Cruising is one of the most popular ways to travel and explore the world. However, choosing the right cruise line can be a daunting task.
Not only do you need to consider the destinations, itineraries, and onboard amenities, but you also need to take into account the financial stability of the cruise line itself. In this article, we will take a closer look at which cruise line is currently the strongest financially.
Carnival Corporation & plc
One of the largest and most well-known cruise lines in the world is Carnival Corporation & plc. This company boasts a portfolio of nine distinct brands, including Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn. Despite facing some financial difficulties in recent years due to several high-profile incidents on their ships, Carnival Corporation & plc remains one of the strongest financially.
In 2019, Carnival Corporation & plc generated $20.8 billion in revenue and had a net income of $3 billion. They also have a strong credit rating from Moody’s Investors Service and Standard & Poor’s Ratings Services. Additionally, they have plenty of cash reserves on hand for any unforeseen events or economic downturns.
Royal Caribbean Group
Another major player in the cruising industry is Royal Caribbean Group. This company owns several well-known brands such as Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises. Although they are not as large as Carnival Corporation & plc in terms of revenue and fleet size, Royal Caribbean Group is still considered one of the strongest financially.
In 2019, Royal Caribbean Group generated $10.9 billion in revenue and had a net income of $1.8 billion. They also have a solid credit rating from Moody’s Investors Service and Standard & Poor’s Ratings Services. Additionally, they have implemented cost-cutting measures to help weather any potential financial hardships.
Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. is another major cruise line that operates several brands, including Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. While they may not be as well-known as Carnival Corporation & plc or Royal Caribbean Group, Norwegian Cruise Line Holdings Ltd. is still considered financially strong.
In 2019, Norwegian Cruise Line Holdings Ltd. generated $6.5 billion in revenue and had a net income of $930 million. Additionally, they have implemented cost-cutting measures to help maintain their financial stability.
Conclusion
In conclusion, while there are many factors to consider when choosing a cruise line, financial stability should definitely be one of them. Carnival Corporation & plc, Royal Caribbean Group, and Norwegian Cruise Line Holdings Ltd. are all currently considered financially strong and are great options for anyone looking to book a cruise vacation.
Remember to always do your research before booking any travel plans and to keep an eye on the financial health of the company you choose to sail with. Bon voyage!