Tuesday is looking like a good day to own cruise line stocks, with shares of Royal Caribbean (NYSE: RCL) rising 2.7% through 10:20 a.m. ET, Norwegian Cruise Line Holdings (NYSE: NCLH) up 3.5%, and industry leader Carnival Corporation (NYSE: CCL) leading the industry higher today as well -- up 3.9%. Investors in the travel and tourism industry in the U.S. can look forward to 4% average annual growth over the next decade, according to a new report from the World Travel and Tourism Council (WTTC).
Carnival CEO Arnold Donald chats with Yahoo Finance Live about the outlook for summer travel in an inflationary environment.
At this time, I would like to welcome everyone to Royal Caribbean Group's business update and first quarter 2022 earnings call. Joining me here in Miami are Jason Liberty, our chief executive officer; Naftali Holtz, our chief financial officer; and Michael Bayley, president and CEO of Royal Caribbean International.