据统计，自7月1日至今，天津国际邮轮母港已累计接待入出境船舶近40艘次、人员约10万人次。今年以 来，天津口岸入出境游客总量已超21万，其中包括来自蒙古、美国、澳大利亚等国家的1万多名游客前 往京津冀地区旅游观光。 东疆边检站方面表示，未来将继续聚焦邮轮产业发展与港产城融合，在确保国门安全的同时，持续优化 通关服务，为邮轮经济高质量发展注入新动能。(完) （文章来源：中国新闻网） 中新网天津8月23日电 (记者周亚强)记者23日从天津东疆边检站获悉，当天，"梦想"号和"爱达·地中 海"号两艘邮轮先后靠泊天津国际邮轮母港并满员驶离，入出境旅客合计近万人，创下今年暑期以来该 口岸单日客流新高。 为应对客流高峰，东疆边检站提前制定工作方案和应急预案，通过优化勤务模式，实现旅客高效、顺 畅、安全通关。考虑到旅客中以家庭团为主、老人与儿童较多的情况，边检部门将查验区域统一设置在 邮轮母港东侧，实施分时段验放，有效缩短旅客步行距离，提升通道使用效率，整体通关时间较以往减 少约1小时。 此外，东疆边检站还在快捷通道旁加开人工通道，为未成年及指纹识别困难的老年人提供便利；设 立"特别通道"服务老弱病残孕等特殊群体，并设置"紧 ...

Core Viewpoint - Viking Holdings Ltd reported a strong second-quarter revenue increase of 18.5% year-over-year to $1.88 billion, but its shares slipped nearly 2% despite positive analyst commentary [1][2]. Group 1: Financial Performance - The company achieved a sales increase of 18.5% year-over-year, reaching $1.88 billion [1]. - Viking reaffirmed its ability to sustain mid-single-digit pricing strength across its segments [1]. - Bank of America Securities maintained a Buy rating with a target price of $70, highlighting Viking's premium positioning and superior returns [2]. Group 2: Pricing Trends - Pricing trends were mixed, with the River segment improving by 200 basis points to +6%, while the Ocean segment pricing decreased to +4% from +5% [4]. - Concerns regarding pricing stability for 2026 eased, as Viking maintained its +4% outlook and reinforced expected mid-single-digit gains [4]. Group 3: Growth Projections - Viking is positioned to expand its 2025 EBITDA by over 25%, with 2026-2027 estimates growing in the mid-teens, which is significantly higher than the expected growth for other cruise lines [5]. - The company's return on invested capital and EBITDA per APCD are nearly twice the industry average, justifying a premium valuation compared to peers [5].

Core Insights - Royal Caribbean reported $4.54 billion in revenue for Q2 2025, a year-over-year increase of 10.4% and an EPS of $4.38 compared to $3.21 a year ago, with a slight revenue miss of -0.25% against the Zacks Consensus Estimate [1] - The EPS exceeded the consensus estimate of $4.10 by +6.83% [1] Financial Performance Metrics - Available passenger cruise days (APCD) were reported at 12,942.38 days, slightly above the average estimate of 12,923.00 days [4] - Net yields were $283.56, surpassing the average estimate of $282.52 [4] - The occupancy rate reached 110.3%, exceeding the average estimate of 109.6% [4] - Passenger cruise days totaled 14,277.89 days, compared to the average estimate of 14,167.96 days [4] - Net cruise costs excluding fuel per APCD were $126.76, lower than the average estimate of $129.25 [4] - Net cruise costs per APCD were $148.34, compared to the average estimate of $151.33 [4] - The number of passengers carried was 2.25 million, below the average estimate of 2.34 million [4] - Onboard and other revenues were $1.34 billion, slightly above the average estimate of $1.33 billion, reflecting a year-over-year change of +9.5% [4] - Passenger ticket revenues were $3.2 billion, compared to the average estimate of $3.21 billion, with a year-over-year change of +10.8% [4] Stock Performance - Royal Caribbean shares returned +12.4% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - The establishment of the first international transit zone for passengers at a seaport in China, specifically at the Shekou Cruise Homeport, marks a significant development in enhancing international travel efficiency and connectivity [1] Group 1: Industry Impact - The Shekou Cruise Homeport has become the first seaport in China to offer international transit capabilities, allowing foreign travelers to bypass traditional immigration procedures [1] - This development is expected to boost the cruise tourism industry by facilitating easier access for international travelers to embark on cruises, such as the "Zhenhua Yidun" cruise ship to Vietnam [1] Group 2: Operational Details - Passengers arriving on the high-speed ferry from Hong Kong and Macau can now directly access the international transit area without the need for standard entry and exit formalities [1] - The new transit zone is anticipated to streamline the boarding process for international cruises, enhancing the overall travel experience for tourists [1]

Core Points - The Barcelona City Council signed an agreement with the port on July 17 to restructure the cruise business for sustainability [1] - The agreement includes reducing the number of existing cruise terminals at Barcelona port from 7 to 5 and implementing projects to improve passenger flow [1] - The statement acknowledges the maritime tourism industry as a significant economic sector for Barcelona while emphasizing the need for planning and management measures [1] - The agreement reinforces the joint commitment of the port and the city council to create a more orderly, efficient, and ocean-respecting maritime tourism model [1]

Core Insights - The cruise industry in Tianjin is experiencing a significant resurgence, with over 80 cruise ships and more than 150,000 passengers recorded in 2025's first half, indicating a robust recovery trend [1][2] Group 1: Cruise Operations - Tianjin's cruise port has seen a total of approximately 80 inbound and outbound cruise ships this year, with over 150,000 travelers, including nearly 10,000 foreign tourists, marking a 7% year-on-year increase [1] - The implementation of a 240-hour visa-free transit policy has allowed 13% of foreign travelers to benefit from enhanced entry convenience [1] Group 2: Passenger Traffic - The peak travel day during the May Day holiday saw over 15,000 passengers, setting a new record since the resumption of cruise operations [1] - The "Aida Mediterranean" cruise ship recently docked in Tianjin with nearly 2,000 passengers and later departed with around 2,600 passengers for a 6-day journey to South Korea and Japan [1] Group 3: Border Control and Services - The East Jiang Border Inspection Station has established a "green channel" for emergency assistance, handling over 10 urgent cases and providing one-on-one fast-track services for special needs travelers more than 20 times [2] - The station aims to continuously enhance the customs experience while ensuring national security, contributing to the high-quality development of the cruise industry [2]

Core Viewpoint - Carnival reported strong financial results for the quarter ended May 2025, with revenue and EPS exceeding expectations, indicating positive growth and operational efficiency [1][3]. Financial Performance - Revenue for the quarter was $6.33 billion, reflecting a year-over-year increase of 9.5% [1]. - EPS was reported at $0.35, a significant increase from $0.11 in the same quarter last year, representing a surprise of +45.83% against the consensus estimate of $0.24 [1]. - The reported revenue surpassed the Zacks Consensus Estimate of $6.21 billion by +1.97% [1]. Key Metrics - Available lower berth days (ALBDs) were reported at 24.2 million, slightly below the five-analyst average estimate of 24.21 million [4]. - Occupancy percentage was 104%, close to the average estimate of 104.5% [4]. - Passenger cruise days (PCDs) totaled 25.3 million, slightly above the four-analyst average estimate of 25.28 million [4]. - Fuel cost per metric ton consumed was $614, lower than the estimated $652.38 [4]. - Net yields per ALBD were $200.07, exceeding the average estimate of $195.23 [4]. - Revenues from onboard and other sources reached $2.22 billion, surpassing the average estimate of $2.18 billion, marking a year-over-year increase of +9.7% [4]. - Revenues from passenger tickets amounted to $4.10 billion, compared to the average estimate of $4.01 billion, reflecting a year-over-year increase of +9.3% [4]. Stock Performance - Carnival's shares have returned +8% over the past month, outperforming the Zacks S&P 500 composite's +3.9% change [3]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3].

Group 1 - The cruise ship "Regatta" docked at Xiamen International Cruise Center, marking its first visit to Xiamen and bringing over 620 passengers, primarily from the US and Canada, making it the largest tourist group to visit this year [1][2] - The visit coincided with the Dragon Boat Festival, where customs officials decorated the area with traditional cultural elements and provided gifts to foreign travelers, enhancing their experience [1] - The expansion of China's visa-free policies has led to an increase in foreign tourists choosing to travel to China via cruise ships, with passengers from 23 different countries disembarking from the "Regatta" [1][2] Group 2 - The Xiamen International Cruise Center is set to operate 27 cruise trips this year, originating from Xiamen to destinations such as Japan, South Korea, the Philippines, and Vietnam [2] - The local border inspection station has proactively coordinated with agents and travel agencies to ensure smooth customs processes for cruise passengers, promoting the use of visa-free policies [2]

Company Performance - Viking Holdings (VIK) reported a loss of 24 cents per share in Q1 2025, which was better than the Zacks Consensus Estimate of a loss of 26 cents per share, compared to a loss of 3 cents per share in Q1 2024 [1] - Total revenues reached $897.1 million, exceeding the Zacks Consensus Estimate by 4.49% and showing a year-over-year increase of 24.9%, driven by increased Capacity Passenger Cruise Days (PCDs) and higher revenue per PCD [1] - Adjusted EBITDA for the quarter was $72.8 million, an increase of $77.3 million from Q1 2024, attributed to the growth in capacity of PCDs and higher revenue per PCD [2] Capacity and Demand - Capacity PCDs improved by 14.9% year-over-year due to the addition of two new river vessels and a new ocean ship delivered in 2024 [2] - The company experienced a 7.1% growth in Net Yield, indicating strong demand for travel experiences among its core demographic, with 92% of capacity already booked for the 2025 season [3] Financial Health - As of March 31, 2025, VIK had $2.8 billion in cash and cash equivalents, along with an undrawn revolver facility of $375 million, while the company's net debt stood at $2.9 billion [4] - Vessel operating expenses increased by 10.2% year-over-year, with expenses excluding fuel rising by 12.2%, reflecting the growth in fleet size [3] Industry Context - Norwegian Cruise Line Holdings Ltd. (NCLH) reported Q1 2025 results that missed the Zacks Consensus Estimate, with both earnings and revenues declining year-over-year [6] - Caesars Entertainment, Inc. (CZR) had mixed results in Q1 2025, with earnings missing estimates but revenues surpassing them, showing year-over-year improvement [8]

Core Viewpoint - Norwegian Cruise Line's stock has experienced a significant decline of 33% year-to-date, contrasting with the S&P 500's minor drop of 0.6%, indicating a broader downturn in the cruise sector [1] Financial Performance - Norwegian Cruise Line reported mixed Q1 results with an adjusted EPS of $0.07, below the consensus estimate of $0.09, and revenue of $2.13 billion, slightly under the forecast of $2.15 billion. The GAAP net loss was $40.3 million [2] - The occupancy rate was 101.5%, meeting guidance but showing a year-over-year decline due to increased dry-dock activities. Despite some "softening" in forward bookings, advance ticket sales rose 2.6% year-over-year to $3.9 billion, indicating ongoing demand [2] Valuation Comparison - NCLH stock appears inexpensive relative to the broader market, with a price-to-sales (P/S) ratio of 0.8 compared to 2.8 for the S&P 500, a price-to-free cash flow (P/FCF) ratio of 3.9 against 17.6 for the S&P 500, and a price-to-earnings (P/E) ratio of 10.5 compared to 24.5 for the benchmark [4][7] Revenue Growth - Norwegian Cruise Line's revenues increased by 10.9% from $8.5 billion to $9.5 billion over the past 12 months, while quarterly revenues dipped 3% to $2.1 billion compared to $2.2 billion a year earlier [5] Profitability Metrics - The company's operating income over the last four quarters was $1.5 billion, resulting in an operating margin of 15.5%, which is higher than the S&P 500's 13.1%. The operating cash flow during this period was $2.0 billion, indicating an OCF margin of 21.6% compared to 15.7% for the S&P 500 [6] Financial Stability - Norwegian Cruise Line's balance sheet is characterized as very weak, with total debt of $13 billion against a market capitalization of $7.6 billion, leading to a poor debt-to-equity ratio of 163.6% compared to 21.5% for the S&P 500. Cash and cash equivalents amount to $185 million of $21 billion in total assets, resulting in a cash-to-assets ratio of 1.0% versus 15.0% for the S&P 500 [9][8] Downturn Resilience - NCLH stock has historically performed worse than the S&P 500 during downturns, with a decline of 69.2% from a peak of $33.71 in June 2021 to $10.38 in June 2022, compared to a 25.4% decline for the S&P 500. During the COVID-19 pandemic, the stock fell 87.0% from a high of $59.65 in January 2020 to $7.77 in March 2020, while the S&P 500 saw a decline of 33.9% [10][11] Overall Assessment - The overall assessment of Norwegian Cruise Line indicates very weak operating performance and financial condition, with growth rated as very strong, profitability as neutral, financial stability as extremely weak, and downturn resilience as extremely weak [12][14]