How Are Cruise Line Stocks Doing?

At mid-year, three major cruise companies – Carnival, Royal Caribbean Group, and Norwegian Cruise Line Holdings – were among the top 10 stocks in the SP 500. The cruise industry is expected to see increased demand in 2024, with some top cruise lines posting record numbers. These cruise stocks offer unique experiences that drive customer loyalty. Carnival Corp., Norwegian Cruise Line Holdings, and Royal Caribbean lead in terms of best value, fastest growth, and best performance, respectively.

Cruise stocks have been experiencing a downturn for four consecutive days, with many cruise stocks outpacing the stock market and rewarding investors in 2023. Travel growth has helped cruise lines hit revenue records, and the industry’s outlook for 2024 is promising. All three cruise line companies added a new share to their portfolios.

As April comes to an end, cruise line stocks are among the most active today, with Carnival Corp. (CCL -0.41%) and Royal Caribbean Cruises (RCL 0.38%) continuing to trend. Carnival was the top-performing large company in the U.S. during 2023’s second quarter, with a nearly 70% gain for its shares. Royal Caribbean shares have already surpassed where they traded before the pandemic hit, with Carnival gaining 8% last week and Royal Caribbean up 4%.

The U.S. market as a whole has seen a significant drop in most cruise line stocks, with Carnival falling by 4.3%, Norwegian by 6.4%, and Royal Caribbean by 6.0%.