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Significance
COVID-19’s onset has seen rapid loss of passenger demand amid government social lockdowns. As all major cruise lines are incorporated or domiciled abroad, they also do not qualify for direct US government financial support.
Impacts
Cruise lines might seek to register in the United States to get potential access to government aid.
Obstacles to US registration may include crewing; cruise lines generally rely on crew that are cheaper than US labour.
The cruise industry and ports will face pressure to ensure their medical provisions are suitable for passengers.
Keywords:
Travel & tourism,
industry,
leisure,
shipping,
debt,
foreign investment,
foreign trade,
health,
labour,
shipbuilding,
International,
United States,
INT,
NA,
Asia,
China,
US/INT
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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