Royal Caribbean’s Adam Goldstein was on FOX Business’s @MorningsMaria yesterday. The FOX analysts questioned Mr. Goldstein after the terrorists’ attack on the airport and subway in Belgium yesterday.
Mr. Goldstein, the President and Chief Operating Officer of the cruise line, explained that his company makes a lot of effort into its security. Royal Caribbean’s cruise ships call on approximately 500 ports annually. Like other companies, it makes judgments based on the security information it has received prior to calling on a port. Occasionally, it will decide that it is not in the best interests of the cruise line and its guests to go to a particular port, like the recent case of Bali which its Celebrity Solstice and Royal Caribbean Radiance of the Seas avoided.
Most places Royal Caribbean sails to are "absolutely safe," Mr. Goldstein claims.
He said that after the terrorist attacks last year in Paris, there was a "brief" decline in business of a week or two from Northern Europe countries. He said the effect on his cruise line business was "de minimis." He does not expect anything different after this latest attack in Brussels.
The FOX News panel also questioned Mr. Goldstein on the effect of the Zika virus on bookings. He also downplayed the effect of this serious medical problem, which is believed to cause abnormally underdeveloped heads (microcephaly) in newborn children.
Mr. Goldstein said: "We are not aware that we ever saw any sort of impact on the business and it doesn’t seem to be a conversation today."
This is an interesting perspective. Yesterday, another financial show on CNBC, Jim Cramer’s MAD MONEY, suggested that although cruise lines deny that the Zika virus has affected their operations to date, it will severely impact cruising in the coming months.
You can hear Mr. Goldstein below.
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