to Congress for help.

A greater appreciation of travel and its many segments could be a positive outcome of the coronavirus pandemic. But until the storm blows over, many small businesses in the Asian tourism industry are facing survival threats.

No surprise on the suspension of travel from the UK and Ireland for foreign nationals as it was under consideration over the last few days because of the spike of coronavirus cases in the UK. It's still not clear why they were exempt initially.

In some ways, this has felt inevitable. The cruise line at the center of the coronavirus crisis is temporarily ceasing operations. The question is whether this decision will be the first domino to fall.

One of Warren Buffett's best known bits of investment advice is: "Be fearful when others are greedy and greedy when others are fearful.” The fundamentals for TUI still look good, so Hamed El Chiaty might have just struck a bargain deal for himself.

We're announcing the Skift IDEA Awards, the annual recognition of excellence in Innovation, Design, and Experiences across the traveler journey. Apply by April 17 for early submission rates!

Cruise lines were set to have a banner year in 2020, but coronavirus and resultant ship quarantines are putting that in doubt. No one knows what the long-term impact will be.

The cruise industry has weathered a lot of bad news unscathed. But the coronavirus crisis seems different. This could be a seminal moment for the industry — and not in a good way.

The coronavirus is wreaking havoc on the cruise industry, with travel advisors caught in the middle as they deal with cancellations and questions from worried clients that are difficult to answer. Among the most troublesome aspects is the uncertainty of how long the crisis will last and how much worse it may get.

While dealt a blow by coronavirus, the cruise industry is managing to hold the line on pricing, at least for now. The long-term impact of the crisis remains to be seen, but the cruise industry has weathered many others in the past.