Cruise industry 'all in the same boat' on Cuba: Del Rio

'It's business as usual until it's not,' Frank Del Rio said about cruises to Cuba 'It's business as usual until it's not,' Frank Del Rio said about cruises to Cuba

The cruise industry is 'all in the same boat' on Cuba, Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings, said Thursday. It's not a matter of one company or brand competing against the other.

'Hopefully the administration finds a way for us to continue to sail to Cuba,' Del Rio said.

No political pressure

'We think [Cuba] is good for the industry. We don't want to put pressure on the political side. It's business as usual until it's not,' Del Rio said in response to an earnings call question about what came from a rumored visit to Washington by Del Rio and colleagues from other cruise companies.

Del Rio didn't confirm or deny anything about a Washington trip, but said it's too early to tell what's going to happen in the cruise area. More clarity on the Trump administration's new Cuba travel policies is expected.

'This is government, not business. We just have to wait and see,' Del Rio said.

Meanwhile, current regulations allow people-to-people travel, and cruises continue.

According to an analysis by Wells Fargo Securities, NCLH is potentially the most exposed of the three major cruise companies should Cuba sailings end.

Posted 09 May 2019

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Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor Seatrade Cruise Review