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 rivals, it looks best placed to ride higher. Despite the share falling over 80% at the onset of the pandemic, the shares have now surpassed their pre-pandemic high. With the outlook bright, here’s why I believe it is time for investors to climb aboard.
Royal Caribbean Cruises: Riding The Waves Higher As Demand Soars (NYSE:RCL) (2024)
