Not recreational travel - his prior experience is in gaming and gaming-related hospitality such as casinos in Vegas. He now runs a turnaround fund out of NYC. Without actual experience in the cruising industry, it makes you good at copying spreadsheet numbers into the next column and dragging the cells across to 2030. This is what I suspect has happened here.
Again, the comment was "peak profitability". The cruise lines are using your money for the future cruises to stay afloat at this moment. So they will need to pay off loans and other expenses that they are occurring during this pandemic; that's going to cut future profits for a while. Clearing cruise lines have been hemorrhaging money for nine months now, and will likely continue to for the next year or two. Then, they'll slowly start to turn the corner and get back to profitability. But they'll still have to repay the money they borrowed to stay afloat in 2020 and 2021. Peak profits appears to be ten years away, once all of the loans from 2020 are repaid.
That was my reaction when someone in person told me. I'm was like oh you read it online. Guess it must be true. Cause this person will believe everything she hears. And then will tell me about it. Like I have to take everything she says she heard about with a grain of salt.
It's wild to me that they are hopeful for 2022. I'm not. Not until at least 2024. If things get worse, then I'd say 2030.
I don't think we can gauge the future of the cruise industry by anything San Francisco does.
I don't think we can gauge the future of the cruise industry by anything San Francisco does.
You're probably right. But, if citizens are willing to have their personal liberties suspended indefinitely, then pretty much everything is now at the whim of mayors and governors.I don't think we can gauge the future of the cruise industry by anything San Francisco does.
Well, yeah. That's why I'm glad I live in Texas, and also why I've only vacationed in Florida since the pandemic started. Next year we'll be vacationing in multiple Southern states that are not under lockdown. I'm glad we took our San Francisco trip in 2018, and that we've already been to Disneyland California!
Yeah. I live in North Carolina, about 4 miles from the South Carolina border. The difference between our two states is like East Berlin/West Berlin prior to the removal of the Berlin wall. We spend almost all leisure time and money in South Carolina. It is a shame that our North Carolina businesses suffer, as many others choose to do the same, but maybe it will provide an incentive for North Carolinians to push back against more restrictive mandates.
Is North Carolina really that bad for travelers? I'm actually planning to go to North Carolina as one of our states to visit, because they don't have any quarantine requirements for travelers, and the places we'd want to go (the Biltmore and the Kitty Hawk memorial) are open. Am I missing something?
I think based on the numbers South Carolina residents should DEMAND more restrictive mandates. Look at the spike! Unacceptable.
I don't know whether or not its bad for travelers, since I haven't travelled in NC since the start of the mandates. NC is relatively way more restrictive than the border towns of SC. Most SC cities have their own mandates.
North Carolina is no better. We are also recording record numbers of cases and deaths.
California is spiking, too, and its restrictions have done nothing.
Correction, restrictions have not been observed. THAT is my point.
Well, the Kitty Hawk memorial is on the other side of the state from the other two.
So let's make more?
Flu has disappeared because restrictions have been observed. COVID has spiked because restrictions haven't been observed.
