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Sinking Ship? How Trump's COVID-19 Might Hurt The Cruise Industry

2020-10-02 3 Dailymotion

The stock market took a dive on Friday on news that US President Donald Trump has tested positive for COVID-19.<br />According to Business Insider, industry experts think the cruise industry could take a hit from the news.<br />Macquarie analyst Paul Golding says an event raising the visibility of the virus could 'potentially alter the timeline for full resumption for the cruise lines.'<br />Golding added that anything that increases the likelihood of a new administration in January could negatively impact cruise supply and demand.<br />He explained that a new administration would likely be less sympathetic toward cruise lines reopening without a vaccine.<br />Furthermore, a Biden administration would likely be 'more keen to follow doctor, scientist, and expert recommendations.'

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