Recent cruise trends have improved, says Citigroup Citigroup believes bookings for the publicly traded cruiselines are up mid double digits with pricing down 7%-9% over the past seven days, compared to year-to-date bookings and pricing down mid-single digit. Citi attributes the recent booking strength to discounts on close-in Caribbean bookings and easy comparisons. The firm believes believe Royal Caribbean (RCL) is likely to achieve or exceed the upper end of its 2014 guidance and views the stock as the most compelling long idea in the space. Citi also thinks Carnival (CCL) and Norwegian Cruise Line (NCL) are likely to achieve their 2014 net yield guidance.
Carnival expands its Wi-Fi network for ships Carnival announced that it has expanded its innovative hybrid connectivity system to create the cruise industry's largest Wi-Fi network. With over 31 advanced satellite systems, the company's expanded WiFi@Sea connectivity network features the broadest high-bandwidth internet coverage in the industry currently deployed on 30 of its 100 ships with further deployment planned over the next several months.