As tourists rethink their itineraries amid terrorist concerns, the cruise industry is seeing a revenue windfall. The three major stocks—Royal Caribbean, Carnival, and Norwegian Cruise Line—have registered impressive double-digit gains over recent months. Analysts soured on the sector across most of 2015-2016 because of capital-spending plans. The trend favoring new and refurbished ships is exorbitantly expensive. Royal Caribbean spent at least $1.4 billion on Harmony of the Seas; other companies have taken on similar, outsized investments. Skepticism has dissipated because the industry is a magnet for skittish globetrotters. Even more travelers may join those ranks as combative White House policies, among other factors, further raise terrorist concerns. There is a reason why Alaska is braced to see record cruise-passenger arrivals this year. ■
Learn more at the Chicago Tribune
© 2017 Cranganore Inc. All rights reserved.
Unauthorized use and/or duplication of any material on this site without written permission is prohibited.
Image: Alaska is a surprise cruise-line hot spot. Credit: Flashpackersphotos at Can Stock Photo Inc.
Important Disclosure: The book-title and cover-image hyperlinks on this page are affiliate links. If you opt to make a purchase from amazon.com, we earn a sliver of revenue at no cost to you. The gesture is a much-appreciated vote of encouragement, signalling continued interest in these recommendations.
Required Notification: The website sponsor is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.