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.
Princess Cruises ship hit with norovirus, CDC says The Centers for Disease Control and Prevention reports that 172 on a Princess Cruises Ship have become sick from norovirus. The voyage dates are October 18-November 16. Princess Cruises is a brand of Carnival. Reference Link