crystal cruises news

This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Crystal Cruises is an American cruise line headquartered in Miami, Florida, United States. Hong Kong-based Genting Hong Kong late Wednesday said it had stopped making payments to creditors as it contended with a sharp loss of revenue due to the coronavirus crisis. Either $5 or 5% of the amount of each transfer, whichever is greater. Includes eligible pick-up and delivery services. Cruise lines have been hit hard financially in recent months as they have temporarily shut down operations due to the coronavirus pandemic. They closed at just 30 Hong Kong cents — about 4 U.S. cents. Reviews for 8 Travel Experts working with Amtrak Vacations in Alabama. Additional resources for cruisers during the coronavirus outbreak: Featured image by Peter Bischoff/Getty Images. Tags: Crystal Cruises. View our latest valuations here. The voyages only are open to Taiwanese travelers. Cruise Hive was established back in 2008 and among the earliest blogs in the industry. As the company’s first ever purpose-built river […] (cruisecritic.com) “Such events of default would give rise to a right for requisite creditors of the group to declare that the financial indebtedness owed to them are immediately due and payable,” the company noted. With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories. In a rare endeavour, Crystal Serenity has embarked on a … Show full articles without "Continue Reading" button for {0} hours. The announcement came two days after the company missed a 3.7 million euro payment of fees related to the construction of certain ships. A RED VENTURES COMPANY. Genting Hong Kong is majority owned by Malaysian tycoon Tan Sri Lim Kok Thay. A line-by-line guide, Why you shouldn’t expect bargain-basement cruise deals anytime soon, How to cancel or postpone a cruise due to coronavirus, Expecting a refund for a canceled cruise? One of the world’s best-known luxury cruise lines, Crystal Cruises, tried to assuage customer fears about its viability late Thursday by issuing a statement saying it wasn’t on the brink of shutting down. *Bonus value is an estimated value calculated by TPG and not the card issuer. Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Crystal is celebrating its 30th anniversary. Sims and three of her friends canceled a Crystal sailing on March 25 and are owed thousands of dollars from the line. The early final payment savings deadline is normally six months. Lam added that a liquidation of the company was not very likely. In contrast to Crystal, American Express has been “amazing” in its response, she said. Health and safety protocols: Crystal Cruises is currently working on new measures and initiatives soon. Crystal Confidence 3.0 For 2021 sailings, the adjusted Crystal Confidence 3.0 policies relax the final payment deadline to 60 days prior to first date of service, while travelers who pay in full 90 days prior to first date of service will get an additional 2.5% off their cruise fare. And when you do spend on dining, you should use a credit card that will maximize your rewards and potentially even score special discounts. On curated voyages the world over, a commitment to contemporary luxury offers a superior level of personalized service, exceptional dining and all-inclusive amenities. The news spooked travel advisors already concerned that Crystal had not refunded, in some cases, tens of thousands of dollars owed to their clients who had paid for cruises … Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. Itinerary changes Crystal has canceled all ocean, river and yacht sailings for the remainder of 2020. Related: Cruise executives say they are in no rush to return to service. Terms apply to the offers listed on this page. “We have canceled hundreds of cruises and provided tens of millions of dollars of refunds,” Robison said recently. Meet the Crystal Bach, the Newest of the Crystal Cruises Ships! Related: How to book a cruise with points and miles. Crystal Cancels Remainder of 2020 Ocean, River Cruise Season. Related: 21 tips and tricks that will make your cruise go smoothly. Posted November 19. News. Exclusive deals from America’s #1 agent network. In its statement, the company said it had been trying to raise more money, but “there is currently a lack of certainty as to the outcome of the fundraising exercise.”. The announcement came two days after the company missed a 3.7 million euro payment of fees related to the construction of certain ships. This site does not include all credit card companies or all available credit card offers. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Genting Hong Kong is the parent of Crystal Cruises, Dream Cruises, and Star Cruises, along with the German shipyards MV Werften and Lloyd Werft. Genting Hong Kong is the parent company of Crystal Cruises as well as two Asia-based cruise lines: Dream Cruises and Star Cruises. It also owns the Werften shipyard in Germany, where the first expedition ship for Crystal Cruises currently is under construction. Since 2015, it has been a subsidiary of Genting Hong Kong History. In its statement, the company warned that its suspension of payments to creditors would likely result in the company being considered in default of multiple debt obligations. Genting Hong Kong shares plunged nearly 38% in Thursday trading on the Hong Kong Stock Exchange. As a result, I don't recommend purchasing or making deposits for future Crystal cruises until this matter is resolved. # 3 in Best Cruise Lines for Couples The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Crystal recently canceled all sailings through early January 2021. 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases. 18 August 2016 Cruise News. “It is important to understand that the company is not going out of business,” the Miami-based line said in the statement. See, How to book a cruise with points and miles, Coronavirus crisis claims another small cruise line, When will cruising resume? Luxury line Crystal Cruises has announced it is canceling the remainder of its 2020 ocean and river cruises as a result of the ongoing global health pandemic. Crystal Serenity begins month-long Northwest Passage journey. Rankings. It also owns the Werften shipyard in Germany, where the first expedition ship for Crystal Cruises currently is under construction. Activate by 12/31/21. The line initially promised a refund within 90 days. Crystal Cruises News . ‘Whatever option our parent company pursues, it will allow Crystal to operate its business.”. The company was founded in 1988 by Nippon Yusen Kaisha (NYK). Here’s how long it will take, Some of the year’s hottest new ships could be delayed, Stream these 13 movies, television shows to get your cruise ship fix, AvGeekery for beginners: How to tell Boeing 787s and Airbus A350s apart, 6 ways the new COVID-19 relief bill impacts the travel industry, How points and miles will keep my ancestor’s memory alive in Italy, Blue Cash Preferred® Card from American Express, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. “And we are just as troubled by the lack of communication from Crystal Cruises.”. Cruise industry publication Cruise Week on Thursday reported that the Genting Hong Kong announcement had spooked travel agents who sell Crystal voyages. Reviews for 12 Travel Experts working with Vacation Express in Alabama. The change at the top comes as Tom Wolber, Crystal’s president and CEO since September 2017, steps down to spend more time with his family and to “pursue other interests”.. She said she was so fed up she just filed a dispute about the charges with American Express. The parent company of Crystal Cruises, one of the world’s best-known luxury lines, is in financial trouble. Travel agents and their customers also expressed worries about refunds they were owed for canceled sailings, given Genting Hong Kong had stopped paying its creditors. “We are not fans of a business using our money as a zero-interest loan, even with the pandemic,” Sims said. Hong Kong -based Genting Hong Kong late Wednesday said it had stopped making payments to creditors as it contended with a sharp loss of revenue due to the coronavirus crisis. It will be used to help pull Genting out of the hole they are in. These policies were previously implemented for voyages through June 2021 only. “As it relates to refunds, we continue working through our queue to address each guest’s claim in the order it is received. A spokesperson for Crystal Cruises, Susan Robison, has told The Points Guy on multiple occasions that the line continues to process refunds as fast as it can but has struggled with the sheer volume of refund requests. We may receive compensation when you click on links to those products. Exclusive deals from America’s #1 agent network. Please view our advertising policy page for more information. The parent company of Crystal Cruises, one of the world’s best-known luxury lines, is in financial trouble. Please view our advertising policy page for more information. Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. In addition, it’s a joint venture partner in Resorts World Manila in the Philippines. Cruise industry executive Jack Anderson will take the helm of Crystal as the company’s interim president and CEO. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Continue to share your photos with us: https://bit.ly/2AWQTNf Reply on Twitter 1309885446080598016 Retweet on Twitter 1309885446080598016 4 Like on Twitter 1309885446080598016 18 Twitter 1309885446080598016 Crystal Symphony Fact Sheet » Crystal Serenity Fact Sheet » Crystal Mahler Fact Sheet » Crystal Bach Fact Sheet » Crystal Debussy Fact Sheet » Crystal Ravel Fact Sheet » Crystal Endeavor Fact Sheet » Crystal Esprit Fact Sheet » Crystal Skye Fact Sheet » © The company’s Dream Cruises brand has recently resumed short sailings out of Taiwan with a single vessel, the 1,856-passenger Explorer Dream. I would like to subscribe to The Points Guy newsletters and special email promotions. A line-by-line guide, Why you shouldn’t expect bargain-basement cruise deals anytime soon, How to cancel or postpone a cruise due to coronavirus, Some of the year’s hottest new ships could be delayed, Stream these 13 movies, television shows to get your cruise ship fix, credit card that will maximize your rewards. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. This post contains references to products from one or more of our advertisers. Crystal Cruises has scheduled their reopening cruise for March 26th, 2021. While several major cruise lines have been named once or twice in complaints to TPG, Crystal in particular has repeatedly been mentioned, often in conjunction with five-figure outstanding refunds. #1 Posted in: News. Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Genting Hong Kong is a separate company to Genting Berhad, which owns Resorts World Las Vegas and other Resorts World properties in the U.S., Malaysia, Singapore, the UK and the Bahamas. Additional resources for cruisers during the coronavirus outbreak: Featured image courtesy of Crystal Cruises, CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners. August 1, 2020. Crystal Cruises, which first launched on July 24, 1990 when Crystal Harmony sailed from San Francisco on a 12-day inaugural voyage to Alaska, pioneered the luxury cruising industry and set the stage for three decades of award-winning vacation experiences. Well now you can thanks to the cruiseline’s revolutionary new vessel, the Crystal Bach. Four small cruise lines already have gone out of business due to the coronavirus shutdown. It said it would ask creditors “to refrain from taking any enforcement action so that the stakeholders of the group can have a stable platform to negotiate and implement the restructuring.”, Related: Coronavirus crisis claims another small cruise line, In its statement, the company said it had been trying to raise more money, but “there is currently a lack of certainty as to the outcome of the fundraising exercise.”. For an explanation of our Advertising Policy, visit this page. The company did not say how much cash it still had on hand. © 2020 THE POINTS GUY, LLC. “The company’s remaining available cash will be reserved to maintain critical services for the group’s operations, while the company will endeavor to negotiate a holistic debt restructuring solution,” Genting Hong Kong said in a statement late Wednesday to the Hong Kong stock exchange. Travel when you click on links to those products in 1988 by Nippon Yusen Kaisha ( NYK ) recently all... 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