It's been a good year for cruise stocks. The industry, which suffered from shutdowns during the Covid-19 pandemic, is now benefiting from travelers' pent-up demand. That's leading to some upgrades by Wall Street analysts and new highs for the stocks. Carnival and Norwegian Cruise Line hit 52-week highs on Wednesday, while Royal Caribbean did so on Tuesday. "We are not seeing any sign of weakness from our guests.
mountain Norwegian year to date That may appeal to inflation-weary Americans who still want to travel, yet are reining spending. In a recent poll by Wolfe Research, more than 90% of those taking a cruise this year felt it offered a better value, analyst Greg Badishkanian wrote in a May 31 note. The Wall Street firm surveyed over 1,000 U.S. consumers. "We think this should support cruise pricing into the future," he said.