Inflation has forced Americans to reduce their discretionary spending, including travel. So, in this article, I have discussed why cruise line stocks Carnival Corporation & plc (CCL) and Norwegian Cruise Line Holdings Ltd. (NCLH) might be best avoided despite solid growth and momentum.
The cruise industry strongly depends on consumer spending and discretionary money, which fall during a recession. This could result in fewer bookings and lower revenues for cruise lines, making it difficult for them to maintain expansion in such economic conditions.
