Royal Caribbean Cruises in 4 Charts
One of the bigger battleground sectors in the COVID-19 era are travel stocks, particularly cruise stocks.
Cruising is one of the more cost-efficient ways to see the world, As the world economy emerged from the Great Recession of 2008 with a new focus on experiences over possessions, cruising has been a popular choice for many. Add in the baby boomer generation hitting retirement, and cruising seemed like an industry set for multi-year growth through the 2020s.
That is, until COVID-19 swept across the world. According to the Miami Herald, since the outbreak began, 63 total cruise ships have been affected, with 3,101 cases coming from cruise ships, resulting in 82 deaths.
Source Fool.com
