Trump's COVID-19 diagnosis could indirectly impact the cruise industry, an analyst says
Visibility of COVID-19 will be important for cruise lines as they seek to resume operations, since cruise ships saw severe outbreaks early on.President Donald Trump announced Friday morning that he had contracted COVID-19.early on Friday in response, and industry experts think the cruise industry could be negatively impacted.
Paul Golding, an analyst at Macquarie, told Business Insider that an event raising the visibility of the virus could “potentially alter the timeline for full resumption for the cruise lines.”As the news of President Trump's positive COVID-19 test slumped the market early on Friday, industry analysts predict cruising could also be negatively impacted. , the possibility of a new presidential administration could affect the cruise industry.
"Any increased visibility around the seriousness and pervasiveness of COVID, whether it's a second wave or politically related … likely [has] a negative impact in our view on cruising demand and supply," Golding said, adding that "we would expect that to potentially alter the timeline for full resumption for the cruise lines."
Additionally, anything that increases the likelihood of a new administration in January — including increased visibility of infection rates or another COVID-19 wave — could negatively impact cruise supply and demand, Golding said. A new administration would likely be less sympathetic toward cruise lines reopening without a vaccine, Golding said, and be "more keen to follow doctor, scientist, [and] expert recommendation.
That's a particular focus this week, given that the Centers for Disease Control and Prevention pushed to extend the existing no-sail order on cruising until February. The White House intervened to overrule that plan,
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