Because of the coronavirus pandemic, the cruise line industry has taken a hit. In 2019, cruise companies generated a $3 billion profit but will lose $10 billion in 2020. Over $77 billion in global economic activity, 518,000 jobs, and $23 billion in pay were lost as a result of the industry’s demise. In 2019, the cruise line industry will contribute more than $154 billion to the global economy. Although the industry is predicted to develop slowly, businesses like Carnival Corporation & Plc and Norwegian Cruise Line Holdings Ltd. are among the finest cruise stocks to purchase right now.
Insider Monkey takes a look at the 10 best cruise stocks to buy now. TUI AG is a global tourism corporation headquartered in Hanover, Germany. Robinson, Riu, TUI Blue, and other brands are used to operate resorts and hotels. It hopes to gain from a potential surge in travel following the outbreak. On the list of the best cruise stocks to buy right now, Genting Hong Kong Limited is ranked 9th. The company has a market capitalization of $666.37 million and sales of $366.82 million in the last three months. On the list of the best cruise stocks to buy right now, Nippon Yusen Kabushiki Kaisha is ranked eighth. The firm operates on a global scale and provides a variety of services, including liner trading and air freight transportation. Lindblad Expeditions Holdings, Inc. is the seventh best cruise stock to purchase right now on the list. Dolf Berle, the company’s CEO, purchased 36,500 shares of common stock for $636,000 in May. On the list of the best cruise stocks to purchase, OneSpaWorld Holdings Limited comes in sixth. Onboard its cruise ships and in destination resorts across the world, the corporation runs health and wellness centers. Its sales for the quarter was $5.59 million, which was $1.79 million higher than expected. For more details, click 10 Best Cruise Stocks to Buy Now.
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