Honors College Theses

Publication Date

4-28-2023

Major

Management (BBA)

Document Type and Release Option

Thesis (open access)

Faculty Mentor

Dr. Jeffrey Schiman

Abstract

The travel and tourism industry was the fastest-growing industry in 2019. With more discretionary income available, many people spent their time traveling and exploring new cultures. One major sector of the travel and tourism industry is the cruise industry. In this sector of the industry, the clientele pays a flat fee to cover room, food, travel, and entertainment, which allows them to explore new and exciting ports of call. These port destinations rely heavily on tourism income to support their communities and infrastructure. This economic study aims to show how the COVID-19 pandemic has impacted destination port cities and how these port economies are recovering as borders have reopened. This study will analyze the revenue and expense reports from both Carnival Cruise Line as well as those of Royal Caribbean to determine which cruise line earned the most money through passenger ticket bookings and onboard purchases from 2018 to 2022. After data extraction, an analysis of the economic reports of the destination ports will be conducted to show how the cruise industry impacted countries where ports are located before, during, and after COVID-19.

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