Cruise

Norwegian Cruise Line CEO ‘Astonished' People Are Still Booking Cruises

1 month ago   |   By Forbes

The company reported a 99% decline in revenue during the second quarter.
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Travel reservations have plummeted 91% and won't be back until there's a vaccine, says Booking Holdings CEO

Travel reservations have plummeted 91% and won't be back until there's a vaccine, says Booking Holdings CEO

1 month ago   |   By Business Insider

Spencer Platt/Getty Images
Booking Holdings, which owns brands including Kayak and Booking.com, saw the worst effects of the pandemic in the second quarter, reporting that gross bookings fell 91%.
CEO Glenn Fogel said during the earnings call that a vaccine or effective treatment will be necessary for business to return to normal.
The company said it's expecting a high level of uncertainty for the next several quarters, as it's unclear how comfortable people will be to travel as the pandemic continues.
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The travel industry has been hit...
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