Cruise Stocks News: Why are CCL, RCL and NCLH stocks up today?

Cruise stocks are in focus today following a report that Carnival (NYSE:CCA) recorded its busiest booking week ever, from March 28 to April 3. A number of popular cruise lines are on the rise following the announcement. However, that’s not the only news from cruise lines recently.


So what do you need to know about cruise lines today?

Well, according to Carnival, the week of March 28 broke previous booking records. The company apparently saw a double-digit increase from the previous record booking total of seven days. As such, Carnival and a number of its cruise competitors are aware of the news.

Today’s news clearly did not fall on deaf ears. Royal Caribbean (NYSE:RLC) and Norwegian (NYSE:NCLH) are each up between 3% and 5% today at the time of writing. The big winner today, however, perhaps predictably, is Carnival, which is up nearly 7% this morning.

What else is going on with cruise lines lately?

Cruise stocks soar on good outlook

The Carnival news comes on top of a major Royal Caribbean development. Royal recently offered an update on its upcoming premium cruise ship, Icon of the Seas. The vessel recently underwent its keel laying ceremony, marking the start of its construction.

Michael Bayley, Managing Director of Royal Caribbean, had encouraging words for the ceremony. “As this game-changing ship takes shape, the excitement of families and travellers, travel advisors and our partners continues to grow. Later this year, we will unveil the list of first and favorites that will set a new standard for the holidays in the fall of 2023,” he noted.

Icon’s development is particularly exciting for the cruise line as it will be the first of three Royal Caribbean ships to run on liquefied natural gas, the most environmentally friendly fossil fuel available to cruise ships. According to Royal, the ship is expected to debut in the fall of 2023.

Today’s news is a refreshing change of pace for once struggling deep sea operators. In fact, Carnival recently reported that 22 of its total 23 cruise ships are back in full operation. It expects its last ship to return to service in May, with new ships expected to launch later this year and in 2023. According to Carnival, by the end of the year the cruise line will have greater navigation capability than its pre-pandemic counterpart.

As of the date of publication, Shrey Dua did not hold (either directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to publishing guidelines.