Shares of Carnival Corporation & plc (CCL) have gained 41.1% in the past three months compared with the industry’s 16.5% growth. The company has been benefiting from strong bookings, marketing efforts and new ship additions. Also, the focus on strategic initiatives bodes well. However, increased expenses are a concern.Let us discuss why investors should retain the stock for the time being.Key Growth DriversCarnival gains from solid booking momentum. During the fiscal fourth quarter, the company reported sol ...

The cruise industry is witnessing a significant surge in bookings for 2024, surpassing pre-COVID levels across various income brackets. The allure of cruises, known for their cost-effectiveness compared with land-based options, remains strong.The Cruise Lines International Association (CLIA) forecasts that nearly 35.7 million passengers will embark on cruises in 2024, marking an increase from the 31.5 million passengers in 2023. This projection represents a 6% rise from the number of passengers who sailed i ...

Shares of Carnival (CCL 3.06%) were moving higher last month as the world's largest cruise line benefited from expectations that the Federal Reserve would lower interest rates in 2024. The company posted strong results in its fourth-quarter earnings report toward the end of the month.According to data from S&P Global Market Intelligence, the stock finished the month up 23%. As the chart below shows, Carnival notched much of its gains at the beginning of the month, though the stock also jumped on Dec. 21 aft ...

VALENCIA, Calif., Jan. 4, 2024 /PRNewswire/ -- Cunard will bring back an exclusive series of Le Gavroche residencies at sea this year as two Michelin-starred chef Michel Roux brings his iconic London restaurant to guests on Queen Anne and Queen Mary 2.The esteemed chef will close the popular Mayfair venue this month and oversee four Le Gavroche residencies across four exciting Fjords voyages in 2024. Michel Roux will partner with Cunard for an exclusive Le Gavroche at Sea collaboration The exclusive se ...

Upcoming Season Marks Princess' 55th Anniversary Sailing to AlaskaFT. LAUDERDALE, Fla., Jan. 3, 2024 /PRNewswire/ -- Princess Cruises, a name synonymous with elegance, adventure, and world-class hospitality, proudly celebrates Alaska today on the momentous occasion of its 65th anniversary of statehood. As the leader in Alaska vacations, Princess Cruises has been a part of Alaska's incredible journey, showcasing its natural beauty and cultural richness to millions of travelers from around the globe. Prin ...

Shares of cruise operators were among the worst performers in the S&P 500 SPX, -0.53% to start 2024, after posting record yearly gains in 2023. Norwegian Cruise Line Holdings Ltd.’s stock NCLH, -6.91% fell 6.8% to lead the S&P 500’s losers, as it headed for a three-week closing low. The stock had soared 63.7% in 2023, to break the previous record of 37.8% in 2019 by a wide margin. The S&P 500’s second worst performer was Royal Caribbean Group’s stock RCL, -6.54%, which slumped 6.6%, which puts it on track ...

Macquarie has raised its Carnival Corp. CCL, -0.70% price target to $22 from $17, citing the cruise operator’s strong fourth-quarter results last month. The company’s results “were strong across major metrics and booking strength with higher-than-expected pricing, but costs were sticky,” wrote Macquarie analyst Paul Golding, in the note. The target price raise reflects normalized FY25 operations and stable pricing, with fewer total cost headwinds and easing fuel prices, according to Golding. Carnival’s sto ...

Carnival (CCL -0.70%) (CUK -0.59%) is back in business, and its stock returned to market-beater status in 2023. It ended the year up 130%, way ahead of the S&P 500's 24% gain. All systems are go, but can Carnival do a repeat in 2024? Probably not, because the size of the rebound has already been so large. But you might want to buy the stock anyway. Let's see why this is the most important thing to know if you're thinking about buying Carnival stock.Carnival is backCarnival is the world's largest cruise oper ...

The past year saw artificial intelligence-related stocks soar and become market favorites on Wall Street. But some top consumer-oriented companies quietly delivered market-beating gains and still have bright prospects.Three Motley Fool contributors are here to offer timely picks that are poised for more gains in 2024 and beyond. Let's see why they like Carnival (CCL -0.70%), Chipotle Mexican Grill (CMG 0.38%), and Spotify Technology (SPOT -0.45%).The tide is risingJeremy Bowman (Carnival): Carnival, the wor ...

Key PointsRoyal Caribbean, Carnival and Norwegian are among 2023’s top 10 S&P 500 gainers, and also lead the consumer discretionary sector.Pent-up demand for cruising is contributing to the industry's resurgence, as are improved profit margins, efficiencies and customer experience.The Cruise Lines International Association forecasts 36 million passengers in 2024, up from 31.5 million in 2023.5 stocks we like better than Carnival Co. &Perhaps no other industry better exemplifies the “worst to first” phenomen ...