Latest news with #NorwegianCruiseLines
Yahoo
5 days ago
- Business
- Yahoo
Analysts reboot Carnival, Norwegian Cruise Lines stock price targets on strong value
Analysts reboot Carnival, Norwegian Cruise Lines stock price targets on strong value originally appeared on TheStreet. All ashore who's going ashore! The travel industry has been on the upswing since the dark days of the Covid-19 pandemic and that trend seems poised to continue. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 A recent Deloitte survey found that more travelers planned to raise their holiday travel budgets from the prior-year level. And among those, 40% said they would do so because 'travel has become more important to me since the pandemic.' The report said affordability was often the biggest barrier to travel, noting that "either a hit to consumer confidence or persistent high prices could challenge travel demand in the coming year." About one in five Americans surveyed said they had opted out of a trip they wanted to take due to the high cost of flights or lodging, Deloitte said. The report also warned of the Trump administration's tariffs and deportations of undocumented workers, which could result in staffing shortages. The cruise industry has been growing steadily, according to Cruise Lines International Association's state-of-the-industry report, which was issued in May. Cruise is small but 'dynamic' part of tourism sector Bud Darr, the association's president and CEO, said in a statement that cruising "continues to be one of the most dynamic and resilient sectors in tourism, growing in line with strong demand for cruise holidays, particularly among younger generations and new-to-cruise travelers." Cruise travel earns higher satisfaction ratings compared with other holiday choices, the report said. That's shown in repeat factors – 25% of repeat cruisers sail two or more times per year; 14% cruise twice a year; and 11% take three to five cruises a year. More Economic Analysis: GOP plan to remove Fed Chair Powell escalates Federal Reserve official gives green light to July rate cut Trump deflects reports on firing Fed Chair Powell 'soon' Former Federal Reserve official sends bold message on 'regime change' Expedition and exploration cruises are the fastest-growing segments of cruise, with 22% more passengers choosing these voyages in 2024 over 2023. Forty-two million people — roughly the population of France — are forecast to sail in 2028, up 21% from 34.6 million last year. And the report said cruising has plenty of room for growth, since it is currently only 2.7% of the international travel and tourism sector. Several investment firms have been reviewing the cruise industry and issued research reports on some of the top companies. TD Cowen initiated coverage of both Carnival () with a buy rating and $36 price target and Norwegian Cruise Line () , which got a buy rating and $31 target. Carnival shares are up 20% this year and up 62% from a year ago, while Norwegian stock has slipped nearly 10% in 2025 and are up 18% from a year ago. Analyst calls cruise lines underappreciated The investment firm also initiated coverage of Royal Caribbean () with a buy rating and $405 price target. The company's shares are up 51% this year and have more than doubled (up 107%) from a year ago. TD Cowen's analysts called the cruise lines "underappreciated" share gainers in the travel space, according to The Fly. The cruise names offer a strong value proposition, which will drive long-term share gains, the firm said. TD estimates annual revenue growth of 7% for the industry through 2029. It views Carnival as an industry leader with an opportunity to widen profit margins. Citi raised its price target on Carnival to $37 from $30 and affirmed a buy rating on the shares. It lifted its target on Norwegian to $30 from $25 and maintained a buy rating. The investment firm says "better-than-ever" demand and lower-than-historical supply growth are setting up a favorable pricing environment that could last much longer than investors expect. Citi says recent data show improving trends in May through July. The firm replaced Royal Caribbean with Carnival on its Focus analyst C. Patrick Scholes downgraded Royal Caribbean to hold from buy with a price target of $337, up from $275. Scholes said that he has observed a bounce-back in bookings since April's pullback. But when he averages March-through-early-July's bookings compared with a year earlier, the demand pace is up only low-to-mid-single digits percent, off from the high-teens monthly pace that 2024 averaged, the analyst said. Norwegian Cruise Line is scheduled to report second-quarter results July 31, while Royal Caribbean is slated to report July 29. For the fiscal first half ended May 31, Carnival swung to net income of 37 cents a share from a loss of a dime a share in the year-earlier half. Revenue rose 8.5% to $12.14 reboot Carnival, Norwegian Cruise Lines stock price targets on strong value first appeared on TheStreet on Jul 22, 2025 This story was originally reported by TheStreet on Jul 22, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Boston Globe
6 days ago
- Boston Globe
Summer is here. The international tourists are not. Why the US is losing billions in visitor revenue.
Advertisement Predictions about tourism losses in the United States began shortly after Trump took office. But now that we've arrived in the thick of summer, a time when international tourism should be hitting its peak, those predictions have become reality. Airlines are Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up The losses are hitting the travel industry across the board with ever-changing volatility, said Dulani Porter, an executive vice president with Spark, an agency that works with travel brands such as Visit Fort Lauderdale, Norwegian Cruise Lines, and Hilton Hotels & Resorts. Visitors walk along an uncrowded Hollywood Walk of Fame on May 28, in Los Angeles. Justin Sullivan/Getty 'It's all sectors,' she said. 'Domestic travel has remained consistent, but the international travelers are not coming to the US this year. It's off 20 percent in some markets. The biggest declines have been from Canadian and Mexican travelers. Western Europeans are also going elsewhere.' Advertisement New research published last week from 'Factors contributing to the negative outlook include Trump administration posturing and policy announcements, such as 'Liberation Day' tariffs across long-standing trade partners,' Aran Ryan, director of industry studies, concluded. 'Media coverage of border security incidents and national travel advisories also pose risks.' Multiple countries have issued travel advisories in recent months. Australia updated its advisory last month, citing gun violence and unpredictable immigration enforcement in the United States. Germany, France, Denmark, and Finland all issued warnings about new US gender policies that may affect travelers who use nonbinary identifiers in their passports. The UK's Foreign Office is warning travelers to the United States that minor entry mistakes could lead to detention or deportation. Old Orchard Beach in Maine was quiet the weekend before the Fourth of July. The author didn't see a single Quebec license plate during his visit, which is highly unusual in the summer. Christopher Muther A Canadian actor on a work visa was detained at the Tijuana border for 12 days before being sent home, according to Musicians have also been canceling US tours. Bells Larsen, a transgender singer-songwriter based in Montreal, Advertisement 'The current political climate in the US, especially in regard to immigration and freedom of speech, is very worrisome,' the band wrote in a message The White House has dismissed the advisories. At In addition to the warnings, fees to enter the country for international visitors are rising. The Electronic System for Travel Authorization fee is rising from $21 to $40. The 'These fees are not reinvested in improving the travel experience and do nothing but discourage visitation at a time when foreign travelers are already concerned about the welcome experience and high prices,' Geoff Freeman, president of the US Travel Association, said in a All of these factors have made the United States a less appealing place for international tourists to spend their vacation dollars. Advertisement The travel industry publication A man walks past Delusions of Grandeur furniture shop in Ottawa in April. Signs that once announced sales are replaced with an anti-American sentiment that has not waned. Christopher Muther/Globe Staff New Englanders don't need an industry survey to see that those numbers are down. A quick drive through Old Orchard Beach, where French becomes the unofficial second language each summer, shows a distinct lack of license plates from Quebec in hotel parking lots. Wright, of Jay Peak, said he spent two weeks calling nearly 100 long-time Canadian customers who purchased season passes last year but haven't yet this year. 'They cite the present administration's flagrant disrespect of Canadian independence as not only a challenge to Canadian sovereignty, but to their own identity, and they feel the need to respond,' Wright said. The World Travel and Tourism Council estimates the loss of international tourism to the US economy at $12.5 billion. 'This is a wake-up call for the US government,' said Julia Simpson, president and CEO of the council. 'The world's biggest travel and tourism economy is heading in the wrong direction. . . . While other nations are rolling out the welcome mat, the US government is putting up the 'closed' sign.' Simpson's assessment may sound dramatic, but at a time when tourism is dropping, the government has slashed funding to market the country as a tourism destination. Part of Trump's Advertisement A Brand USA representative said that despite the cuts, the organization is proceeding with an America the Beautiful campaign slated to begin next month. 'We're trying to do all we can,' said Chris Heywood, chief communications officer for Brand USA. 'Despite our budget restrictions and limitations, we're putting all our chips on the table and still trying to deliver.' He's also optimistic that 2026 will be a stronger year for tourism, with events such as l ( But in the interim, the losses are piling up. The latest No matter what the financial loss, perhaps the largest hit is to the goodwill tourists feel toward the United States. In Perth, Nigel Goodman said he will 'not step foot in the US until the current administration is gone.' In New Brunswick, Adam MacDonald said he will not be visiting relatives in Massachusetts this summer. In Spain, Maria García is not comfortable with the thought of a US vacation. Advertisement 'I know the risks are low,' she said earlier this month at a rooftop bar in Madrid. 'But vacation shouldn't come with any risks at all.' Christopher Muther can be reached at
Fox News
03-07-2025
- Fox News
American cruise ship passenger disappears after hiking at summer vacation destination
Alaska authorities are searching for a missing tourist after she failed to return to her cruise ship following a morning hike in the capital city earlier this week, officials said. Authorities received a report Tuesday afternoon regarding a 62-year-old woman from Kentucky who had not returned to the Norwegian Bliss before its departure time, according to the Juneau Police Department. The woman's relatives told police that she had left for a hike that morning and had plans to take a popular tourist tram partially up a mountain overlooking downtown Juneau before walking to Gastineau Peak and Gold Ridge, according to the state Department of Public Safety. Ground and aerial searches were conducted shortly after the woman's disappearance on Tuesday, with ground searches resuming Wednesday, according to the department. Due to rainy weather and poor visibility, aircraft searches did not return to the area the following day. The local peaks are still experiencing areas of snow in July. The popular cruise ship destination's tram service is attractive to tourists due to its proximity to the downtown area. The Juneau Police Department and Norwegian Cruise Lines did not immediately respond to Fox News Digital's request for comment. Authorities have not released the identity of the missing passenger.
Forbes
25-06-2025
- Business
- Forbes
Would You Buy A Luxury Residence To Live On A Cruise Ship For Life?
The passenger cruise ship Seven Seas Navigator arrives at the French Mediterranean port of ... More Marseille. In 2026, the Navigator will be refitted as a luxury residence, with 210 cabins and suites for sale. (Photo by Gerard Bottino/SOPA Images/LightRocket via Getty Images) What's your dream second home? Or, for that matter, primary residence? Crescent Seas is betting that for 210 people, their dream getaway place will be on a cruise ship sailing the seven seas. The cruise ship Seven Seas Navigator will depart the Regent Seven Seas Cruises fleet (a division of Norwegian Cruise Lines) in late 2026, to be refitted and modernized as a luxury 'condo at sea.' The Navigator, which currently accommodates 490 guests in 255 cabins, will be redesigned and remodeled with 210 high-end residences. The residences start with 98 371-square-foot efficiencies, selling for between $1.25 million and $1.5 million. The other units are all suites, with 12 different designs, priced by square footage. The largest unit will be approximately 2000 square feet with a 600 square foot balcony. The largest units will sell for between $5 million to $8.5 million, according to CEO Russell Galbut, or around $3400 per square foot. He says, 'True luxury is obtainable. It's like having 210 private yachts within a 550-foot ship.' Like condominiums or coops with a homeowners association fee (HOA) the residences on the updated Navigator will have a maintenance or cost of operations fee. Galbut says the fee will start at around $20,000 per month for smaller units. Owners can rent their suites for up to six months. An artist's rendering of the pickleball court and sauna deck on the upcoming residence at sea on ... More board the renovated luxury residence Navigator. 'We picked this ship because it had physical common space, lots of it, for restaurants, a work center, a conference center, a huge spa, a library, and storage for stuff like scuba diving gear and bicycles to explore destinations. 'Our customers are people who want to discover the world. The ship will stay three days in port, not just for an afternoon. We have laid out itineraries for the next couple of years. Our residents can take their families around the world and successfully home school their children anywhere in the world via satellite communication.' Galbut says the Navigator will be the first of three 'residential ships.' He did not disclose the purchase price, but it has been reported that Crescent Seas acquired Seven Seas Navigator as part of a $230 million deal with Norwegian Cruise Lines.. Crescent Seas recently bought a second ship, the Insignia, which it will acquire in 2027. The third ship, a custom-built vessel, is pegged for 2028. The idea of a residence at sea is not new. The World by Villa Vie Residences has been sailing for 25 years, You can buy a 'villa at sea' and live aboard, or get a short-term rental. An artist's conception of a residence on the upcoming Crescent Seas Navigator residential luxury ... More cruise ship. More recently, I wrote about the Ulyssia, a brand-new ship being built from the ground up as a residence. Galbut says 'Ulyssia is really wonderful, but they don't have a residence under $10 million. Ulyssia has units that are $100 million.' How many people can afford a multimillion dollar second or third home aboard a cruise ship? Perhaps more than you would think. As of 2022, there were 264,000 people in the world with assets of over $50 million, more than half of whom in the U.S. Having built over 300 residential buildings, Mr. Galbut understands this market well. Born and raised in Miami Beach, he says, 'I started building condominiums in Miami in 1975, building homes in the sky. Back then, it took four days to get plans approved—today it would take a year.' He founded Crescent Heights in 1989, with Crescent Seas a recent off-shoot. He says, 'We have a huge organization and a deep bench.' Galbut, 72, has both a law degree and is a certified accountant. He has spent most of his life as a real estate developer. Why switch to the cruise industry now, rather than retire and enjoy the good life? Galbut says, 'I want to spend my time making people happy. What drives me is quality hard work, which I enjoy. So, a new company and a new industry.' Artist's conception of the upcoming billiards room on the Navigator, which is becoming a luxury ... More residential cruise ship. The developer is continuing to work in real estate. I met him at an event promoting both Crescent Seas and Five Park, a new luxury condominium tower. Five Park is said to be the tallest tower in South Beach Miami and the first new one delivered in the last ten years. Co-developed by Russell Galbut and David Martin's Terra Group, Five Park shows off Galbut's penchant for public spaces, such as a co-working space and an on-site members-only social club, The Canopy Club, designed by Anda Andrei. Galbut says, 'We spend on architecture and design We even have our own art curator. The idea behind the designed spaces is to make people feel a part of a community.' Galbut has been involved in the cruise industry for many years, as both a customer and a board member of a major cruise line. 'My wife and I have been cruising for 47 years. We really enjoy it. I was a customer, than an investor. I made an investment in Oceania, which was later bought by Prestige. (Oceania is now a brand of NCL.) When NCL bought Prestige, they asked me to be on the board. For 23 years I was on the board of NCL and was Chairman of the Board for six years.' When the Navigator leaves NCL next year, Crescent Seas will wet lease the ship after it is renovated, with NCL providing the officers and crew, and updating the ship's electronic systems such as radar, navigation, etc. And as Galbut notes, 'Who gets better pricing for fuel than a big cruise line like NCL?' The Apollo Group, a leader in global cruise management and hospitality, will provide food and beverage service. The Canopy Club at Five Park, a new residence in Miami Beach co-developed by Russell Galbut, who is ... More also the principal of Crescent Seas, the operator of luxury residences at sea. In the cruise industry, most of the buzz is about the newest, biggest ships, such as Royal Caribbeans Icon of the Seas, launched in 2024 with a capacity of 7600 passengers and 2350 crew. But as Galbut puts it, 'I don't want to be on a ship with 10,000 people. I want to be on a ship like the Navigator.' Still, the Navigator, built on the hull of a Russian research vessel, originally entered service in 1999, making it one of the oldest in NCL's fleet. These ships have plenty of life left in them, says Galbut 'These ships have great bones. Their made out of many tons of steel. As long as they're maintained, they're fantastic. It's no different than converting an office building that's a hundred years old into a condominium.' But for now, it sounds like Galbut can't wait to get his hands on the Navigator. 'Right now the ship is being used by Regent Seven Seas. In October the last passenger gets off in Cairo. It sails to Genoa for 54 days in dry dock, where 300 people will be working for Crescent Seas, breaking down the ship. Then it sails for Miami in December for the premiere. The finishing crew and the regular crew will be on board. Every suite, every bathroom gets redone, new electric, wall paper, furniture. We expect to be over 50% sold by the end of 2025.' Artist's conception of the Compass Rose dining room aboard the Navigator, a luxury residence at sea ... More slated to sail starting in 2026.
Miami Herald
24-02-2025
- Business
- Miami Herald
Looking for work? Hundreds of employers want to fill roles at South Florida job fair
If you're a South Florida resident looking for a job, you're in luck. On Wednesday, Feb. 26, more than 100 employers across South Florida will be at Sunrise's Amerant Bank Arena for the Mega Job Fair event. Companies such as Norwegian Cruise Lines and New York Life Insurance will be in attendance to hire for thousands of local jobs. The job fair will be from 10 a.m. to 2 p.m. Jobseekers are recommended to arrive before 10 a.m. Job fair attendees can register for free online or at the event.
