NEW YORK (Reuters) -Cruise operators Royal Caribbean, Carnival and Norwegian Cruise Line Holdings are discounting summer itineraries as they look to fill empty cabins aboard older ships, according to travel agencies and company websites. The companies are lowering summer prices in part because more vessels are headed for already popular Caribbean and Alaskan destinations - and as they reroute ships away from Red Sea destinations due to the ongoing conflict between Israel and Hamas. In the Caribbean and Bermuda, Royal Caribbean's seven-day itinerary prices for interior cabins in June are down 21% year-over-year as of May. Similar Norwegian and Carnival itineraries are down 12% and 11% respectively, according to TripAdvisor's Cruise Critic, a vacation planning website.
This stock to buy already has climbed more than 30% over the past year.
Stocks like AAL, DESP, CCL, BKNG and DIS are likely to benefit from the increase in travel and tourism this Memorial Day weekend.