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The industry is expected to see a huge surge in bookings in 2022 and beyond. This is evidenced by Oceania’s world cruise for 2023, which was sold out within one day of opening for sale to the public. Also, river cruise operator Uniworld saw a 425% year-over-year increase in bookings to exotic destinations. According to a report by Cruise Industry News, there has been a fifteenfold year-over-year increase in ships that will be operating commercially this month.
Given this backdrop, we think it could be worth adding cruise stocks Carnival Corporation & plc (CCL) and Norwegian Cruise Line Holdings Ltd . (NYSE:NCLH) to ones watchlist. Wall Street analysts expect them to rally by more than 55% in price in the near term.
