One of the three leading cruise line stocks is standing out again in 2024. Royal Caribbean Cruises (NYSE: RCL) stock is not just beating the market again by trading 21% higher year to date. It's the only one delivering a positive gain, as rivals Carnival Corp. and Norwegian Cruise Line are currently trading lower than they were at the start of the year.

Royal Caribbean also led the way last year, soaring 162% in a year that found all three stocks coasting well ahead of Wall Street averages. Can Royal Caribbean double again in 2024? It may seem like a tall order for a stock that is only a fifth of the way to repeating the feat at the halfway point of the year, but the ocean waters could be more inviting than the market thinks at this point. Let's go over three reasons why the cruise line operator's stock can double again this year.

There are plenty of reasons why Royal Caribbean continues to be the class act among the three leading operators of ocean liners. It has historically commanded higher margins and stronger revenue growth than its rivals. This was true before the pandemic, and it continues to be the case after the crisis that temporarily shut sailings down four years ago.

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Source Fool.com