Why Carnival’s Bookings Jumped 600%, and What Analysts Think About It
Travel company Cruise Planners, a privately held franchise network, told TMZ over the weekend that bookings on Carnival Corp's (NYSE: CCL) cruise ships catapulted by 600% after the company announced it will resume sailing on Aug. 1. Additionally, the company notes bookings are 200% higher than during the same period in 2019, with people apparently hankering more strongly for ocean views after COVID-19 than before. The report did not mention specific numbers, however.
Dubbed "floating petri dishes" by some, cruise ships featured prominently in the early days of the COVID-19 pandemic. With the risk of infection high among crowded ships, it's possible that structural changes to the entire cruise industry could reveal the market to be oversupplied with cruise lines and vessels in a post-pandemic world.
Image source: Carnival Corp.
Source Fool.com
