Wall St sees bargains and lure of Europe buoying cruise, hotel earnings

📆 24/07/2023 22.35.00
📰 Reuters

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The post-pandemic rebound of international travel, particularly to Europe, is expected to be a bright spot for hotels and cruise operators this quarter on Wall Street, even as consumers grow more price-conscious amid higher costs.

shares have gained 72%. In comparison, the broader S&P 500 index is up just about 19% in 2023, according to Refinitiv data.

"The relative value of a cruise is close to 50% cheaper than a comparable land-based vacation," said Patrick Scholes, hotel and cruise analyst at Truist Securities. For Carnival, booking volumes in the second quarter were 17% higher than in 2019, Carnival CEO Josh WeinsteinMeanwhile, investors will be watching if record nightly rates for on-shore accommodations can offset revenue in the second quarter. Lodging companies face softer U.S. demand in part as more consumers take advantage of a stronger dollar in Europe even as inflation cools in the United States.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Tulis Komentar

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Top Wall Street analysts see solid potential in these five stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Rivian and Alphabet.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

What's ahead this week for Wall Street and the economy | CNN BusinessWhat's ahead this week for Wall Street and the economy | Analysis by Krystal Hur
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »