BA Perspectives: Q3 2024 Earnings Report Highlights – Bermello Ajamil & Partners
Based on the latest earnings reports of the leading public cruise corporations—Carnival Corporation, Royal Caribbean Group (RCG), and Norwegian Cruise Line Holdings (NCLH) —the cruise industry is thriving, evidenced by strong financial performance, robust pricing, increased onboard spending, and incremental capacity additions.
At the heart of these impressive metrics is a remarkable surge in demand. Several key factors are driving this high demand, as highlighted in this edition of BAPerspectives.
Each company confirmed that the demand for cruising today is no longer attributed to pent-up interest from the pandemic but rather reflects a sustained and growing enthusiasm for cruise vacations.
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