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Coronavirus is not impacting cruise bookings for 2021, analysts say
Despite coronavirus cruise bookings up compared to last year: UBS
Fox News’ Liz Peek, FOX Business’ Dagen McDowell and CFRA director of equity research Ken Leon discuss how coronavirus is impacting the cruise industry.
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Despite the coronavirus battering the cruise line industry, bookings for cruises in 2021 are on the rise.
New data from UBS revealed bookings across U.S. cruise lines increased 9 percent during the last 30 days compared to this time last year. Analysts say this increase is because customers are cashing in on future travel credits or refunds from recently canceled trips.
"That includes people applying their future cruise credits from sailings that were canceled this year, but still shows a surprising resilience in a desire to book a cruise,” analysts wrote in a March report on cruise lines.