BUZZ-Cruise stocks advance as demand strengthens
Updates
Shares of cruise operators Royal Caribbean RCL.N, Carnival CCL.N and Norwegian Cruise Line Holdings NCLH.N up ~80%, 35% and 28% this year, respectively
Stocks have risen for the second straight year
RCL and NCLH have raised their annual forecasts multiple times this year, while CCL forecast strong bookings for 2025 earlier this month
Cos have benefited from strength in demand for cruise vacations, as well as plenty of room to continue raising prices to bridge the gap with land-based vacations
Momentum expected to continue in 2025, helped by growth in new-to-cruise passengers and demand materially outpacing supply to drive pricing power - Goldman Sachs
With pent-up demand long gone, we turn our focus to idiosyncratic drivers of pricing power such as new private islands and ship launches in cruise - Goldman Sachs
YTD, the S&P 500 Hotels, Restaurants & Leisure index .SPLCHRL has risen 14% compared with a 23.8% rise in the S&P 500 index .SPX
(Reporting by Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com;))
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