Some good cruise industry news

[Chris_Texas]

This isn't specific to river cruising, but I would assume (with all the associated dangers) that river cruising is experiencing the same type of resurgence.  Now that vaccines are ramping up, people are eager to begin to book cruises.  Royal Caribbean's stock is up 30% over the last week (thankfully, as I'm a shareholder) amidst news that bookings are up significantly - and many other publicly-traded cruise operators are surging in the same manner. 

 

Certainly all of this is very early, but I think it bodes well for those of us hoping for both vacations and the financial health of the cruise industry.

 

Royal Caribbean Cruises Ltd. rose to its highest in nearly a year in New York after the company said bookings continue to improve, lifting the shares of competitors as well.

Since the beginning of the year, reservations are running 30% higher than in November and December, Chief Financial Officer Jason Liberty said Monday on a quarterly conference call with investors.

Shares of Royal Caribbean, the second-largest cruise operator, rose as much as 13% to $88.75, their highest since Feb. 26, 2020. Carnival Corp. and Norwegian Cruise Line Holdings Ltd. also jumped.

The vaccinations of millions of Americans against coronavirus has been a significant help, Liberty said in a phone interview, along with the accompanying decline in Covid-19 cases across the country.

 

https://www.bloomberg.com/news/articles/2021-02-22/royal-caribbean-leads-cruise-stocks-higher-with-gain-in-bookings

Edited February 24, 2021 by Chris_Texas