At the start of the coronavirus pandemic, Carnival (NYSE:CCL) became the posterchild for the devastation caused by the global health crisis, with CCL stock sputtering to a halt as government agencies temporarily cracked down on non-essential activities. However, millions of consumers cooped up in their homes accrued pent-up demand, thus theoretically benefitting the cruise liner industry.
Known as revenge travel, after around two years or so of denied social experiences, people are simply ready to reclaim their lives. As the Washington Post detailed in February of this year, declining fears of Covid-19 contributed to a surge in travel intentions. Indeed, a Post op-ed from the summer of 2020 argued that suppressed demand could spring back, sparking a tourism boom.
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