Can Investors Trust Cruise Line Stocks In 2022?
This was finally the year that cruise lines began sailing en masse again, but the journey has been more Gilligan's Island than Love Boat. The three cruise stocks that held up surprisingly well in 2020 -- Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) -- have largely sputtered in 2021. The New Year is also already starting on the wrong foot with a new sea storm moving in as fresh COVID-19 case counts hit all-time highs.
The U.S. Centers for Disease Control and Prevention (CDC) issued a new warning on Thursday, urging even fully vaccinated people to avoid cruise travel. The agency's updated travel health notice points out that the COVID-19 virus spreads easily among folks in close quarters on cruise ships. The chances of catching the problematic virus are "very high" on ships, even for passengers who have completed the initial vaccination process along with additional booster shots.
It's not a very bon voyage. The hardest hit of the travel industries was hoping to end the year with an exclamation point. Instead we find ourselves heading into 2022 with another question mark.
Source Fool.com
