Japan cruise operator declares bankruptcy when the coronavirus reaches demand

TOKYO: A Japanese cruise operator showed up Monday after its restaurant restaurant Luminous Kobe 2, which offered buffets and night views of the western port city of Kobe, was affected by cancellations amid concerns about the outbreak.

Luminous Cruise said it had already been struggling with the rising fuel costs and setbacks of recent typhoons before the coronavirus outbreak at the Diamond Princess, an unrelated cruise ship now docked at Yokohama.

Since February 1, we have had many cancellations that appear to be related to the coronavirus. Continuing would have resulted in huge losses for our creditors, he said on his website, announcing his bankruptcy and suspension of the cruise.

The bankruptcy of Luminous Cruise is one of the first derivatives of the outbreak, and economists warn that more will come as the number of tourists decreases. A hotel in Aichi recently declared bankruptcy after cancellations by Chinese tourists, Tokyo Shoko Research said last week.

It has more than 940 cases of viruses, including 705 of the Diamond Princess lining, owned by Carnival Corp, according to public broadcaster NHK.

The outbreak, especially the large group of infections associated with Diamond Princess, has affected the global ocean cruise industry of $ 46 billion, which is dominated by Carnival Corp, Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings.