COVID-19 impact on cruise companies' revenue worldwide 2021

The coronavirus (COVID-19) pandemic hit the global cruise industry hard in 2020 and 2021, as countries worldwide introduced travel restrictions to limit the spread of the virus. As a result of the health crisis, the revenue of global leading cruise companies was substantially lower in both those years compared to pre-pandemic levels. Revenue of Carnival Corporation & plc amounted to roughly 1.9 billion U.S. dollars in 2021, falling by nearly 91 percent over 2019. Over the same period, the revenue of Royal Caribbean Cruises and Norwegian Cruise Line dropped by 86 percent and 90 percent, respectively.

Percentage change in revenue of leading cruise companies worldwide during the coronavirus (COVID-19) pandemic in 2020 and 2021

Characteristic	2020 vs. 2019	2021 vs. 2019
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Release date

March 2022

More information

Region

Worldwide

Survey time period

2020 and 2021

Special properties

Carnival's fiscal year ends November 30; Royal Caribbean and Norwegian Cruise's fiscal year ends December 31; figures refer to the percentage change in revenue in 2020 and 2021 over 2019

Supplementary notes

Data were calculated by Statista based on the revenue figures published on the following company reports:

Carnival Corporation Form 10K 2021;
Royal Caribbean Cruises Ltd. Form 10-K 2021;
Norwegian Cruise Line Holdings Ltd. Form 10-K 2021.

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