Cruises: Analysis of the impact of COVID-19 for major cruise companies using the SWOT framework - Issue 2 (Company Impact Report)
Cruises: Analysis of the impact of COVID-19 for major cruise companies using the SWOT framework - Issue 2 (Company Impact Report)
SUMMARY
COVID-19, commonly referred to as the Coronavirus, is dominating headlines the world over. The travel & tourism sector is suffering significant disruption and few industries have seen as much disruption as cruise liners.
KEY HIGHLIGHTS
SUMMARY
COVID-19, commonly referred to as the Coronavirus, is dominating headlines the world over. The travel & tourism sector is suffering significant disruption and few industries have seen as much disruption as cruise liners.
KEY HIGHLIGHTS
- The common threats to all players in the cruise industry are travel restrictions and loss of on board revenues.
- The number of active cruise ships has dropped exponentially, this is reflected in the steep drop in share prices.
- New competition, a slowdown in developing markets and backlash from both employees and customers threaten cruise businesses in the coming months ahead.
- This report provides insight into what constitute strengths, weaknesses, opportunities and threats for players in the cruise industry. It also provides examples of relevant companies for each SWOT element.
- Assess the impact COVID is having on industry players
- Look at the impact coronavirus is having on share prices
- Understand what constitute strengths, weaknesses, opportunities and threats in this industry in the current climate
- Look at real-world examples of company strategies
Overview
Share Price Impact
SWOT Analysis
Company Focus - Strengths
Company Focus - Weaknesses
Company Focus - Opportunities
Company Focus - Threats
References
COMPANIES MENTIONED
Carnival Corporation
MSC
Royal Caribbean
Norwegian Cruise Line
Virgin Voyages
Genting
MSC
Fred Olsen
Share Price Impact
SWOT Analysis
Company Focus - Strengths
Company Focus - Weaknesses
Company Focus - Opportunities
Company Focus - Threats
References
COMPANIES MENTIONED
Carnival Corporation
MSC
Royal Caribbean
Norwegian Cruise Line
Virgin Voyages
Genting
MSC
Fred Olsen