Royal Caribbean-Cruises for all

Royal Caribbean International is a cruise line founded in 1968 in Norway and is a wholly owned subsidiary of the Royal Caribbean group since 1997.They are based out of Miami,Florida,United States and had their IPO in April 1993 with an initial price of 18.00 $ per share with 10 million shares being offered.They are the first cruise company who run a private vacation island and currently operate the largest cruise ship-Symphony of the Seas.

Royal Caribbean currently trades at 83.5-85$ with a market cap of around 21.5B $.Royal Caribbean comes under the tourism and hospitality industry which was the worst affected by the pandemic owing to government restrictions and reduced incomes resulting in reduced spending power to consumers.The company suffered heavy losses and was on the verge of declaring bankruptcy back in November 2020.The saving grace was the upliftment of the travel ban during the holiday period.They even had to retire many vessels earlier and stopped service along many routes as a loss cutting strategy.

Royal Caribbean is steadily recovering with a predicted earning of 10B $ for 2022 which is 475% bump from the current year and about a 13% increase since post pandemic levels.The 12-month price forecasts for Royal Caribbean Cruises Ltd have a median target of 94.00, with a high estimate of 135.00 and a low estimate of 60.00. The median estimate represents a +11.31% increase from the last price of 84.45.The market participants have a buy sentiment towards the stock as many believe good financial results in the near future.

Royal Caribbean has been an essential part of holiday and tourism since its inception and has offered the most luxurious travelling experience for families all around the world.Many believe it to be a bucket list item to travel on their cruise ships and visit the CocoCay island privately run by Royal Caribbean.The investments in the island have started to pay off and is increasing consumers which is evident from the fact that they have ordered 6 new oasis class ships in addition to the 24 they currently operate.The company has always had the most interesting activities in-house attracting consumers of all age groups.They have increased efforts to become a zero waste company which has improved their ESG score significantly.Royal Caribbean is considered one of the safest cruise lines but back in 2014 their vessel Explorer of the Seas had a Norovirus outbreak which caused more than 700 passengers to be sick.The company has been involved in controversy along the years and has always provided fair compensation to the sufferers.The short term future seems great as they are recovering from the pandemic and the long term future is strong as well as demander tourism is increasing heavily.