Travel Weekly – Most Interesting Travel Data Points from 7/3-7/9

Bookings Accelerate from 1Q; Target Full Fleet at Full Capacity by Spr...

Cruise: Demand Gaining Steam Despite Delays, Complications, and Confus...

Cruise: Reopening Imminent in the U.S.; Europe Not Far Behind; APAC Li...

CCL - Embedded Expectations Analysis - 2021 05 24

Carnival Corporation (CCL:USA) currently trades at a premium to UAFRS-based (Uniform) assets, with a 1.3x Uniform P/B. At these levels, the market is pricing in expectations for profitability to positively inflect, but management may have concerns about the vaccination progress, the potential of their new ships, and maintaining cost savings Specifically, management may have concerns about the progress of COVID-19 vaccination efforts, the sustainability of bookings acceleration, and disruptions to their cruise operations in Europe. In addition, they lack confidence in their ability to maintain...

Travel Weekly – Most Interesting Travel Data Points from 7/3-7/9

Bookings Accelerate from 1Q; Target Full Fleet at Full Capacity by Spr...

Cruise: Demand Gaining Steam Despite Delays, Complications, and Confus...

Cruise: Reopening Imminent in the U.S.; Europe Not Far Behind; APAC Li...

CCL - Embedded Expectations Analysis - 2021 05 24

Carnival Corporation (CCL:USA) currently trades at a premium to UAFRS-based (Uniform) assets, with a 1.3x Uniform P/B. At these levels, the market is pricing in expectations for profitability to positively inflect, but management may have concerns about the vaccination progress, the potential of their new ships, and maintaining cost savings Specifically, management may have concerns about the progress of COVID-19 vaccination efforts, the sustainability of bookings acceleration, and disruptions to their cruise operations in Europe. In addition, they lack confidence in their ability to maintain...

Travel Weekly – Most Interesting Travel Data Points from 7/3-7/9

Bookings Accelerate from 1Q; Target Full Fleet at Full Capacity by Spr...

Cruise: Demand Gaining Steam Despite Delays, Complications, and Confus...

Cruise: Reopening Imminent in the U.S.; Europe Not Far Behind; APAC Li...

CCL - Embedded Expectations Analysis - 2021 05 24

Carnival Corporation (CCL:USA) currently trades at a premium to UAFRS-based (Uniform) assets, with a 1.3x Uniform P/B. At these levels, the market is pricing in expectations for profitability to positively inflect, but management may have concerns about the vaccination progress, the potential of their new ships, and maintaining cost savings Specifically, management may have concerns about the progress of COVID-19 vaccination efforts, the sustainability of bookings acceleration, and disruptions to their cruise operations in Europe. In addition, they lack confidence in their ability to maintain...

Travel Weekly – Most Interesting Travel Data Points from 7/3-7/9

Bookings Accelerate from 1Q; Target Full Fleet at Full Capacity by Spr...

Cruise: Demand Gaining Steam Despite Delays, Complications, and Confus...

Cruise: Reopening Imminent in the U.S.; Europe Not Far Behind; APAC Li...

CCL - Embedded Expectations Analysis - 2021 05 24

Carnival Corporation (CCL:USA) currently trades at a premium to UAFRS-based (Uniform) assets, with a 1.3x Uniform P/B. At these levels, the market is pricing in expectations for profitability to positively inflect, but management may have concerns about the vaccination progress, the potential of their new ships, and maintaining cost savings Specifically, management may have concerns about the progress of COVID-19 vaccination efforts, the sustainability of bookings acceleration, and disruptions to their cruise operations in Europe. In addition, they lack confidence in their ability to maintain...

Travel Weekly – Most Interesting Travel Data Points from 7/3-7/9

Bookings Accelerate from 1Q; Target Full Fleet at Full Capacity by Spr...

Cruise: Demand Gaining Steam Despite Delays, Complications, and Confus...

Cruise: Reopening Imminent in the U.S.; Europe Not Far Behind; APAC Li...

CCL - Embedded Expectations Analysis - 2021 05 24

Carnival Corporation (CCL:USA) currently trades at a premium to UAFRS-based (Uniform) assets, with a 1.3x Uniform P/B. At these levels, the market is pricing in expectations for profitability to positively inflect, but management may have concerns about the vaccination progress, the potential of their new ships, and maintaining cost savings Specifically, management may have concerns about the progress of COVID-19 vaccination efforts, the sustainability of bookings acceleration, and disruptions to their cruise operations in Europe. In addition, they lack confidence in their ability to maintain...