News Formal

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

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

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

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.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 2. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

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.
ソース: CNBC - 🏆 12. / 72 続きを読む »

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
ソース: CNN - 🏆 4. / 95 続きを読む »