Record High for Royal Caribbean Fuels Surge in Cruise Industry Stocks
Leisure stocks are currently witnessing a significant trading activity, particularly those of cruise companies. This surge is a clear indication of investors’ renewed confidence in the travel recovery. Royal Caribbean Cruises Ltd. is leading the pack, with shares soaring by $8.05 to hit a staggering $334.15 during Thursday’s trading. This is just shy of its 52-week high of $334.74.
The cruise sector is demonstrating remarkable resilience. Norwegian Cruise Line Holdings and Carnival Corporation are also among the top-performing leisure stocks. Despite a high debt-to-equity ratio of 9.09, Norwegian Cruise Line maintains a market capitalization of $9.83 billion, bolstered by strong investor interest.
The positive momentum reflects broader industry confidence. According to recent statistics, the global cruise industry welcomed 34.6 million passengers in 2024 and is expecting a further increase to 37.7 million in 2025. CLIA member lines are set to add 11 new ships to the global fleet in 2025, representing continued expansion despite recent global challenges.
Source: The Markets Daily