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COVID-19 impact on revenue of leading cruise companies worldwide 2020

Published by Statista Research Department, Aug 18, 2021
The coronavirus (COVID-19) pandemic had a dramatic impact on the global cruise industry in 2020. That year, international travel restrictions enacted to limit the spread of the virus disrupted cruise trips worldwide. As a result, global leading cruise companies reported a sharp drop in revenue due to the health crisis. Revenue of Carnival Corporation & plc reached around 5.6 billion U.S. dollars in 2020, falling by approximately 73 percent over the previous year. Meanwhile, Royal Caribbean Cruises and Norwegian Cruise Line reported an 80 percent revenue decline.

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

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Sources

Release date

August 2021

Region

Worldwide

Survey time period

2020

Special properties

Carnival's fiscal year ends November 30; Royal Caribbean and Norwegian Cruise's fiscal year ends December 31

Supplementary notes

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

Carnival Corporation Form 10K 2020;

Royal Caribbean Cruises Ltd. Form 10-K 2020;

Norwegian Cruise Line Holdings Ltd. Form 10-K 2020.

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