Why the End of "Revenge Travel" Might Not Hurt Carnival Corp's Business in 2024
The "revenge travel" trend, which involves going on vacations that were postponed as a result of the pandemic, appears to be coming to an end, according to travel data. That means there could be a slow down in discretionary travel next year. And that's one reason why investors may be feeling less bullish about Carnival Corp (NYSE: CCL) these days. The travel stock has been struggling of late -- it's down 24% in the past three months.
But here's why I wouldn't worry about the cruise line operator, even if there is a slow down in leisure travel.
The target market for cruise ships isn't the same as it would be for an airline. People who go on cruises are generally older, and that can mean more disposable income. According to industry statistics, the average age of a cruise tourist is 46.5 years. And one-third of demand comes from people who are 60 and older.
Source Fool.com
travel BV ADR Stock
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the travel BV ADR stock is not clear.
With a target price of 3 € there is potential for a 439.57% increase which would mean more than doubling the current price of 0.56 € for travel BV ADR.
