CNBC's Rahel Solomon joins 'Closing Bell' to discuss Royal Caribbean's announcement it was suspending cruises for 30 days.

The coronavirus pandemic has brought the bulk of the cruise industry to a standstill as Royal Caribbean and Norwegian Cruises announced Friday the suspension of operations.

Norwegian Cruises announced the immediate suspension of global operations until April 11 and Royal Caribbean said it is suspending U.S. cruises for 30 days. The announcements follow the news Thursday that Carnival’s Princess Cruises is suspending global operations until May 10, which sent the stock down over 30%.

All three major publicly traded cruise companies have now suspended at least some operations as the COVID-19 pandemic that’s infected over 137,445 and killed at least 5,088 people across the world roils the travel industry. The cruise industry has been hit particularly hard, with outbreaks of the virus occurring among passengers and crew on board, prompting on-ship quarantines.

Shares of Royal and Norwegian were both halted Friday before the announcements. Royal’s stock finished the day up nearly 7% amid broader market gains. Norwegian Cruises stock closed up over 15%. However, shares of all three companies have fallen by over 60% since Jan. 1.

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