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3 Reasons I'm Bullish on Royal Caribbean Stock

3 Reasons I'm Bullish on Royal Caribbean Stock

After enduring a slump of nearly three years, Royal Caribbean Cruises (NYSE: RCL) is finally seeing a wave of pent-up revenge travel. While cruising is clearly making a comeback, Royal Caribbean stock still trades more than 52% down from pre-pandemic highs. Citing "a substantial acceleration in demand" for cruises this year, CEO Jason Liberty said in the company's third-quarter earnings call that bookings doubled between Q2 2022 and Q3 2022.