Royal Caribbean's water park project faces government review
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: Newsfilter
Royal Caribbean Cruises Ltd (RCL) hit a 20-day low as shares fell 3.00% amid concerns over a government review of its water park project in Mexico.
The Mexican government, led by President Claudia Sheinbaum, has initiated a review of Royal Caribbean's Perfect Day México project, which aims to create a private cruise destination in Mahahual. This review, prompted by environmental concerns and opposition from groups like Greenpeace, could delay the project's progress and negatively impact future earnings expectations for the company.
The ongoing scrutiny of the project has raised significant concerns among investors, contributing to the stock's decline. As the cruise industry continues to recover, the potential setbacks from this project could hinder Royal Caribbean's growth trajectory.
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Analyst Views on RCL
Wall Street analysts forecast RCL stock price to rise
16 Analyst Rating
12 Buy
4 Hold
0 Sell
Strong Buy
Current: 281.290
Low
275.00
Averages
327.80
High
400.00
Current: 281.290
Low
275.00
Averages
327.80
High
400.00
About RCL
Royal Caribbean Cruises Ltd. is a cruise company, which owns and operates three global cruise brands: Royal Caribbean, Celebrity Cruises and Silversea Cruises. It also has an interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises. Its ships offer a selection of worldwide itineraries that call on approximately 1,000 destinations on all seven continents. Royal Caribbean offers cruises and land destinations that generally feature a casual ambiance, as well as a variety of activities and entertainment venues. Celebrity Cruises offers a range of itineraries to destinations, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, the Galapagos Islands, Hawaii, New Zealand, the Panama Canal and South America, with cruise lengths ranging from three to 14 nights. It also offers a range of private land destinations through Perfect Day at CocoCay and Royal Beach Club collection.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
