Question

What are the big players in the cruise industry? Give a brief introduction to each company, Discuss their situation today under the impact of COVID-19. What kind of changes do you see in this industry after the outbreak? brief explanation (2 paragraphs)

Answer 1

The big players in the cruise industry are as follows: Carnival Corporation, Star Cruises, Royal Caribbean Cruises, and Disney Cruise Line. These all companies form a part of Cruise Line Operators who are the biggest cruise company.
The entire cruise business has come to a halt because of the outbreak of COVID-19. The virus outbreak has led to the various ships to be docked and the entire business has come to a halt. The various ships have been stopped and the passengers have been stranded at various places.
Post the virus breakdown the cruise business will be affected a lot because the people will still be not unsure about traveling on cruises and also be afraid. There will be a concept of social distancing which will go on for a while and the people will not be wanting to go on for cruises. The traveling and holiday fun on cruises again will be limited because of the people being afraid. For the cruise companies to again come back into the business, they will have to adopt a lot of techniques to bring back the people. Huge discounts or enormous price cuts will be announced by these cruise companies to lure people to take the cruises. This will lead to revenue cuts for the cruise companies and also lead to fewer profits. Hence, post the COVID-19 outbreak, the cruise companies will see a major hit on their revenues and profits.

If this helped you please give a thumps up!!!