The urge to splurge: Don t underestimate strength and speed of post-lockdown market revival
Consumers spending spree key to recovery
Mike Willans and Bimal Patel of Canada Life
Mike Willlans and Bimal Patel
15 April 2021
It is easy to overestimate the social changes wrought by Covid-19. Yes, online purchases and Netflix subscriptions soared, Zoom is now an everyday tool and surveys suggest that we got comfortable with lockdown life and would prefer less time in the office. But how will we feel in a few months time?
We are sociable animals who enjoy variety, novelty and movement. Many of the things we used to do - such as going to a cinema, working with colleagues in an office, browsing in shops, or travelling for the sake of travelling - were things that we did for a reason. It was because we liked doing them.
Submits Reminder Letter to CDC on Proposal to Lift Conditional Sailing Order and Resume Cruising from U.S. Ports Starting July 4
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Provide Uniquely Safe and Healthy Environment
Robust, Science-Backed Protocols Extend Well Beyond Those Implemented by Other Reopened Travel, Leisure and Hospitality Sectors
MIAMI, April 15, 2021 (GLOBE NEWSWIRE) Norwegian Cruise Line Holdings Ltd. (“Norwegian” or “the Company”) (NYSE: NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today sent a reminder letter to the U.S. Centers for Disease Control and Prevention (“CDC”) requesting a response to the Company’s previously submitted plan to resume cruise operations from U.S. ports in July. This comprehensive plan includes the Company’s multi-layered SailSAFE Health and Safety Program developed in conjunction with globally recognized experts, including the Healthy Sail Panel (“HSP”), co-c
Norwegian Cruise Line Sends Reminder to CDC After No Response cruisehive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cruisehive.com Daily Mail and Mail on Sunday newspapers.
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Cruise line stocks have been sailing higher in 2021 on expectations the major lines will hit the open waters again this year. And they earned a boost earlier this month after the U.S. Centers for Disease Control and Prevention (CDC) issued much-anticipated reopening guidelines for travel ship operators.
More recently, though, some of the wind has been taken out of cruise stocks sails.
CDC guidelines have failed to provide a specific reopening date for cruise operators. Concerns that rising debt levels could negatively impact shareholder value are another hurdle.
And cruise line stocks recently took another recent hit after the U.S. Food and Drug Administration (FDA) and CDC suggested halting the use of Johnson & Johnson s (JNJ) single-dose COVID-19 vaccine after six women developed blood clots within two weeks of getting their shots – potentially tapping the brakes on the pace of immunization.