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Cruise operators have been enjoying strong demand since climbing out of the Covid pandemic, which may have some investors wondering if the good times will last. UBS believes they will. For one, the gap between cruise prices and land-based hotel prices is still “meaningfully wider” than it was in 2019, UBS analyst Robin Farley wrote in a note Monday. “While the cruise lines will always have a gap to hotel pricing, because there is no business travel in the cruise sector to support pricing, there is no fundamental reason why that gap should be significantly wider in 2024 than it was in 2019, especially because the growth in US hotel rate has been driven by leisure demand,” she said. Through the first quarter of this year, the U.S. hotel…
Tags: hotel-news