Tag: Investment strategy
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Possible Viking IPO is latest sign cruise industry is a good bet for investors, according to analyst. How to play it
[ad_1] With Covid-19 disruptions in the rearview mirror and the cruise industry back on track, another cruise line has taken a step towards possibly going public. Viking Holdings said last week it submitted a draft registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering. The move comes at…
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Travel giant TUI smashes earnings expectations as investors decide on London exit
[ad_1] Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain. Clara Margais | Getty Images German travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying expectations on the back of upbeat travel demand. The swing to profit…
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Expedia shares plunge on weak air travel bookings and news the CEO is stepping down
[ad_1] Expedia shares sank 19% on Friday after the company saw softness in air travel bookings and its CEO resigned. CNBC’s Jim Cramer said the magnitude of the stock decline may be an overreaction. While delivering an earnings-per-share beat and in-line revenue in the fourth quarter, bookings fell short, “largely driven by a reduction in…
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Wall Street is bullish on Royal Caribbean’s new ‘record-busting spectacle’ of a ship
[ad_1] There’s another reason to be bullish on Royal Caribbean , according to several Wall Street analysts. The cruise line held an investor meeting on its newest mega ship, Icon of the Seas, over the weekend and the reaction was positive. The vessel officially debuts Jan. 27. Morgan Stanley analyst Jamie Rollo called Icon of…
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Travel brands like Expedia and Booking are good buys right now, says Cleo’s Sarah Kunst
[ad_1] Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. [ad_2] Source link
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Wall Street still bullish on cruise stocks as demand shows no sign of slowing
[ad_1] Cruise stocks have had a stand-out year thanks to the post-pandemic demand surge the industry has been enjoying. That demand is expected to continue in 2024. Some 35.7 million passengers are expected to take a cruise next year, up from 31.5 million in 2023 and 6% higher than 2019, according to the Cruise Lines…
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The signs are pointing to a banner travel year in 2024
[ad_1] American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S., November 21, 2023. Shannon Stapleton | Reuters Airlines expect record traveler numbers and revenues in 2024 but will continue to be constrained by the high cost of capital and limited capacity, the International Air…
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Jefferies’ Sheila Kahyaoglu talks top airline picks into 2024
[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Sheila Kahyaoglu, Jefferies analyst, joins ‘Closing Bell Overtime’ to talk her top airline stocks into year-end. 03:49 an hour ago [ad_2] Source link
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A new ranking shows the best luxury hotel brands in the world
[ad_1] There are rankings of the best hotels in the world. But a new list, released by the members-only group LTI – Luxury Travel Intelligence, ranks hotel brands rather than individual properties. The ranking analyzes many hotels within a brand in “granular detail,” using more than 100 “touch points” to evaluate “a brand’s ability to…
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Some people buy a car during a midlife crisis. This man bought a small-town hotel instead
[ad_1] For the past two years, property developer Matt Rogatz made a weekly five-hour round trip from his home in northern Chicago to Green Lake, Wisconsin — population 1,005. Before that, the only thing he knew about the small town was that his high school buddy had family there, he said. But after a 30-year…