Travel Pulse reports on the UBS Forecasts Industry Recovery results for 2013. Theresa Norton Masek writes a good article with the downfalls and the hopes that the cruise industry faces. . . .
"While 2012 was once expected to be the third consecutive year of yield recovery for cruise lines, the Costa Cruises’ Costa Concordia capsizing on Jan. 13 quickly halted that forward movement, according to a new cruise industry outlook published by UBS Investment Research. But the long-term viability is still bright for the cruise industry, with 2013 seen as a year to recover the losses from this year, according to the report.
“By all accounts, 2012 was set to be a third consecutive year of yield recovery, with both Carnival [Corp.] and Royal Caribbean [Cruises Ltd.] seeing strong demand and forecasting above average increases in yield,” wrote Robin Farley, a leisure, gaming and lodging analyst for UBS in her 107-page report. “However, the cruise industry in 2012 will likely be remembered for one day: Friday, Jan. 13. This was the day that Costa Concordia ran aground off the coast of Giglio, Italy, resulting in multiple deaths and injuries.”
Read more at: travelpulse.com
