U.S. Stock Market Movement | Cruise and airline stocks rise, Royal Caribbean Cruises up more than 9%
US cruise and airline stocks rise, as of press time, Royal Caribbean Cruises surged over 9%
According to the Wise Finance APP, on Tuesday, US cruise and airline stocks rose. As of the time of publication, Delta Air Lines (DAL.US) rose by over 2%, American Airlines (AAL.US) rose by over 2.4%, United Airlines (UAL.US) rose by over 4%, Royal Caribbean Cruises (RCL.US) rose by over 9%, Norwegian Cruise Line Holdings (NCLH.US) rose by over 3%, and Carnival Corporation (CCL.US) rose by nearly 4%.
On the news front, recent industry reports released by international institutions indicate a stable recovery trend in the global cruise industry. The latest data released by the Cruise Lines International Association shows that the global cruise passenger volume is expected to reach 31.7 million in 2023, a 7% increase from 2019. The entire industry is expected to continue its growth trend in 2024, with passenger volume projected to increase to 35.7 million, a nearly 13% year-on-year growth. Research from the data tracking website Statista indicates that the global cruise industry revenue is expected to exceed $30 billion in 2024, with an annual revenue growth rate of over 5% from 2024 to 2028.
Additionally, statistics show that the overall debt levels of the three major global cruise groups - Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Holdings - decreased by 7% last year. Royal Caribbean is expected to see a 5.5% growth in revenue in 2024 compared to 2019