Concerns over COVID-19 have led to cruise lines cancelling trips. Carnival brands Costa and Princess suspended voyages for 60 days. Both Carnival brands had COVID-19 cases onboard ships, affecting hundreds of people. Cunard and Royal Caribbean have suspended sailings to April 11, and Virgin Voyages’ new ship, Scarlet Lady, has suspended voyages until July 11. Norwegian Cruise lines is still sailing, offering discounted fares, onboard credits and free airfare. Carnival is also offering discounted cruises.
In addition to the company decisions, the Canadian government has banned cruise ships until July, except for the arctic region where there will be no season at all this summer. The Canadian Public Health Agency has advised Canadians to avoid cruise ships entirely. Many other ports and jurisdictions have put restrictions in place. As a result, stock prices for cruise lines are down 60 – 80 per cent over this time last year.