COVID-19 Has Bludgeoned the U.S. Passenger Vessel Industry | WorkBoat
Covid-19 came down suddenly and hard on passenger vessels, which had been one of the very bright spots in the workboat market. Government shutdowns idling thousands of employees and vessels were followed by a barrage of new safety rules at every level.
Some operators lost the entire 2020 season. Others like ferries had to keep running, learning and adapting as they sailed with fewer riders. Some reopened when they could to a trickle of customers. Others may never reopen.
The Passenger Vessel Association (PVA) estimates lost revenue for the U.S. industry through the end of the year will be between $5 billion and $10 billion. About 80% of the workforce has been either furloughed or laid off. Business for many has dropped 80-90%.