Cruise line stocks surged on Thursday along with the market which went up on better-than-expected inflation reports.
Carnival Corporation saw its shares soar 14.3 per cent, closing at $9.78, compared to a 52-week low-high of $6.11 to $23.86.
Royal Caribbean saw a 9.9 per cent rise to $57.72 from a 52-week range from $31.09 to $90.55.
Norwegian Cruise Line Holdings rose 8.2 per cent to $17.09, compared to a 52-week low-high of $10.31 to $27.05
Lindblad Expeditions rose 6.5 per cent to $10.55 compared to a 52-week low-high of $5.91 to $19.13.
The Dow Jones Industrial Average had surged more than 1,000 points or more than 3% on the news that the October’s consumer price index rose only 0.4 per cent for the month and is up 7.7% from a year ago. It is the lowest monthly increase since January.
Royal Caribbean has become the latest line to simplify its Covid-19 protocols as restrictions on travel continue to ease around the world.
Guests will no longer have to test for Covid-19 prior to departure, regardless of their vaccination status – except for where testing is required by local law.
A spokesperson for the line said: “The cruise line’s additional layers of health and safety measures exceed other vacation experiences, including the routine monitoring and vaccination of all crew members and keeping them up to date with boosters when they are eligible, enhanced testing and treatment capabilities in our onboard medical facilities, and more.”
Royal Caribbean Group’s soon-to-be-opened terminal at the Port of Galveston will display the Galveston Beach Trio sculpture, designed by Brad Oldham Sculpture, according to a press release.
The cruise line’s initiative to feature the sculpture in its new terminal is aimed at strengthening ties with the local community and celebrating local art and culture. Travellers will be able to enjoy the sculpture when the terminal opens on November 9, 2022, according to Royal Caribbean Group.
“Showcasing the history and culture of Galveston was our top priority in establishing this art installation in our new terminal, and we’re thrilled to partner with Brad Oldham Sculpture to bring this vision to life,” comments Joshua Carroll, vice president, of destination development, Royal Caribbean Group.
The sculpture, fashioned in stainless steel and lost-wax bronze, depicts a musical trio inspired by the port city’s musical heritage, which includes Barry White, Joyce Fields and guitarist Joe Pena.
The Royal Caribbean Group team enlisted the help of Piper Faust Public Art to compile a list of Texas artists to be considered for the project and ultimately selected Brad Oldham and Christy Coltrin of Brad Oldham Sculpture.
“Some of our best memories are from travelling together. We are honoured to create a permanent installation that cultivates the vacation vibe with an approachable music theme using native animals to make up the band,” said Brad Oldham.
This community-inspired feature is the most recent addition to Royal Caribbean Group’s Blue Green Promise. The RCG has committed to engaging the Galveston community through the development and operation of its new terminal, with the incorporation of local arts and culture serving as the first step in this effort.
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