NCL Boss Predicts New Cuba Rules Are Good for Cruise Lines
Skift Take
Could cruise lines actually benefit from stricter regulations on American travel to Cuba? Norwegian Cruise Line Holdings CEO Frank Del Rio thinks so — and with even more cruises scheduled to the island next year, he'll find out if he's right.
With new regulations limiting what Americans can do in Cuba and where they can stay, Norwegian Cruise Line Holdings president and CEO Frank Del Rio said Thursday the cruise industry stands to benefit.
"Of course yesterday's [Office of Foreign Assets Control] regulations that were issued cleared up a lot of the mystery and a lot of the concerns that some people had, which is very, very good for the cruise industry," Del Rio told analysts during his company's third-quarter earnings call. "I think yesterday's regulations clearly show that going on a cruise to Cuba is the easiest and [most] hassle-free way to visit the island."
