Cruise line stocks have been facing many changes in the past few months due to Covid-19. However, the current situation of the market is proving to be a great opportunity for stock investment, as the U.S. economy continues to experience growth and consumer spending rises, the stocks are available at low costs due to this current situation of the market.
With the Dow Jones Industrial Average has reached a recent record high, it’s a good time to review the cruise industry. This seemingly recession-proof industry gets a boost from both rising consumer confidence and strengthening global economies.
I hope this article helps you to get a better idea of how cruise line stocks are affected by Covid, as well as learn about some prominent stocks which might help you make good money.
5 Best Cruise Line Stocks
|Stock||Price||Marketcap||Change %||Change||Volume||Sector||Industry||52 Week Range||EPS||Employees|
|$11.8||15.3B||1.99%||$0.24||35,978,398||Consumer Cyclical||Travel Services||8.3||40,000|
D/B/A Royal Caribbean Cruises L
|$68.4||17.5B||1.30%||$0.9||3,062,855||Consumer Cyclical||Travel Services||20.8||84,900|
Norwegian Cruise Line Holdings
|$16.6||7.0B||3.16%||$0.54||12,040,707||Consumer Cyclical||Travel Services||10.6||34,700|
Expedia Group, Inc.
|$118.7||18.5B||2.26%||$2.8||1,961,996||Consumer Cyclical||Travel Services||2.9||14,800|
Lindblad Expeditions Holdings I
|$12.0||638.8M||2.59%||$0.32||203,933||Consumer Cyclical||Travel Services||2.6||700|
Cruise Line Industry Performance
Though the cruise industry was hard hit in 2020 when the coronavirus (COVID-19) pandemic caused travel restrictions, this segment has rebounded sharply since then. In recent years, global cruise industry revenue reached more than 27 billion U.S. dollars, and the U.S. market generated most of these earnings to take the crown as a world leader from Germany. In 2020, the U.S. was still the market leader, but revenue declined by roughly 12 billion U.S. dollars over the previous year.
From the above chart, it can be seen that when Corona-Virus came up and hit the world’s all sector with Cruise Industry, the revenue & earnings go down. But the good thing is that the companies are not bad in their business and before the covid-19 period, the industry was growing very well. That means whenever this situation will calm down, the cruise industry will grow again, and so will the stock price.
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#1 Carnival Corporation
Carnival Corporation & PLC (NYSE: CCL), the world’s largest cruise company, operates more than 87 cruise ships and is one of the key companies that run cruises from North America to the Caribbean. Its ships go through about seven hundred ports under the brands of Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. The company also owns interests in travel-related properties such as hotels, travel agents, and vacation destinations throughout the world. In 2018, the company was voted “Best Ocean Cruise Line” in the USA.
#2 Royal Caribbean Group
Royal Caribbean Group is a global cruise company. It operates under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands. It owns and operates a diversified fleet of 60 cruise ships, including the world’s largest cruise ships. The company offers its services in more than 800 destinations around the world. It is also interested in vacation ownership through the Royal Vacation Club.
#3 Norwegian Cruise Line Holdings
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands.
It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, India and the rest of Asia, Tahiti and the South Pacific, Australia, and New Zealand, Africa, South America, the Panama Canal, and the Caribbean.
As of December 31, 2020, the company had 28 ships with approximately 59,150 berths. It distributes its products through retail/travel advisor and onboard cruise sales channels, as well as meetings, incentives, and charters. The company was founded in 1966 and is based in Miami, Florida.
#4 Expedia Group
The company was formerly known as Expedia, Inc. and changed its name to Expedia Group, Inc. in March 2018. Expedia Group, Inc. was founded in 1996 and is headquartered in Seattle, Washington. It operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites.
#5 Lindblad Expeditions Holdings
Lindblad Expeditions Holdings, Inc. is a company, which allows people to connect with exotic and remote places. The Company operates a fleet of 9 owned expedition ships and 5 seasonal charter vessels. It operates through 2 segments: Lindblad and Land Experiences. The Lindblad segment consists primarily of ship-based expeditions aboard customized, nimble, and intimately scaled vessels, which offer up-close experiences in the planet’s wild and remote places and capitals of culture.
The information included at this site is for educational purposes only and is not intended to be a substitute for investment advice. Data on past performance, where given, is not necessarily a guide to future performance. So before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses.