The cruise industry is sailing in choppy waters as it deals with a storm of red-hot inflation and consequent interest rate hikes, which might push the economy into a recession. Wall Street analysts have already cut their 2022 revenue estimates for cruise operators by 5% on average.
On top of it, the travel industry is experiencing a severe staffing shortage, particularly for customer-facing roles. Industry CEOs acknowledge that they are struggling to add staff to meet demand.
