As a result of the Covid-19 travel restrictions, the cruise industry was dealt a hard blow, with multinational companies, such as Carnival Corporation, suffering major financial losses, reports Ship Technology.
Carnival’s total revenue dropped from $4.8bn in 2019 to $700m.
Other cruise operators, on the other hand, have decided to bet on the industry’s future by buying ships at a much cheaper price.
Holland AmericaHolland America was one of the first Carnival-owned brands to go along with the...