Shares of cruise operators Norwegian Cruise Line,Carnival Corp and Royal Caribbean Cruises Ltd gained between 4% and 7% in morning trading.
According to Wednesday morning following reports indicating the CDC has announced cruises could resume by mid-summer with restrictions.
While no specific date for resumption was given by the CDC, the public agency repeated how COVID-19 vaccination efforts will be critical in the safe resumption of passenger operations.
The CDC said as more people are fully vaccinated, a phased approach allows the CDC to incorporate advancements into planning for resumption of cruise ship travel when it is safe to do so. The public agency recommends that all eligible port personnel and travelers get a COVID-19 vaccine when one is available to them.
Norwegian Cruise Line Holdings plans a phased return to cruising. The cruise company unveiled a “two-pronged plan” with cruise resumption outside the United States from Jamaica, Dominican Republic, and Greece starting from July this year with the company’s ships including Norwegian Joy, Jade, and Gem.
Carnival Corp.’s bookings are accelerating, reflecting pent-up demand for cruising even as the industry remains essentially on hold.
In a quarterly update Wednesday, the company said booking volumes in the first quarter of 2021 were about 90% higher than in the fourth quarter of 2020. Cumulative advanced bookings for next year are ahead of 2019 levels.
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