The industry faced hurdles in the past three years due to a record-high inflation and interest rate and an extremely tight monetary control adopted by the Fed. Wall Street market participants have turned optimistic about interest rate cuts by the Fed following the recently released soft economic readings. According to the Cruise Lines International Association (CLIA), the number of passengers embarking on cruises is projected to reach 35.7 million in 2024, suggesting an increase from 31.5 million in 2023. O ...