UBS Global has flagged demand could exceed supply when cruising restarts. Although the return of cruising in North America will happen later than expected, the industry’s recovery will be strong once it begins, the multinational investment bank has flagged. “While the near-term outlook has gotten worse, with continued delays in...
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UBS Global has flagged demand could exceed supply when cruising restarts.
Although the return of cruising in North America will happen later than expected, the industry’s recovery will be strong once it begins, the multinational investment bank has flagged.
“While the near-term outlook has gotten worse, with continued delays in restart, the longer-term outlook has improved as vaccines become more widespread than what we originally factored into our estimates last year,” wrote analysts Robin Farley, Arpine Kocharyan and Scott McConnell.
“As a result, our 2021 and 2022 estimates are lower, but our 2023 estimates are higher,” the analysts reported.
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