The cruise industry is benefiting from strong demand and increased booking volumes. Solid bookings concerning North American and European sailings are driving the space. Also, strong pricing (on closer-indemand) and solid onboard spending bode well for the industry. At this stage, it will be prudent to invest in cruise line operators with a favorable Zacks Rank. A few such operators have strong upside left. Three among them are Royal Caribbean Cruises Ltd. (RCL) , Carnival Corp. & plc (CCL) and Norwegian Cr ...

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Royal Caribbean Group (RCL) has been seeing strong demand for cruises in 2024. This Zacks Rank #1 (Strong Buy) recently raised full year earnings guidance. Royal Caribbean operates a global fleet of 68 cruise ships across five brands. Its ships travel to approximately 1,000 destinations, serving millions of guests each year. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea. The company also owns 50% of a joint venture which operates TUI Cruises and Hapag-Lloyd Cruises. Anoth ...

Royal Caribbean Cruises Ltd. (RCL) , a Miami-based cruise company, has rallied 29.7% in the past six months compared with the Zacks Leisure and Recreation Services industry, Zacks Consumer Discretionary sector and the S&P 500 Index. During the same time frame, the S&P 500 Index rose 10.3%, while the industry and the sector moved down 0.3% and 2.9%, respectively. Image Source: Zacks Investment Research Price Performance RCL's prospects are benefiting from demand strength across its diversified fleet offering ...

MIAMI, Aug. 20, 2024 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL) (the "Company") today announced the completion of its previously announced privately negotiated exchange transactions (the "Exchange Transactions") with a limited number of holders (the "Holders") of its 6.000% Convertible Senior Notes due 2025 (the "2025 Notes"). In the Exchange Transactions, the Holders exchanged approximately $827 million in aggregate principal amount of the 2025 Notes for an aggregate of approximately 11.4 mil ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Royal Caribbean (RCL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Royal Caribbean currently has an av ...

KenWiedemann/iStock Unreleased via Getty Images Introduction Royal Caribbean Cruises (NYSE:RCL) has sailed through turbulent waters over the past few years, facing the suspension of almost all operations during the Covid-19 pandemic. However, the global cruise industry has experienced a resurgence in demand, which only looks set to continue. Royal Caribbean, as one of the largest players in the market, looks set to benefit significantly from this renewed demand. With significantly lower debt levels than its ...

MIAMI, Aug. 12, 2024 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL) (the "Company") today announced that it has completed its private offering of $2.0 billion aggregate principal amount of 6.000% Senior Notes due 2033 (the "Notes"). The Notes will mature on February 1, 2033, unless earlier redeemed or repurchased. The Company intends to use the proceeds from the sale of the Notes, together with borrowings under the Company's revolving credit facilities, to redeem (i) all of its outstanding 9.250% ...

Key Takeaways Royal Caribbean Cruises was identified as "best in class" among cruise operators by JPMorgan analysts in a research report Tuesday. The analysts added Royal Caribbean to its Analysts Focus List. JPMorgan noted that Royal Caribbean has said passengers are willing to pay more to travel with the cruise line. Shares of Royal Caribbean Cruises (RCL) jumped Tuesday after JPMorgan analysts labeled it "best in class" among the cruise lines. JPM added Royal Caribbean to its Analyst Focus List as a grow ...

Cruise ship operator Royal Caribbean (NYSE:RCL) is seeing its value pop sharply higher on Tuesday as the broader market recovers from Monday's severe selloff. Indeed, RCL stock is gaining more than 9% as of this writing. Contributing to the elevated mood is a debt management deal. Royal Caribbean news has also been riding consumer strength in the underlying sector. First, the company issued a press release noting that it entered into exchange agreements with certain holders of its outstanding 6% convertible ...