The coronavirus (COVID-19) caused Royal Caribbean to suspend their sailings through April 10th a few weeks ago; however, the cruise line company announced that it would now suspend all cruises through May 11, 2020. Additionally, due to port closures in certain regions, the company will not continue cruises in Alaska, Canada, and New England until July 1st.
According to Royal Caribbean, guests impacted by this change will automatically receive a 125% Future Cruise Credit, which will be issued by April 30th and be valid for use by December 31, 2021. In addition, guests will receive a refund for any pre-purchased amenities/packages and Royal Caribbean Travel Protection. Guests also have the option to receive a full refund rather than the higher valued Future Cruise Credit.
The coronavirus outbreak has not only impacted Royal Caribbean’s scheduled sailings but has also resulted in amplifications for Allure of the Seas and Explorer of the Seas being put on hold. The two ships were scheduled to receive multi-million dollar renovations. Moreover, earlier this month, the company announced it would cut 2021 capital expenditures, and recently, the company revealed that it has entered a $2.2 billion loan facility to enhance the company’s liquidity position.