Carnival, Royal Caribbean, and NCL Shouldn't Worry About Disney's New Ships
Disney (NYSE: DIS) made a lot of head-turning announcements at its D23 fan expo over the weekend. From unveiling upcoming movie trailers to introducing a deluge of new theme park attractions, Disney is making a ton of headlines. One of the D23 nuggets is that Disney plans to add three new cruise ships in the coming years, increasing its fleet to seven boats.
The family-friendly media giant had previously announced that it would begin sailing on new ships in 2021 and 2023. Over the weekend, Disney revealed that the same shipyard working on the two vessels will also deliver a third ship that will set sail come 2022.
Disney's growing ambition on the high seas is something that will naturally attract the attention of larger cruise lines Carnival Corporation & plc (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line (NASDAQ: NCLH). Increasing capacity is typically a problem in any transportation industry, but it's just not the case in this particular situation.
Source: Fool.com
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