Articles tagged “cruise lines”

News Blog

Norwegian Cruise Line Posts a $1 Billion First-Quarter Loss

Norwegian Cruise Line Holdings Ltd has reported a net loss of $1 billion for the first quarter of this year, as the Omicron variant hit sailings. The Russia-Ukraine conflict also resulted in the cancellation or modification of 60 sailings, which included all voyages with calls to ports in Russia. However, the result is an improvement…

Mergers and Acquisitions

PlusGrade to Buy Points.com for $385 Million in Cash in Blockbuster Loyalty Deal

PlusGrade and Points.com deal with some of the same partners, and they can now approach them with a collaborative pitch.

PlusGrade to Buy Points.com for $385 Million in Cash in Blockbuster Loyalty Deal

Cruises

Royal Caribbean Isn’t Worried About Inflation Even With a $1.2 Billion Loss

Royal Caribbean — like its rivals in the cruise industry — has had a brutal last two years. But it can finally see a light at the end of tunnel in large part because it fully believes that consumers aren't deterred by rising prices.

Royal Caribbean Isn’t Worried About Inflation Even With a $1.2 Billion Loss

Tourism

Travel’s New Constant Volatility Requires Smarter Embrace of Data

The pandemic may be fading in many markets, but the Ukraine crisis is a reminder that volatility in travel demand is here to stay. Airlines, hotels, and cruise lines need to draw faster insights from their data to thrive.

Travel’s New Constant Volatility Requires Smarter Embrace of Data

Coronavirus

Cruise Confidence Returning Slowly But Not for Megaships

It's still an unpredictable road ahead for the major cruise lines eyeing the rebound of U.S. consumer confidence. Travel restrictions are indeed easing for its top region in demand, the Caribbean, and more cruisers are making plans. But they're also remaining cautious.

Cruise Confidence Returning Slowly But Not for Megaships

Cruises

Genting Hong Kong Cruise Line to Liquidate

Genting may not be one of the cruise sector's giants, but its collapse showcases just how much the pandemic has battered that industry.

Genting Hong Kong Cruise Line to Liquidate

Cruises

Royal Caribbean Group CEO Richard Fain to Step Down

All hands on deck as chief financial officer Jason Liberty takes over, but in which direction will he take the cruise line after the pandemic's choppy waters?

Royal Caribbean Group CEO Richard Fain to Step Down

Coronavirus

Big Cruising in U.S. Could Resume This Summer Under CDC Pledge

It seems the pressure from the large cruise lines, declaring they would take their business out of the U.S., might have worked as the CDC has suddenly pledged to help speed up the restart of big cruise.

Big Cruising in U.S. Could Resume This Summer Under CDC Pledge

Coronavirus

Royal Caribbean Squeezed by Pandemic Sells Cruise Line to Private Equity for $201 Million

By selling off one of its assets, Royal Caribbean is trying to shore up cash. But by incurring an impairment charge, is the company reaching its goal or just creating an illusion?

Royal Caribbean Squeezed by Pandemic Sells Cruise Line to Private Equity for $201 Million

Coronavirus

No U.S. Cruises for the Rest of 2020

Cruise lines are suspending U.S. operations through Dec. 31 — but it will likely take a while longer, as ships must first meet the CDC's new conditional sailing requirements, including simulated voyages proving low Covid risk and crew protection measures.

No U.S. Cruises for the Rest of 2020