Cruise stocks may face trouble as demand ‘seems to be eroding’: BofA

The demand for cruise vacations may be weakening as high levels of inflation, the ongoing COVID-19 pandemic, and a slowing economy weigh on consumer purchase decisions.

Royal Caribbean, Norwegian Cruise Line, and Carnival all saw capacity-weighted sequential ticket pricing declines from May to June, according to new data from BofA Global Research. Price declines ranged from 1% to 3% compared to May, with Carnival seeing the largest drop (2.6%).

The pricing softness looks to be extending into 2023 and 2024, BofA noted, as ticket pricing for all three cruise lines fell 2.6% on average for 2024 in the latest survey.

Full story at https://finance.yahoo.com/news/cruise-stocks-may-be-in-trouble-as-demand-seems-to-be-eroding-bof-a-200745167.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS91cmw_cmN0PWomc2E9dCZ1cmw9aHR0cHMlM0ElMkYlMkZ3d3cueWFob28uY29tJTJGZmluYW5jZSUyRm5ld3MlMkZjcnVpc2Utc3RvY2tzLW1heS1iZS1pbi10cm91YmxlLWFzLWRlbWFuZC1zZWVtcy10by1iZS1lcm9kaW5nLWJvZi1hLTIwMDc0NTE2Ny5odG1sJmN0PWdhJmNkPUNBRVlBaW9UTlRrek9EYzNNalE1TXpVek16azNNRE16TnpJYU5tWmpZVEkwWW1RNE5HRTVabVZsTkRwamIyMDZaVzQ2VlZNJnVzZz1BT3ZWYXcwWk0tOWdYVzNYbVBxRFVUUUp6T1Ji&guce_referrer_sig=AQAAAJd_4bjQoxwN59DDgxNZf6IFfFrLDKRZmMRSV9L_dC0rUxWDioeZf6dgAVrIKhXipow_-VYfut6yquUQdGwswWCNfwsGKzrWn-mLNq2Kbl0vE8BB9jeGQSZqxxdjDt1LZZMejDoxMA7-Eo8mZLnK-jpIOqzuHnoZ4VGFf5WDEa0L